Qiwi (QIWI) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of Qiwi (NASDAQ:QIWI) from a buy rating to a hold rating in a report issued on Wednesday.

Several other equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of Qiwi from a sell rating to a strong sell rating in a research report on Wednesday, May 2nd. UBS raised shares of Qiwi from a neutral rating to a buy rating and set a $25.00 target price on the stock in a research report on Thursday, April 5th. Finally, Zacks Investment Research raised shares of Qiwi from a sell rating to a hold rating in a research report on Saturday, March 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $26.00.

QIWI opened at $17.93 on Wednesday. Qiwi has a 1 year low of $17.38 and a 1 year high of $17.80. The company has a market capitalization of $774.11 million, a P/E ratio of 17.24 and a beta of 2.71.

Qiwi (NASDAQ:QIWI) last released its earnings results on Wednesday, March 28th. The credit services provider reported $10.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $10.35. Qiwi had a net margin of 15.11% and a return on equity of 18.36%. The business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the company earned $15.43 earnings per share. The company’s quarterly revenue was up 45.9% on a year-over-year basis. analysts anticipate that Qiwi will post 1.1 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in QIWI. Eqis Capital Management Inc. raised its holdings in Qiwi by 11.5% in the fourth quarter. Eqis Capital Management Inc. now owns 29,074 shares of the credit services provider’s stock valued at $504,000 after buying an additional 2,996 shares during the period. Dumac Inc. raised its holdings in Qiwi by 56.0% in the first quarter. Dumac Inc. now owns 8,492 shares of the credit services provider’s stock valued at $162,000 after buying an additional 3,047 shares during the period. JPMorgan Chase & Co. raised its holdings in Qiwi by 2.3% in the first quarter. JPMorgan Chase & Co. now owns 143,815 shares of the credit services provider’s stock valued at $2,748,000 after buying an additional 3,196 shares during the period. Barclays PLC raised its holdings in Qiwi by 18.5% in the first quarter. Barclays PLC now owns 28,800 shares of the credit services provider’s stock valued at $551,000 after buying an additional 4,488 shares during the period. Finally, Standard Life Aberdeen plc raised its holdings in Qiwi by 24.2% in the fourth quarter. Standard Life Aberdeen plc now owns 28,700 shares of the credit services provider’s stock valued at $497,000 after buying an additional 5,600 shares during the period. 27.53% of the stock is currently owned by institutional investors and hedge funds.

Qiwi Company Profile

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

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