Shares of Q2 Holdings Inc (NYSE:QTWO) have been given an average rating of “Hold” by the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $47.67.
Several equities research analysts recently commented on QTWO shares. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target on shares of Q2 in a research note on Friday, February 16th. SunTrust Banks reiterated a “buy” rating on shares of Q2 in a research note on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target on shares of Q2 in a research note on Friday, November 3rd. BidaskClub upgraded shares of Q2 from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, BTIG Research reiterated a “buy” rating and set a $47.00 price target on shares of Q2 in a research note on Sunday, November 5th.
Shares of Q2 (NYSE:QTWO) traded down $1.10 during trading hours on Friday, reaching $45.75. 594,324 shares of the company traded hands, compared to its average volume of 352,647. Q2 has a 12-month low of $31.95 and a 12-month high of $47.10. The firm has a market cap of $1,970.00, a price-to-earnings ratio of -73.20 and a beta of 1.59.
Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. Q2 had a negative net margin of 13.49% and a negative return on equity of 19.34%. The firm had revenue of $51.70 million for the quarter, compared to analyst estimates of $51.70 million. During the same period last year, the business earned ($0.03) EPS. Q2’s revenue for the quarter was up 22.5% compared to the same quarter last year. analysts anticipate that Q2 will post -0.43 EPS for the current fiscal year.
In other news, CTO Adam D. Blue sold 5,025 shares of Q2 stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $44.81, for a total value of $225,170.25. Following the sale, the chief technology officer now owns 35,780 shares of the company’s stock, valued at $1,603,301.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Barry G. Benton sold 1,425 shares of Q2 stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $42.00, for a total transaction of $59,850.00. Following the completion of the sale, the senior vice president now directly owns 21,356 shares in the company, valued at approximately $896,952. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 228,724 shares of company stock worth $9,462,086. 24.50% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Q2 by 7.0% in the fourth quarter. BlackRock Inc. now owns 2,066,353 shares of the technology company’s stock valued at $76,145,000 after acquiring an additional 135,134 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Q2 by 4.9% in the third quarter. Artisan Partners Limited Partnership now owns 1,648,424 shares of the technology company’s stock valued at $68,657,000 after acquiring an additional 77,433 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Q2 by 15.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,630,218 shares of the technology company’s stock valued at $60,074,000 after acquiring an additional 218,855 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Q2 by 3.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,549,549 shares of the technology company’s stock valued at $57,102,000 after acquiring an additional 45,177 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Q2 by 10.4% in the second quarter. Vanguard Group Inc. now owns 1,360,214 shares of the technology company’s stock valued at $50,261,000 after acquiring an additional 128,054 shares in the last quarter. 89.88% of the stock is currently owned by institutional investors and hedge funds.
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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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