Qiwi (NASDAQ:QIWI) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other research analysts also recently issued research reports about the company. ValuEngine downgraded Qiwi from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. UBS raised Qiwi from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, April 5th. Finally, Zacks Investment Research raised Qiwi from a “sell” rating to a “hold” rating in a report on Saturday, March 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Qiwi currently has a consensus rating of “Hold” and an average price target of $26.00.

Shares of Qiwi opened at $17.95 on Wednesday, according to MarketBeat. Qiwi has a 1-year low of $17.38 and a 1-year high of $17.80. The stock has a market capitalization of $774.11 million, a PE ratio of 17.26 and a beta of 2.71.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. ETF Managers Group LLC boosted its holdings 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 purchasing an additional 187,596 shares during the last quarter. Barclays PLC boosted 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 purchasing an additional 4,488 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Qiwi in the first quarter valued at about $726,000. Platinum Investment Management Ltd. boosted its holdings in Qiwi by 58.6% in 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 purchasing an additional 845,182 shares during the last quarter. Finally, Dumac Inc. boosted 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 purchasing an additional 3,047 shares during the last quarter. 27.53% of the stock is 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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