Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Gets Price Target Boost from Freedom Broker

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its price objective hoisted by research analysts at Freedom Broker from $93.00 to $101.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Freedom Broker‘s price objective would suggest a potential upside of 13.06% from the company’s current price.

A number of other research firms also recently commented on KSPI. Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 8th. Wolfe Research raised their price objective on shares of Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Susquehanna boosted their target price on Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Finally, Zacks Research downgraded Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Joint Stock Company Kaspi.kz has an average rating of “Hold” and a consensus price target of $105.33.

Joint Stock Company Kaspi.kz Trading Up 1.6%

KSPI traded up $1.44 on Wednesday, reaching $89.33. The company had a trading volume of 253,757 shares, compared to its average volume of 517,833. The company has a fifty day moving average of $95.43 and a 200-day moving average of $86.88. The company has a market capitalization of $16.98 billion, a P/E ratio of 8.15 and a beta of 1.07. Joint Stock Company Kaspi.kz has a one year low of $68.59 and a one year high of $109.94.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Joint Stock Company Kaspi.kz during the 2nd quarter valued at about $41,000. EverSource Wealth Advisors LLC raised its holdings in shares of Joint Stock Company Kaspi.kz by 2,683.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 483 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in Joint Stock Company Kaspi.kz by 52.3% during the second quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock valued at $68,000 after purchasing an additional 271 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in Joint Stock Company Kaspi.kz during the second quarter valued at approximately $159,000. Finally, Euro Pacific Asset Management LLC acquired a new stake in Joint Stock Company Kaspi.kz during the first quarter valued at approximately $2,365,000. 32.20% of the stock is owned by institutional investors and hedge funds.

Joint Stock Company Kaspi.kz Company Profile

Joint Stock Company Kaspi.kz is a Kazakhstan-based technology and financial services company that operates a digital ecosystem through its Kaspi.kz super app. Its services connect consumers, merchants and financial institutions across everyday shopping and financial activities. The company’s offerings include an online marketplace, digital payments and financial products such as consumer loans, deposits and merchant services. It also provides services such as travel booking through its platform.