Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Trading Down 5.4% - What's Next?

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report)'s stock price was down 5.4% during trading on Monday . The company traded as low as $109.00 and last traded at $109.02. Approximately 73,314 shares were traded during trading, a decline of 78% from the average daily volume of 326,189 shares. The stock had previously closed at $115.20.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price objective on shares of 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.

Joint Stock Company Kaspi.kz Stock Down 3.7 %

The business's 50-day moving average is $116.27 and its two-hundred day moving average is $121.57. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.82 by ($0.61). The company had revenue of $966.37 million for the quarter, compared to analyst estimates of $1.26 billion. On average, research analysts anticipate that Joint Stock Company Kaspi.kz will post 11.29 earnings per share for the current year.

Joint Stock Company Kaspi.kz Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 22nd were given a $1.7916 dividend. The ex-dividend date of this dividend was Thursday, August 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. ANTIPODES PARTNERS Ltd bought a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter valued at about $128,000. Driehaus Capital Management LLC grew 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 valued at $2,840,000 after acquiring an additional 1,400 shares during the period. Renaissance Capital LLC grew its position in shares of Joint Stock Company Kaspi.kz by 36.5% in the 2nd quarter. Renaissance Capital LLC now owns 10,230 shares of the company's stock valued at $1,320,000 after acquiring an additional 2,738 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter valued at about $19,063,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter valued at about $64,051,000. Institutional investors own 0.09% of the company's stock.

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.