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

Q2 Holdings, Inc. (NYSE:QTWO) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $72.38.

Several equities research analysts have recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and issued a $78.00 target price (up from $68.00) on shares of Q2 in a report on Thursday, August 1st. BTIG Research lifted their price objective on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Royal Bank of Canada increased their target price on Q2 from $60.00 to $76.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on shares of Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Compass Point initiated coverage on shares of Q2 in a research report on Wednesday, September 4th. They set a “buy” rating and a $91.00 price objective for the company.

Q2 Stock Up 3.4 %

Shares of QTWO opened at $82.14 on Friday. The business’s 50 day moving average is $74.56 and its 200 day moving average is $64.69. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02. Q2 has a 12-month low of $28.91 and a 12-month high of $82.72. The company has a market capitalization of $4.94 billion, a PE ratio of -60.84 and a beta of 1.59.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. The company had revenue of $172.89 million for the quarter, compared to the consensus estimate of $170.67 million. Research analysts expect that Q2 will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Q2 news, Director James Offerdahl sold 1,013 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total value of $74,931.61. Following the transaction, the director now owns 18,789 shares of the company’s stock, valued at $1,389,822.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Q2 news, Director James Offerdahl sold 1,013 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total value of $74,931.61. Following the completion of the sale, the director now directly owns 18,789 shares of the company’s stock, valued at $1,389,822.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the transaction, the general counsel now directly owns 61,130 shares in the company, valued at approximately $4,331,671.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,963 shares of company stock valued at $3,109,699. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of institutional investors and hedge funds have recently bought and sold shares of QTWO. Hood River Capital Management LLC purchased a new stake in shares of Q2 in the 1st quarter worth approximately $62,765,000. American Century Companies Inc. raised its stake in Q2 by 5,990.6% in the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after buying an additional 1,190,274 shares in the last quarter. Perpetual Ltd purchased a new stake in Q2 during the third quarter worth $80,788,000. Price T Rowe Associates Inc. MD boosted its position in Q2 by 1,910.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock valued at $37,832,000 after acquiring an additional 683,957 shares in the last quarter. Finally, Wasatch Advisors LP increased its holdings in shares of Q2 by 10.8% in the 1st quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock valued at $214,386,000 after acquiring an additional 398,871 shares during the period.

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.