Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Gap Up - Time to Buy?

Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $92.87, but opened at $96.54. Joint Stock Company Kaspi.kz shares last traded at $94.87, with a volume of 65,426 shares changing hands.

Analysts Set New Price Targets

Several analysts recently commented on KSPI shares. Citigroup began coverage on shares of Joint Stock Company Kaspi.kz in a research report on Monday, November 4th. They issued a "buy" rating and a $140.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on shares of Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an "overweight" rating on the stock in a research note on Monday, December 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Joint Stock Company Kaspi.kz presently has a consensus rating of "Buy" and an average price target of $147.20.

Joint Stock Company Kaspi.kz Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The firm's 50 day simple moving average is $101.99 and its 200-day simple moving average is $113.09.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $2.53 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.31). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, equities research analysts expect that Joint Stock Company Kaspi.kz will post 10.98 EPS for the current year.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. grew its stake in shares of Joint Stock Company Kaspi.kz by 39.0% during the 3rd quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company's stock worth $492,799,000 after purchasing an additional 1,305,625 shares during the period. Renaissance Capital LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 839.0% during the 3rd quarter. Renaissance Capital LLC now owns 96,058 shares of the company's stock worth $10,181,000 after purchasing an additional 85,828 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Joint Stock Company Kaspi.kz during the 3rd quarter worth $7,942,000. Finally, Driehaus Capital Management LLC boosted its position in shares of Joint Stock Company Kaspi.kz by 6.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company's stock worth $2,840,000 after buying an additional 1,400 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, 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.