Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Gap Up to $115.72

Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) gapped up before the market opened on Monday . The stock had previously closed at $115.72, but opened at $119.10. Joint Stock Company Kaspi.kz shares last traded at $120.01, with a volume of 158,278 shares traded.

Analysts Set New Price Targets

KSPI has been the topic of a number of research reports. Susquehanna initiated coverage on Joint Stock Company Kaspi.kz in a research report on Tuesday, February 27th. They set a “positive” rating and a $154.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Joint Stock Company Kaspi.kz in a research report on Monday, March 11th. They set an “overweight” rating and a $159.00 price objective on the stock. Finally, Wolfe Research initiated coverage on Joint Stock Company Kaspi.kz in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $130.00 price target on the stock.

Joint Stock Company Kaspi.kz Price Performance

The company’s 50-day moving average price is $113.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.93 and a quick ratio of 0.89.

Joint Stock Company Kaspi.kz Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, April 15th were given a $1.9022 dividend. The ex-dividend date was Friday, April 12th.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

A hedge fund recently bought a new stake in Joint Stock Company Kaspi.kz stock. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Joint Stock Company Kaspi.kz (NASDAQ:KSPI) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 497,912 shares of the company’s stock, valued at approximately $64,051,000. Sumitomo Mitsui Trust Holdings Inc. owned 0.26% of Joint Stock Company Kaspi.kz at the end of the most recent reporting period. 0.09% of the stock is currently owned by hedge funds and other institutional investors.

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.