Qiwi (NASDAQ:QIWI) Stock Rating Lowered by BidaskClub

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

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. restated a “buy” rating on shares of Cisco Systems in a research note on Thursday, May 16th. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, TheStreet upgraded Viewray from a “d+” rating to a “c-” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.33.

NASDAQ QIWI traded down $0.02 on Friday, reaching $19.67. The stock had a trading volume of 105,678 shares, compared to its average volume of 217,156. The firm has a 50 day simple moving average of $19.32. Qiwi has a 1 year low of $11.61 and a 1 year high of $20.90. The company has a market capitalization of $1.21 billion, a P/E ratio of 20.49 and a beta of 1.16.

Qiwi (NASDAQ:QIWI) last issued its earnings results on Thursday, May 16th. The credit services provider reported $0.41 EPS for the quarter, beating 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 firm had revenue of $82.90 million for the quarter. Equities analysts predict that Qiwi will post 1.56 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Qiwi by 855.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,364,894 shares of the credit services provider’s stock worth $19,641,000 after purchasing an additional 1,222,072 shares during the last quarter. River & Mercantile Asset Management LLP lifted its position in shares of Qiwi by 39.1% during the 4th quarter. River & Mercantile Asset Management LLP now owns 568,576 shares of the credit services provider’s stock worth $8,031,000 after purchasing an additional 159,800 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Qiwi by 44.2% during the 1st quarter. Acadian Asset Management LLC now owns 505,025 shares of the credit services provider’s stock worth $7,268,000 after purchasing an additional 154,791 shares during the last quarter. Millennium Management LLC lifted its position in shares of Qiwi by 202.9% during the 4th quarter. Millennium Management LLC now owns 273,559 shares of the credit services provider’s stock worth $3,868,000 after purchasing an additional 183,251 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Qiwi by 376.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 249,959 shares of the credit services provider’s stock worth $3,597,000 after purchasing an additional 197,510 shares during the last quarter. 24.41% of the stock is owned by institutional investors and hedge funds.

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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