Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Gap Up – Here’s What Happened

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) shares 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 trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KSPI shares. JPMorgan Chase & Co. lowered their target price on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, December 2nd. Citigroup began coverage on shares of Joint Stock Company Kaspi.kz in a research note on Monday, November 4th. They set a “buy” rating and a $140.00 price target on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $147.20.

Joint Stock Company Kaspi.kz Stock Up 3.2 %

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

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Renaissance Capital LLC boosted its position in shares of Joint Stock Company Kaspi.kz by 839.0% during the third 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. Baillie Gifford & Co. grew its position in shares of Joint Stock Company Kaspi.kz by 39.0% in the 3rd quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock valued at $492,799,000 after purchasing an additional 1,305,625 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Joint Stock Company Kaspi.kz during the 3rd quarter worth approximately $7,942,000. Finally, Driehaus Capital Management LLC lifted its stake in 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 in the last quarter. Institutional investors and hedge funds own 32.20% 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.