JPMorgan Chase & Co. Issues Pessimistic Forecast for Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Price

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its target price lowered by JPMorgan Chase & Co. from $154.00 to $137.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Separately, Citigroup initiated coverage on shares of Joint Stock Company Kaspi.kz in a report on Monday, November 4th. They issued a “buy” rating and a $140.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $147.20.

Joint Stock Company Kaspi.kz Stock Down 0.2 %

KSPI opened at $106.17 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $108.44 and a 200 day moving average of $119.87. Joint Stock Company Kaspi.kz has a fifty-two week low of $85.02 and a fifty-two week high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.31). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.34 billion. As a group, sell-side analysts forecast that Joint Stock Company Kaspi.kz will post 10.98 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 Wednesday, November 20th. Shareholders of record on Wednesday, November 20th were given a $1.7565 dividend. The ex-dividend date of this dividend was Wednesday, November 20th.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

A number of large investors have recently bought and sold shares of KSPI. Driehaus Capital Management LLC lifted its position 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 acquiring an additional 1,400 shares in the last quarter. Renaissance Capital LLC increased its stake 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 worth $1,320,000 after acquiring an additional 2,738 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Joint Stock Company Kaspi.kz during the 3rd quarter valued at about $7,942,000. Finally, Baillie Gifford & Co. increased its position in Joint Stock Company Kaspi.kz by 39.0% during the third 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 last quarter. Institutional investors and hedge funds 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.