Shares of Q2 Holdings Inc (NYSE:QTWO) have earned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $47.67.
Several analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $50.00 price objective on shares of Q2 in a research report on Friday, February 16th. Needham & Company LLC upped their price objective on Q2 from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Morgan Stanley upped their price objective on Q2 from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, February 16th. Wells Fargo assumed coverage on Q2 in a research report on Thursday, February 8th. They set an “outperform” rating and a $50.00 price objective for the company. Finally, Zacks Investment Research downgraded Q2 from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd.
Shares of QTWO stock opened at $47.05 on Wednesday. Q2 has a 1 year low of $31.95 and a 1 year high of $48.40. The firm has a market capitalization of $1,952.21, a price-to-earnings ratio of -74.68 and a beta of 1.43.
Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. Q2 had a negative return on equity of 19.34% and a negative net margin of 13.49%. The business had revenue of $51.70 million during the quarter, compared to the consensus estimate of $51.70 million. During the same period in the prior year, the company earned ($0.03) EPS. Q2’s revenue for the quarter was up 22.5% on a year-over-year basis. equities analysts forecast that Q2 will post -0.44 EPS for the current year.
In other news, Director Carl James Schaper sold 20,000 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $36.86, for a total value of $737,200.00. Following the completion of the sale, the director now owns 42,274 shares of the company’s stock, valued at $1,558,219.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director R. H. Seale sold 39,440 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $47.30, for a total value of $1,865,512.00. Following the completion of the sale, the director now directly owns 380,188 shares of the company’s stock, valued at approximately $17,982,892.40. The disclosure for this sale can be found here. Insiders sold 263,963 shares of company stock valued at $11,396,042 over the last quarter. Corporate insiders own 24.50% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Q2 in the third quarter valued at about $217,000. Jefferies Group LLC acquired a new stake in shares of Q2 in the fourth quarter valued at about $201,000. Virtu Financial LLC acquired a new stake in shares of Q2 in the fourth quarter valued at about $205,000. Sei Investments Co. increased its stake in shares of Q2 by 77.0% in the third quarter. Sei Investments Co. now owns 6,296 shares of the technology company’s stock valued at $262,000 after buying an additional 2,739 shares during the period. Finally, California Public Employees Retirement System acquired a new stake in shares of Q2 in the third quarter valued at about $367,000. 90.04% of the stock is owned by institutional investors.
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Q2 Company Profile
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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