Shares of Qiwi PLC (NASDAQ:QIWI) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.00.

A number of research analysts have weighed in on QIWI shares. Credit Suisse Group lowered shares of Qiwi from a “neutral” rating to an “underperform” rating and cut their price target for the company from $18.00 to $14.00 in a research note on Monday, May 28th. TheStreet raised shares of Qiwi from a “c+” rating to a “b-” rating in a research note on Monday, August 6th. Zacks Investment Research raised shares of Qiwi from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, August 15th. BidaskClub lowered shares of Qiwi from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, UBS Group cut their price target on shares of Qiwi from $24.50 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 24th.

Shares of QIWI opened at $13.90 on Friday. Qiwi has a twelve month low of $12.50 and a twelve month high of $20.05. The company has a market capitalization of $637.61 million, a price-to-earnings ratio of 13.37 and a beta of 2.79.

Qiwi (NASDAQ:QIWI) last announced its quarterly earnings results on Thursday, August 16th. The credit services provider reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.03). Qiwi had a net margin of 12.66% and a return on equity of 15.13%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $17.70 EPS. The business’s quarterly revenue was up 53.7% compared to the same quarter last year. equities research analysts expect that Qiwi will post 0.81 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in QIWI. Dumac Inc. lifted its position in shares of Qiwi by 56.0% in the first quarter. Dumac Inc. now owns 8,492 shares of the credit services provider’s stock worth $162,000 after purchasing an additional 3,047 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Qiwi by 2.3% in the first quarter. JPMorgan Chase & Co. now owns 143,815 shares of the credit services provider’s stock worth $2,748,000 after purchasing an additional 3,196 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Qiwi by 5.7% in the second quarter. California Public Employees Retirement System now owns 79,854 shares of the credit services provider’s stock worth $1,258,000 after purchasing an additional 4,339 shares in the last quarter. Barclays PLC lifted its position in shares of Qiwi by 18.5% in the first quarter. Barclays PLC now owns 28,800 shares of the credit services provider’s stock worth $551,000 after purchasing an additional 4,488 shares in the last quarter. Finally, Eqis Capital Management Inc. lifted its position in shares of Qiwi by 16.7% in the second quarter. Eqis Capital Management Inc. now owns 36,763 shares of the credit services provider’s stock worth $579,000 after purchasing an additional 5,260 shares in the last quarter. 29.00% of the stock is currently owned by hedge funds and other institutional investors.

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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