Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Gap Down to $119.01

Joint Stock Company Kaspi.kz (NASDAQ:KSPI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $119.01, but opened at $114.00. Joint Stock Company Kaspi.kz shares last traded at $111.71, with a volume of 146,413 shares changing hands.

Wall Street Analyst Weigh In

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

Joint Stock Company Kaspi.kz Stock Down 2.7 %

The company’s fifty day moving average is $125.58 and its 200-day moving average is $123.35. 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 issued its quarterly earnings results on Thursday, August 1st. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, equities research analysts expect that Joint Stock Company Kaspi.kz will post 11.32 earnings per share 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. Stockholders of record on Thursday, August 22nd were issued a dividend of $1.7916 per share. The ex-dividend date was Thursday, August 22nd.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several hedge funds and other institutional investors have recently modified their holdings of KSPI. ANTIPODES PARTNERS Ltd acquired a new position in Joint Stock Company Kaspi.kz during the 1st quarter valued at $128,000. Driehaus Capital Management LLC lifted its stake in shares of Joint Stock Company Kaspi.kz by 6.8% in the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock valued at $2,840,000 after buying an additional 1,400 shares during the period. Renaissance Capital LLC grew its position in 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 buying an additional 2,738 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Joint Stock Company Kaspi.kz during the first quarter valued at about $19,063,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Joint Stock Company Kaspi.kz in the 1st quarter valued at approximately $64,051,000. Institutional investors and hedge funds 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.