Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Upgraded to “Strong-Buy” at Zacks Research

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings raised shares of Joint Stock Company Kaspi.kz from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.67.

Joint Stock Company Kaspi.kz Stock Up 1.7%

Shares of Joint Stock Company Kaspi.kz stock opened at $89.82 on Wednesday. The stock has a market cap of $17.07 billion, a P/E ratio of 8.29 and a beta of 0.99. Joint Stock Company Kaspi.kz has a 12-month low of $68.59 and a 12-month high of $99.20. The business’s 50 day moving average is $86.49 and its 200-day moving average is $80.06.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

A number of large investors have recently made changes to their positions in KSPI. EverSource Wealth Advisors LLC boosted its stake in shares of Joint Stock Company Kaspi.kz by 2,683.3% in the first quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 483 shares during the period. Advisory Services Network LLC increased its stake in Joint Stock Company Kaspi.kz by 15.3% during the 4th quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock worth $296,000 after acquiring an additional 502 shares during the period. SG Americas Securities LLC bought a new position in Joint Stock Company Kaspi.kz during the 4th quarter worth $306,000. North of South Capital LLP acquired a new position in Joint Stock Company Kaspi.kz in the 4th quarter valued at $1,425,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Joint Stock Company Kaspi.kz by 16.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock valued at $13,057,000 after acquiring an additional 23,500 shares in the last quarter. Institutional investors own 32.20% of the company’s stock.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.