Several other equities analysts have also weighed in on QIWI. Zacks Investment Research lowered shares of Qiwi from a “hold” rating to a “strong sell” rating in a research report on Friday, March 1st. BidaskClub upgraded shares of Qiwi from a “sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. upgraded shares of 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 report on Thursday. Finally, TheStreet upgraded shares of Qiwi from a “c+” rating to a “b-” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.00.
QIWI opened at $15.99 on Friday. The stock has a market cap of $840.40 million, a P/E ratio of 16.66 and a beta of 1.52. Qiwi has a fifty-two week low of $11.61 and a fifty-two week high of $19.29.
Qiwi (NASDAQ:QIWI) last posted its quarterly earnings results on Thursday, March 28th. The credit services provider reported $16.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $16.29. The company had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.22 billion. Qiwi had a net margin of 12.02% and a return on equity of 15.29%. The firm’s revenue for the quarter was up 41.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.48 earnings per share. On average, equities analysts forecast that Qiwi will post 1.31 EPS for the current year.
Large investors have recently modified their holdings of the business. Financial Gravity Wealth Inc. bought a new position in Qiwi during the first quarter worth about $154,000. Essex Investment Management Co. LLC bought a new position in Qiwi during the fourth quarter worth about $268,000. Renaissance Technologies LLC boosted its position in Qiwi by 114.8% during the third quarter. Renaissance Technologies LLC now owns 322,780 shares of the credit services provider’s stock worth $4,251,000 after purchasing an additional 172,480 shares during the period. Perpetual Ltd boosted its position in Qiwi by 8.2% during the fourth quarter. Perpetual Ltd now owns 88,643 shares of the credit services provider’s stock worth $1,213,000 after purchasing an additional 6,734 shares during the period. Finally, Morgan Stanley boosted its position in Qiwi by 34.1% during the third quarter. Morgan Stanley now owns 113,938 shares of the credit services provider’s stock worth $1,501,000 after purchasing an additional 28,975 shares during the period. Hedge funds and other institutional investors own 26.74% of the company’s stock.
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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