Qiwi (QIWI) Shares Gap Up to $15.22

Qiwi PLC (NASDAQ:QIWI) gapped up before the market opened on Monday . The stock had previously closed at $14.38, but opened at $15.22. Qiwi shares last traded at $17.33, with a volume of 4914100 shares.

QIWI has been the topic of several analyst reports. Zacks Investment Research raised shares of Qiwi from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. ValuEngine raised shares of Qiwi from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Finally, BidaskClub raised shares of Qiwi from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.67.

The company has a market cap of $778.15, a PE ratio of 24.07 and a beta of 3.23.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Qiwi in the 2nd quarter worth about $201,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Qiwi in the 3rd quarter worth about $245,000. Ameriprise Financial Inc. bought a new stake in shares of Qiwi in the 2nd quarter worth about $260,000. Cubist Systematic Strategies LLC bought a new stake in shares of Qiwi in the 3rd quarter worth about $268,000. Finally, Wells Fargo & Company MN grew its position in shares of Qiwi by 110.5% during the 2nd quarter. Wells Fargo & Company MN now owns 15,378 shares of the credit services provider’s stock valued at $380,000 after buying an additional 8,073 shares during the last quarter. 17.49% of the stock is owned by institutional investors.

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Qiwi Company Profile

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

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