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

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $55.33.

A number of research analysts recently weighed in on QTWO shares. Piper Sandler raised 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. Royal Bank of Canada raised their target price on Q2 from $46.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, May 2nd. Needham & Company LLC raised their target price on Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price (up previously from $40.00) on shares of Q2 in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group raised their target price on Q2 from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, May 2nd.

Insider Transactions at Q2

In other news, Director R. H. Seale sold 689 shares of Q2 stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $48.75, for a total transaction of $33,588.75. Following the sale, the director now owns 420,769 shares of the company’s stock, valued at approximately $20,512,488.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Kimberly Anne Rutledge sold 741 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $50.10, for a total value of $37,124.10. Following the sale, the insider now owns 74,535 shares of the company’s stock, valued at approximately $3,734,203.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director R. H. Seale sold 689 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $48.75, for a total value of $33,588.75. Following the completion of the sale, the director now directly owns 420,769 shares in the company, valued at approximately $20,512,488.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 166,141 shares of company stock valued at $7,804,773. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Q2

Institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new stake in Q2 in the 4th quarter valued at $1,938,000. Summit Creek Advisors LLC bought a new position in Q2 in the 4th quarter valued at $9,170,000. Vanguard Group Inc. raised its position in Q2 by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after purchasing an additional 487,111 shares during the last quarter. Jennison Associates LLC raised its position in Q2 by 32.0% in the 4th quarter. Jennison Associates LLC now owns 1,616,825 shares of the technology company’s stock valued at $70,186,000 after purchasing an additional 391,539 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Q2 by 13.4% in the 3rd quarter. Deutsche Bank AG now owns 29,559 shares of the technology company’s stock valued at $954,000 after purchasing an additional 3,496 shares during the last quarter.

Q2 Stock Down 3.0 %

Shares of QTWO stock opened at $61.60 on Thursday. The stock’s 50 day simple moving average is $54.43 and its 200 day simple moving average is $45.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.38 and a current ratio of 2.38. Q2 has a twelve month low of $26.54 and a twelve month high of $64.17. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of -45.63 and a beta of 1.47.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. The business had revenue of $165.51 million for the quarter, compared to the consensus estimate of $163.58 million. As a group, research analysts predict 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.