Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Reaches New 52-Week Low – Here’s What Happened

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)’s stock price hit a new 52-week low on Friday . The company traded as low as $69.90 and last traded at $70.0860, with a volume of 340873 shares trading hands. The stock had previously closed at $71.12.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KSPI shares. Susquehanna cut shares of Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 price objective for the company. in a report on Monday, February 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a report on Monday, December 29th. Finally, Zacks Research raised shares of Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Joint Stock Company Kaspi.kz has an average rating of “Hold” and a consensus price target of $96.67.

Joint Stock Company Kaspi.kz Price Performance

The company’s 50-day moving average price is $76.04 and its 200-day moving average price is $77.87. The company has a market cap of $13.73 billion, a P/E ratio of 6.21 and a beta of 0.93.

Institutional Trading of Joint Stock Company Kaspi.kz

Several hedge funds and other institutional investors have recently modified their holdings of KSPI. Advisory Services Network LLC lifted its holdings in shares of Joint Stock Company Kaspi.kz by 15.3% in the fourth quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock valued at $296,000 after purchasing an additional 502 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Joint Stock Company Kaspi.kz during the fourth quarter worth about $306,000. North of South Capital LLP bought a new position in shares of Joint Stock Company Kaspi.kz during the fourth quarter worth about $1,425,000. Public Employees Retirement System of Ohio raised its position 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 buying an additional 23,500 shares during the last quarter. Finally, Renaissance Capital LLC raised its position in Joint Stock Company Kaspi.kz by 36.7% in the 3rd quarter. Renaissance Capital LLC now owns 89,750 shares of the company’s stock valued at $7,331,000 after buying an additional 24,115 shares during the last quarter. Institutional investors and hedge funds own 32.20% of the company’s stock.

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.