Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Gap Up – Time to Buy?

Joint Stock Company Kaspi.kz (NASDAQ:KSPI)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $92.87, but opened at $96.54. Joint Stock Company Kaspi.kz shares last traded at $94.87, with a volume of 65,426 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup initiated coverage on Joint Stock Company Kaspi.kz in a research note on Monday, November 4th. They set a “buy” rating and a $140.00 price target for the company. JPMorgan Chase & Co. lowered their target price on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a research report on Monday, December 2nd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $147.20.

Joint Stock Company Kaspi.kz Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50 day simple moving average of $101.27 and a two-hundred day simple moving average of $112.70.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last released its earnings results on Tuesday, October 29th. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.31). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, analysts predict that Joint Stock Company Kaspi.kz will post 10.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in Joint Stock Company Kaspi.kz in the 3rd quarter worth about $7,942,000. Baillie Gifford & Co. grew its stake in Joint Stock Company Kaspi.kz by 39.0% in the third quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock worth $492,799,000 after purchasing an additional 1,305,625 shares in the last quarter. Renaissance Capital LLC increased its holdings in Joint Stock Company Kaspi.kz by 839.0% during the 3rd quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock worth $10,181,000 after purchasing an additional 85,828 shares during the period. Finally, Driehaus Capital Management LLC raised its position in Joint Stock Company Kaspi.kz by 6.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock valued at $2,840,000 after purchasing an additional 1,400 shares in the last quarter. 32.20% of the stock is currently owned by hedge funds and other institutional investors.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.