Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Rating Lowered by Zacks Research

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings raised Joint Stock Company Kaspi.kz from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Joint Stock Company Kaspi.kz has an average rating of “Hold” and an average price target of $96.67.

Joint Stock Company Kaspi.kz Price Performance

Shares of KSPI stock opened at $88.78 on Thursday. Joint Stock Company Kaspi.kz has a 1 year low of $68.59 and a 1 year high of $99.20. The firm has a fifty day moving average price of $86.74 and a 200-day moving average price of $81.33. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 8.19 and a beta of 0.99.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KSPI. Ameriprise Financial Inc. boosted its holdings in Joint Stock Company Kaspi.kz by 1,518.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock worth $70,996,000 after buying an additional 815,509 shares during the period. Capricorn Fund Managers Ltd raised its holdings in Joint Stock Company Kaspi.kz by 599.4% during the first quarter. Capricorn Fund Managers Ltd now owns 118,900 shares of the company’s stock valued at $8,807,000 after acquiring an additional 101,900 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Joint Stock Company Kaspi.kz by 21.4% in the fourth quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock valued at $14,557,000 after acquiring an additional 32,820 shares in the last quarter. Euro Pacific Asset Management LLC bought a new position in shares of Joint Stock Company Kaspi.kz in the first quarter worth about $2,365,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of 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 during the period. Institutional investors own 32.20% of the company’s stock.

About Joint Stock Company Kaspi.kz

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.