Qiwi PLC (NASDAQ:QIWI) dropped 3.3% on Wednesday . The stock traded as low as $12.50 and last traded at $12.52, with a volume of 147,907 shares. The stock had previously closed at $12.95.

QIWI has been the topic of several recent research reports. Susquehanna cut their price target on Qiwi PLC from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, March 21st. Zacks Investment Research downgraded Qiwi PLC from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Qiwi PLC from $24.00 to $15.50 and set a “neutral” rating on the stock in a report on Tuesday, March 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.63.

The firm has a market cap of $760.31 million and a price-to-earnings ratio of 5.04. The company’s 50-day moving average price is $13.11 and its 200-day moving average price is $13.38.

Qiwi PLC (NASDAQ:QIWI) last issued its earnings results on Wednesday, May 18th. The company reported $20.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $16.23 by $4.18. The firm earned $2.51 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the previous year, the business posted $20.29 EPS. Qiwi PLC’s revenue was down .2% compared to the same quarter last year. Analysts forecast that Qiwi PLC will post $74.51 earnings per share for the current year.

A hedge fund recently raised its stake in Qiwi PLC stock. GSA Capital Partners LLP boosted its position in shares of Qiwi PLC (NASDAQ:QIWI) by 21.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 231,830 shares of the company’s stock after buying an additional 40,344 shares during the period. GSA Capital Partners LLP owned 0.38% of Qiwi PLC worth $4,161,000 as of its most recent SEC filing.

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. It had deployed over 16.1 million virtual wallets, approximately 172,000 kiosks and terminals, and enabled merchants to accept cash and electronic payments.

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