Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Hits New 1-Year Low – What’s Next?

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)’s share price hit a new 52-week low on Friday . The company traded as low as $70.10 and last traded at $70.7740, with a volume of 121083 shares. The stock had previously closed at $71.29.

Analysts Set New Price Targets

KSPI has been the topic of several recent research reports. Zacks Research raised Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Monday, December 29th. Finally, Susquehanna lowered 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 research note 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.67.

Joint Stock Company Kaspi.kz Stock Performance

The business has a 50 day simple moving average of $77.21 and a 200-day simple moving average of $79.56. The stock has a market capitalization of $14.06 billion, a P/E ratio of 6.40 and a beta of 0.88.

Institutional Trading of Joint Stock Company Kaspi.kz

Several large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in 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 stake in shares of Joint Stock Company Kaspi.kz during the 4th quarter valued at about $306,000. North of South Capital LLP bought a new stake in shares of Joint Stock Company Kaspi.kz in the 4th quarter valued at approximately $1,425,000. Renaissance Capital LLC increased its holdings in Joint Stock Company Kaspi.kz by 36.7% in the third quarter. Renaissance Capital LLC now owns 89,750 shares of the company’s stock worth $7,331,000 after buying an additional 24,115 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Joint Stock Company Kaspi.kz by 16.4% during the fourth 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. 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 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.