Q2 (NYSE:QTWO) Given Neutral Rating at DA Davidson

Q2 (NYSE:QTWO)‘s stock had its “neutral” rating reissued by stock analysts at DA Davidson in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $76.00 price objective on the technology company’s stock. DA Davidson’s price objective suggests a potential downside of 4.56% from the company’s current price.

QTWO has been the topic of a number of other reports. Stifel Nicolaus lifted their price objective on Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BTIG Research lifted their price objective on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, August 26th. The Goldman Sachs Group lifted their price objective on Q2 from $59.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price target on Q2 from $60.00 to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC boosted their price target on Q2 from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Q2 currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.38.

Q2 Trading Up 0.7 %

QTWO stock traded up $0.58 on Monday, reaching $79.63. The company’s stock had a trading volume of 56,995 shares, compared to its average volume of 590,425. The business has a fifty day simple moving average of $72.24 and a two-hundred day simple moving average of $62.83. Q2 has a 12-month low of $28.91 and a 12-month high of $82.72. The firm has a market cap of $4.80 billion, a PE ratio of -58.93 and a beta of 1.58. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44.

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

Insider Activity at Q2

In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the company’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 value of $36,634.62. Following the completion of the sale, the general counsel now directly owns 61,130 shares in the company, valued at $4,331,671.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the sale, the general counsel now directly owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the transaction, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. The disclosure for this sale can be found here. Insiders sold a total of 43,916 shares of company stock valued at $3,236,644 over the last three months. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Q2

Several hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Q2 during the fourth quarter valued at approximately $20,470,000. US Bancorp DE boosted its holdings in shares of Q2 by 5.0% during the 4th quarter. US Bancorp DE now owns 29,668 shares of the technology company’s stock worth $1,288,000 after buying an additional 1,403 shares during the period. Premier Fund Managers Ltd bought a new stake in Q2 in the 4th quarter valued at about $294,000. PEAK6 Investments LLC lifted its holdings in shares of Q2 by 68.8% during the 4th quarter. PEAK6 Investments LLC now owns 69,205 shares of the technology company’s stock worth $3,004,000 after acquiring an additional 28,215 shares during the period. Finally, Seven Eight Capital LP lifted its holdings in shares of Q2 by 79.6% during the 4th quarter. Seven Eight Capital LP now owns 18,823 shares of the technology company’s stock worth $817,000 after acquiring an additional 8,344 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.