Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Now Covered by Analysts at New Street Research

New Street Research began coverage on shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) in a report released on Tuesday, Benzinga reports. The brokerage set a “buy” rating and a $175.00 price target on the stock. New Street Research’s price objective points to a potential upside of 45.43% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Wolfe Research began coverage on shares of Joint Stock Company Kaspi.kz in a research report on Tuesday, February 13th. They set an “outperform” rating and a $130.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Joint Stock Company Kaspi.kz in a research note on Monday, March 11th. They issued an “overweight” rating and a $159.00 target price on the stock. Finally, Susquehanna assumed coverage on Joint Stock Company Kaspi.kz in a research report on Tuesday, February 27th. They set a “positive” rating and a $154.00 target price for the company.

Joint Stock Company Kaspi.kz Trading Up 1.6 %

Shares of KSPI opened at $120.33 on Tuesday. Joint Stock Company Kaspi.kz has a 52-week low of $85.02 and a 52-week high of $136.17. The company has a fifty day simple moving average of $116.61. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KSPI. Baillie Gifford & Co. bought a new stake in Joint Stock Company Kaspi.kz in the 1st quarter valued at approximately $147,577,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter worth $64,051,000. Nikko Asset Management Americas Inc. acquired a new position in Joint Stock Company Kaspi.kz during the first quarter worth $64,051,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Joint Stock Company Kaspi.kz in the first quarter valued at $128,000. 0.09% of the stock is currently owned by institutional investors.

Joint Stock Company Kaspi.kz Company Profile

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.