Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Gap Up – Here’s What Happened

Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) gapped up before the market opened on Tuesday . The stock had previously closed at $92.87, but opened at $96.54. Joint Stock Company Kaspi.kz shares last traded at $94.87, with a volume of 65,426 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup started coverage on Joint Stock Company Kaspi.kz in a report on Monday, November 4th. They set a “buy” rating and a $140.00 target price for the company. JPMorgan Chase & Co. dropped their price objective on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, December 2nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $147.20.

Joint Stock Company Kaspi.kz Stock Performance

The company’s fifty day moving average price is $101.27 and its 200-day moving average price is $112.70. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.31). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, analysts anticipate that Joint Stock Company Kaspi.kz will post 10.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Institutional investors have recently bought and sold shares of the business. Renaissance Capital LLC increased its stake in shares of Joint Stock Company Kaspi.kz by 839.0% in the third quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock worth $10,181,000 after acquiring an additional 85,828 shares during the period. Baillie Gifford & Co. lifted 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 valued at $492,799,000 after purchasing an additional 1,305,625 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Joint Stock Company Kaspi.kz in the third quarter valued at $7,942,000. Finally, Driehaus Capital Management LLC grew its position in Joint Stock Company Kaspi.kz by 6.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock worth $2,840,000 after purchasing an additional 1,400 shares during the period. 32.20% of the stock is owned by hedge funds and other institutional investors.

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.