Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Short Interest Update

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 809,500 shares, a growth of 9.0% from the December 15th total of 742,400 shares. Based on an average trading volume of 207,400 shares, the short-interest ratio is presently 3.9 days.

Joint Stock Company Kaspi.kz Price Performance

Shares of Joint Stock Company Kaspi.kz stock opened at $92.87 on Tuesday. Joint Stock Company Kaspi.kz has a 1-year low of $85.02 and a 1-year high of $143.72. The firm has a fifty day simple moving average of $101.99 and a 200-day simple moving average of $113.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Joint Stock Company Kaspi.kz

Several hedge funds have recently added to or reduced their stakes in KSPI. Driehaus Capital Management LLC increased its position in 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 worth $2,840,000 after buying an additional 1,400 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Joint Stock Company Kaspi.kz in the third quarter worth $7,942,000. Renaissance Capital LLC increased its position in Joint Stock Company Kaspi.kz by 839.0% during 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. Finally, Baillie Gifford & Co. raised its stake in Joint Stock Company Kaspi.kz by 39.0% during the 3rd 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 last quarter. Institutional investors own 32.20% of the company’s stock.

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.