Citigroup Lowers Q2 (NYSE:QTWO) to Neutral

Citigroup lowered shares of Q2 (NYSE:QTWO) from a buy rating to a neutral rating in a report published on Friday, Marketbeat reports. They currently have $90.00 target price on the technology company’s stock, up from their prior target price of $72.00.

QTWO has been the topic of several other research reports. BTIG Research raised their price target on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Stifel Nicolaus lifted their price target on shares of Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group increased their price objective on Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC lifted their target price on Q2 from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, DA Davidson reiterated a “neutral” rating and issued a $76.00 target price on shares of Q2 in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.64.

Q2 Stock Up 0.2 %

Shares of NYSE QTWO opened at $82.31 on Friday. Q2 has a 1 year low of $28.91 and a 1 year high of $82.73. The firm has a 50-day simple moving average of $76.02 and a two-hundred day simple moving average of $65.93. The company has a market cap of $4.95 billion, a P/E ratio of -60.97 and a beta of 1.59. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44.

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

Insiders Place Their Bets

In other news, CRO Michael A. Volanoski sold 1,428 shares of the 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 sale, the executive now owns 227,672 shares in the company, valued at approximately $16,376,446.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Q2 news, EVP Jonathan Price sold 11,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $71.64, for a total value of $788,040.00. Following the completion of the transaction, the executive vice president now owns 215,079 shares of the company’s stock, valued at approximately $15,408,259.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the sale, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,963 shares of company stock valued at $3,109,699. 3.60% of the stock is currently owned by insiders.

Institutional Trading of Q2

Large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its position in Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after buying an additional 169 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Q2 during the first quarter worth $50,000. Quest Partners LLC acquired a new position in Q2 during the second quarter valued at $153,000. SG Americas Securities LLC acquired a new stake in Q2 during the 1st quarter worth about $173,000. Finally, nVerses Capital LLC purchased a new position in shares of Q2 during the 2nd quarter valued at about $181,000.

About Q2

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.