Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Trading 4% Higher

Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) were up 4% during mid-day trading on Tuesday . The company traded as high as $137.51 and last traded at $135.73. Approximately 28,585 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 309,923 shares. The stock had previously closed at $130.45.

Wall Street Analysts Forecast Growth

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

Joint Stock Company Kaspi.kz Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 0.98. The business’s 50-day moving average is $127.88.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.04). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. On average, equities analysts predict that Joint Stock Company Kaspi.kz will post 11.99 EPS for the current fiscal year.

Institutional Trading of Joint Stock Company Kaspi.kz

Several hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. purchased a new stake in Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $147,577,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter worth $64,051,000. Nikko Asset Management Americas Inc. bought a new stake in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at $64,051,000. Russell Investments Group Ltd. purchased a new position in shares of Joint Stock Company Kaspi.kz in the first quarter valued at about $19,063,000. Finally, Renaissance Capital LLC lifted its holdings in 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 purchasing an additional 2,738 shares in the last quarter. Institutional investors 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.