Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Gap Up to $99.81

Joint Stock Company Kaspi.kz (NASDAQ:KSPI)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $99.81, but opened at $105.00. Joint Stock Company Kaspi.kz shares last traded at $99.23, with a volume of 404,506 shares.

Wall Street Analysts Forecast Growth

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

Joint Stock Company Kaspi.kz Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The business’s 50-day simple moving average is $126.30 and its two-hundred day simple moving average is $123.41.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.26 billion. On average, sell-side analysts expect that Joint Stock Company Kaspi.kz will post 11.32 EPS for the current year.

Joint Stock Company Kaspi.kz Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 22nd were issued a dividend of $1.7916 per share. The ex-dividend date of this dividend was Thursday, August 22nd.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

A number of institutional investors and hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. grew its stake in shares of Joint Stock Company Kaspi.kz by 191.5% in the 2nd quarter. Baillie Gifford & Co. now owns 3,343,859 shares of the company’s stock valued at $431,391,000 after buying an additional 2,196,646 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Joint Stock Company Kaspi.kz in the first quarter valued at approximately $64,051,000. Nikko Asset Management Americas Inc. bought a new stake in shares of Joint Stock Company Kaspi.kz during the first quarter valued at approximately $64,051,000. Russell Investments Group Ltd. bought a new stake in shares of Joint Stock Company Kaspi.kz during the first quarter valued at approximately $19,063,000. Finally, Renaissance Capital LLC raised its position in shares of Joint Stock Company Kaspi.kz by 36.5% during the second 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 during the period. 0.09% of the stock is currently owned by 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.