Q2 Holdings, Inc. (NYSE:QTWO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $55.53.

A number of equities analysts have issued reports on QTWO shares. DA Davidson lifted their price objective on shares of Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Royal Bank of Canada increased their price objective on Q2 from $46.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, May 2nd. Piper Sandler increased their price objective on Q2 from $47.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. The Goldman Sachs Group raised their price target on Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Needham & Company LLC raised their price target on Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd.

Insider Activity at Q2

In other Q2 news, Director R. H. Seale sold 9,000 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the transaction, the director now directly owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jeffrey T. Diehl sold 27,248 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $62.51, for a total value of $1,703,272.48. Following the completion of the sale, the director now owns 750,314 shares in the company, valued at $46,902,128.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R. H. Seale sold 9,000 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $50.10, for a total value of $450,900.00. Following the completion of the sale, the director now owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,684 shares of company stock valued at $5,548,275. Insiders own 3.60% of the company’s stock.

Institutional Trading of Q2

A number of hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale raised its holdings in shares of Q2 by 67.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock worth $2,908,000 after acquiring an additional 22,400 shares in the last quarter. Comerica Bank raised its holdings in shares of Q2 by 4.4% during the first quarter. Comerica Bank now owns 172,251 shares of the technology company’s stock worth $9,054,000 after acquiring an additional 7,299 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Q2 by 13.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 25,329 shares of the technology company’s stock worth $1,331,000 after acquiring an additional 3,080 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Q2 by 1,910.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock worth $37,832,000 after acquiring an additional 683,957 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in shares of Q2 during the first quarter worth $62,765,000.

Q2 Stock Performance

NYSE:QTWO opened at $61.52 on Friday. The company has a fifty day moving average of $60.01 and a 200-day moving average of $51.09. The firm has a market capitalization of $3.70 billion, a P/E ratio of -45.57 and a beta of 1.55. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.06. Q2 has a twelve month low of $28.91 and a twelve month high of $64.17.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $165.51 million during the quarter, compared to analyst estimates of $163.58 million. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. As a group, sell-side analysts anticipate that Q2 will post -0.05 EPS for the current year.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.