BidaskClub upgraded shares of Qiwi (NASDAQ:QIWI) from a hold rating to a buy rating in a research report sent to investors on Thursday, March 15th.
QIWI has been the subject of a number of other reports. Zacks Investment Research lowered Qiwi from a hold rating to a strong sell rating in a report on Tuesday, November 28th. ValuEngine raised Qiwi from a hold rating to a buy rating in a report on Monday, November 27th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $25.00.
Shares of NASDAQ:QIWI traded down $0.66 during trading on Thursday, hitting $18.49. 198,969 shares of the company traded hands, compared to its average volume of 282,865. The firm has a market capitalization of $830.24, a PE ratio of 17.78 and a beta of 2.71. Qiwi has a one year low of $13.66 and a one year high of $26.55.
Qiwi (NASDAQ:QIWI) last posted its earnings results on Wednesday, March 28th. The credit services provider reported $10.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $10.35. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.33 billion. Qiwi had a return on equity of 18.36% and a net margin of 15.11%. The business’s revenue was up 45.9% compared to the same quarter last year. During the same period in the prior year, the company earned $15.43 earnings per share. sell-side analysts forecast that Qiwi will post 1.08 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Invictus RG bought a new position in Qiwi in the 4th quarter worth approximately $215,000. Dynamic Technology Lab Private Ltd bought a new position in Qiwi in the 3rd quarter worth approximately $245,000. Ameriprise Financial Inc. bought a new position in Qiwi in the 2nd quarter worth approximately $260,000. Cubist Systematic Strategies LLC bought a new position in Qiwi in the 3rd quarter worth approximately $268,000. Finally, Wells Fargo & Company MN grew its holdings in Qiwi by 110.5% in the 2nd quarter. Wells Fargo & Company MN now owns 15,378 shares of the credit services provider’s stock worth $380,000 after buying an additional 8,073 shares in the last quarter. 26.30% of the stock is owned by institutional investors and hedge funds.
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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 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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