Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Coverage Initiated at New Street Research

Stock analysts at New Street Research assumed coverage on shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage set a “buy” rating and a $175.00 price target on the stock. New Street Research’s price objective points to a potential upside of 47.97% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. initiated coverage on Joint Stock Company Kaspi.kz in a research note on Monday, March 11th. They issued an “overweight” rating and a $159.00 target price on the stock. Susquehanna initiated coverage on Joint Stock Company Kaspi.kz in a research note on Tuesday, February 27th. They issued a “positive” rating and a $154.00 target price on the stock. Finally, Wolfe Research assumed coverage on shares of Joint Stock Company Kaspi.kz in a report on Tuesday, February 13th. They issued an “outperform” rating and a $130.00 price objective for the company.

Joint Stock Company Kaspi.kz Stock Performance

Shares of NASDAQ:KSPI opened at $118.27 on Tuesday. Joint Stock Company Kaspi.kz has a 1-year low of $85.02 and a 1-year high of $136.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average is $117.24.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

A number of institutional investors and hedge funds have recently made changes to their positions in KSPI. ANTIPODES PARTNERS Ltd purchased a new position in shares of Joint Stock Company Kaspi.kz during the first quarter worth about $128,000. Russell Investments Group Ltd. purchased a new position in Joint Stock Company Kaspi.kz in the first quarter worth $19,063,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Joint Stock Company Kaspi.kz in the first quarter valued at $64,051,000. Nikko Asset Management Americas Inc. bought a new stake in Joint Stock Company Kaspi.kz during the first quarter worth about $64,051,000. Finally, Baillie Gifford & Co. purchased a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter worth about $147,577,000. Hedge funds and other 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.