Joint Stock Company Kaspi.kz (NASDAQ:KSPI) PT Raised to $183.00 at JPMorgan Chase & Co.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its target price raised by stock analysts at JPMorgan Chase & Co. from $159.00 to $183.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 45.07% from the company’s current price.

Separately, New Street Research started coverage on shares of Joint Stock Company Kaspi.kz in a report on Tuesday, May 7th. They issued a “buy” rating and a $175.00 target price for the company.

Joint Stock Company Kaspi.kz Trading Down 1.5 %

Shares of Joint Stock Company Kaspi.kz stock traded down $1.97 on Tuesday, hitting $126.15. 20,774 shares of the company’s stock were exchanged, compared to its average volume of 291,852. The company has a 50-day simple moving average of $129.07 and a 200-day simple moving average of $119.25. Joint Stock Company Kaspi.kz has a 1 year low of $85.02 and a 1 year high of $143.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at about $128,000. Renaissance Capital LLC raised its position in shares of Joint Stock Company Kaspi.kz by 36.5% during the 2nd quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock valued at $1,320,000 after buying an additional 2,738 shares in the last quarter. Driehaus Capital Management LLC raised its position in shares of Joint Stock Company Kaspi.kz by 6.8% during the 2nd 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 in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at about $19,063,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at about $64,051,000. Institutional investors own 0.09% of the company’s stock.

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.