Qiwi (NASDAQ:QIWI) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

Other equities analysts have also issued reports about the company. UBS Group raised Qiwi from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, April 5th. Zacks Investment Research raised Qiwi from a “sell” rating to a “hold” rating in a research note on Tuesday, June 19th. ValuEngine lowered Qiwi from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. Finally, Credit Suisse Group lowered Qiwi from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $18.00 to $14.00 in a research note on Monday, May 28th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Qiwi has a consensus rating of “Hold” and a consensus price target of $19.50.

Qiwi stock opened at $15.75 on Thursday. The company has a market capitalization of $693.74 million, a P/E ratio of 15.14 and a beta of 2.66. Qiwi has a one year low of $13.66 and a one year high of $25.28.

Qiwi (NASDAQ:QIWI) last posted its quarterly earnings data on Wednesday, May 23rd. The credit services provider reported $17.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $17.34. Qiwi had a return on equity of 16.76% and a net margin of 14.45%. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the firm earned $20.76 earnings per share. The firm’s quarterly revenue was up 41.1% on a year-over-year basis. analysts predict that Qiwi will post 1.13 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. ETF Managers Group LLC lifted its stake in Qiwi by 183.5% in the first quarter. ETF Managers Group LLC now owns 289,845 shares of the credit services provider’s stock valued at $5,353,000 after buying an additional 187,596 shares during the period. Barclays PLC increased its holdings in shares of Qiwi by 18.5% during the first quarter. Barclays PLC now owns 28,800 shares of the credit services provider’s stock valued at $551,000 after acquiring an additional 4,488 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Qiwi during the first quarter valued at approximately $726,000. Platinum Investment Management Ltd. increased its holdings in shares of Qiwi by 58.6% during the first quarter. Platinum Investment Management Ltd. now owns 2,288,321 shares of the credit services provider’s stock valued at $43,729,000 after acquiring an additional 845,182 shares in the last quarter. Finally, Dumac Inc. increased its holdings in shares of Qiwi by 56.0% during the first quarter. Dumac Inc. now owns 8,492 shares of the credit services provider’s stock valued at $162,000 after acquiring an additional 3,047 shares in the last quarter. 29.89% of the stock is currently owned by hedge funds and other institutional investors.

About Qiwi

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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