ValuEngine Lowers Qiwi (NASDAQ:QIWI) to Strong Sell

ValuEngine lowered shares of Qiwi (NASDAQ:QIWI) from a sell rating to a strong sell rating in a research note published on Friday morning, ValuEngine reports.

QIWI has been the subject of a number of other reports. Zacks Investment Research lowered Qiwi from a strong-buy rating to a hold rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. raised Qiwi from a neutral rating to an overweight rating and increased their price target for the company from $19.00 to $20.00 in a research note on Thursday, May 16th. Finally, BidaskClub raised Qiwi from a hold rating to a buy rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $20.33.

QIWI stock traded down $1.24 on Friday, reaching $20.06. The company’s stock had a trading volume of 561,041 shares, compared to its average volume of 251,394. Qiwi has a 52 week low of $11.61 and a 52 week high of $22.55. The company has a market capitalization of $1.22 billion, a P/E ratio of 20.90 and a beta of 1.14. The business has a fifty day simple moving average of $20.24.

Qiwi (NASDAQ:QIWI) last issued its quarterly earnings data on Thursday, May 16th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. Qiwi had a return on equity of 16.86% and a net margin of 12.20%. The business had revenue of $82.90 million during the quarter. Sell-side analysts forecast that Qiwi will post 1.56 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Gravity Wealth Inc. bought a new position in Qiwi during the 1st quarter valued at $154,000. Acadian Asset Management LLC boosted its stake in Qiwi by 44.2% during the 1st quarter. Acadian Asset Management LLC now owns 505,025 shares of the credit services provider’s stock valued at $7,268,000 after purchasing an additional 154,791 shares in the last quarter. Pendal Group Ltd bought a new position in Qiwi during the 1st quarter valued at $1,040,000. Advisor Group Inc. boosted its stake in Qiwi by 46.7% during the 4th quarter. Advisor Group Inc. now owns 11,173 shares of the credit services provider’s stock valued at $158,000 after purchasing an additional 3,557 shares in the last quarter. Finally, Barclays PLC boosted its stake in Qiwi by 4.1% during the 4th quarter. Barclays PLC now owns 17,304 shares of the credit services provider’s stock valued at $245,000 after purchasing an additional 686 shares in the last quarter. 24.66% of the stock is 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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