Citigroup Initiates Coverage on Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Citigroup assumed coverage on shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) in a research note released on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $140.00 target price on the stock.

Separately, JPMorgan Chase & Co. raised their price objective on Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the stock an "overweight" rating in a report on Tuesday, August 20th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $156.40.

Joint Stock Company Kaspi.kz Price Performance

Joint Stock Company Kaspi.kz stock traded up $1.28 during midday trading on Monday, hitting $110.11. 195,971 shares of the company's stock were exchanged, compared to its average volume of 320,435. The firm's 50 day simple moving average is $113.43 and its 200 day simple moving average is $121.14. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. Joint Stock Company Kaspi.kz has a 12-month low of $85.02 and a 12-month high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $2.53 earnings per share (EPS) 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. Equities research analysts forecast that Joint Stock Company Kaspi.kz will post 11.19 earnings per share for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The business also recently disclosed a dividend, which was paid on Sunday, November 3rd. Stockholders of record on Wednesday, November 20th were issued a $1.7565 dividend. The ex-dividend date was Wednesday, November 20th.

Institutional Trading of Joint Stock Company Kaspi.kz

Large investors have recently added to or reduced their stakes in the business. Renaissance Capital LLC raised 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 in the last quarter. Driehaus Capital Management LLC lifted its stake in shares of Joint Stock Company Kaspi.kz by 6.8% in the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company's stock valued at $2,840,000 after buying an additional 1,400 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Joint Stock Company Kaspi.kz by 191.5% during the 2nd quarter. Baillie Gifford & Co. now owns 3,343,859 shares of the company's stock worth $431,391,000 after purchasing an additional 2,196,646 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Joint Stock Company Kaspi.kz in the 1st quarter valued at $19,063,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Joint Stock Company Kaspi.kz during the first quarter worth about $128,000. 0.09% of the stock is currently owned by institutional investors.

About Joint Stock Company Kaspi.kz

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.