Joint Stock Company Kaspi.kz’s (NASDAQ:KSPI) Lock-Up Period To Expire on July 17th

Joint Stock Company Kaspi.kz’s (NASDAQ:KSPI) lock-up period will expire on Wednesday, July 17th. Joint Stock Company Kaspi.kz had issued 11,300,000 shares in its IPO on January 19th. The total size of the offering was $1,039,600,000 based on an initial share price of $92.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, New Street Research initiated coverage on Joint Stock Company Kaspi.kz in a research note on Tuesday, May 7th. They set a “buy” rating and a $175.00 price target on the stock.

Joint Stock Company Kaspi.kz Price Performance

Shares of NASDAQ:KSPI opened at $130.93 on Friday. The stock’s 50 day moving average price is $125.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 0.98. Joint Stock Company Kaspi.kz has a 12 month low of $85.02 and a 12 month high of $136.38.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its earnings results on Tuesday, April 30th. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.04). The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Equities research analysts anticipate that Joint Stock Company Kaspi.kz will post 11.99 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, May 23rd. Investors of record on Friday, May 24th were paid a $1.9154 dividend. The ex-dividend date was Thursday, May 23rd. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KSPI. ANTIPODES PARTNERS Ltd acquired a new position in Joint Stock Company Kaspi.kz in the 1st quarter valued at $128,000. Renaissance Capital LLC raised its holdings in Joint Stock Company Kaspi.kz by 36.5% in the 2nd quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock valued at $1,320,000 after acquiring an additional 2,738 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Joint Stock Company Kaspi.kz in the 1st quarter valued at $19,063,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Joint Stock Company Kaspi.kz in the 1st quarter valued at $64,051,000. Finally, Nikko Asset Management Americas Inc. acquired a new position in Joint Stock Company Kaspi.kz in the 1st quarter valued at $64,051,000. 0.09% of the stock is currently owned by institutional investors and hedge funds.

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.