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

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 report issued on Wednesday,Zacks.com reports.

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

Joint Stock Company Kaspi.kz Stock Up 1.7%

Shares of KSPI stock opened at $89.82 on Wednesday. The company has a market capitalization of $17.07 billion, a price-to-earnings 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 firm has a fifty day moving average of $86.49 and a 200-day moving average of $80.06.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Several institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. grew its position in Joint Stock Company Kaspi.kz by 1,518.9% during the third quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock valued at $70,996,000 after buying an additional 815,509 shares during the period. Capricorn Fund Managers Ltd lifted its holdings in Joint Stock Company Kaspi.kz by 599.4% during the 1st quarter. Capricorn Fund Managers Ltd now owns 118,900 shares of the company’s stock worth $8,807,000 after purchasing an additional 101,900 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Joint Stock Company Kaspi.kz by 21.4% in the 4th quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock valued at $14,557,000 after purchasing an additional 32,820 shares during the period. Euro Pacific Asset Management LLC bought a new stake in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at about $2,365,000. Finally, Public Employees Retirement System of Ohio grew its position in Joint Stock Company Kaspi.kz by 16.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock worth $13,057,000 after acquiring an additional 23,500 shares in the last quarter. 32.20% of the stock is owned by institutional investors.

Joint Stock Company Kaspi.kz Company Profile

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.