Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Down 5.4% – What’s Next?

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) shares traded down 5.4% during mid-day trading on Monday . The company traded as low as $109.00 and last traded at $109.02. 73,314 shares traded hands during trading, a decline of 78% from the average session volume of 326,189 shares. The stock had previously closed at $115.20.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their target price on Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th.

Joint Stock Company Kaspi.kz Price Performance

The business has a 50 day moving average of $116.51 and a 200-day moving average of $121.72. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last announced its quarterly earnings results on Thursday, August 1st. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.61). The firm had revenue of $966.37 million during the quarter, compared to the consensus estimate of $1.26 billion. As a group, sell-side analysts expect that Joint Stock Company Kaspi.kz will post 11.29 earnings per share for the current year.

Joint Stock Company Kaspi.kz Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 22nd were given a dividend of $1.7916 per share. The ex-dividend date was Thursday, August 22nd.

Institutional Trading of Joint Stock Company Kaspi.kz

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Capital LLC grew its position in Joint Stock Company Kaspi.kz by 839.0% during the 3rd quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock valued at $10,181,000 after purchasing an additional 85,828 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Joint Stock Company Kaspi.kz in the 1st quarter worth about $64,051,000. Russell Investments Group Ltd. purchased a new position in shares of Joint Stock Company Kaspi.kz during the first quarter worth approximately $19,063,000. Driehaus Capital Management LLC increased its holdings in shares of Joint Stock Company Kaspi.kz by 6.8% in the 2nd 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 during the period. Finally, Baillie Gifford & Co. grew its stake in shares of Joint Stock Company Kaspi.kz by 191.5% during the second quarter. Baillie Gifford & Co. now owns 3,343,859 shares of the company’s stock worth $431,391,000 after acquiring an additional 2,196,646 shares during the last quarter. Hedge funds and other 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.