BidaskClub Downgrades Qiwi (QIWI) to Hold

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

Several other brokerages also recently issued reports on QIWI. UBS raised shares of Qiwi from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, April 5th. Zacks Investment Research raised shares of Qiwi from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th. Finally, ValuEngine raised shares of Qiwi from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.00.

Shares of Qiwi stock opened at $15.89 on Wednesday. Qiwi has a 1 year low of $13.66 and a 1 year high of $26.55. The firm has a market cap of $761.54, a price-to-earnings ratio of 15.28 and a beta of 2.71.



Qiwi (NASDAQ:QIWI) last issued its quarterly earnings data 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 company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the firm posted $15.43 EPS. Qiwi’s revenue for the quarter was up 45.9% on a year-over-year basis. equities analysts anticipate that Qiwi will post 1.08 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of QIWI. JPMorgan Chase & Co. boosted its holdings in shares of Qiwi by 240.4% in the third quarter. JPMorgan Chase & Co. now owns 390,918 shares of the credit services provider’s stock valued at $6,470,000 after acquiring an additional 276,068 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Qiwi by 1,278.7% in the fourth quarter. Guggenheim Capital LLC now owns 178,618 shares of the credit services provider’s stock valued at $3,096,000 after acquiring an additional 165,662 shares in the last quarter. Neumann Advisory Hong Kong Ltd purchased a new stake in shares of Qiwi in the fourth quarter valued at about $2,780,000. J. Goldman & Co LP purchased a new stake in shares of Qiwi in the fourth quarter valued at about $1,709,000. Finally, River & Mercantile Asset Management LLP boosted its holdings in shares of Qiwi by 47.2% in the fourth quarter. River & Mercantile Asset Management LLP now owns 287,940 shares of the credit services provider’s stock valued at $4,989,000 after acquiring an additional 92,373 shares in the last quarter. 26.30% of the stock is currently owned by institutional investors and hedge funds.

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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 provides payment services across physical, online, and mobile channels through a network of approximately 113,000 kiosks and 49,000 terminals that run its proprietary software.

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