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

Q2 Holdings, Inc. (NYSE:QTWO) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $65.86.

A number of research analysts have weighed in on QTWO shares. BTIG Research lifted their price target on shares of Q2 from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada boosted their target price on shares of Q2 from $60.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday. DA Davidson cut shares of Q2 from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $65.00 to $76.00 in a research report on Wednesday, July 24th. The Goldman Sachs Group boosted their target price on shares of Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus boosted their target price on shares of Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday.

Q2 Trading Down 4.8 %

Shares of QTWO stock opened at $66.70 on Tuesday. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of -49.41 and a beta of 1.54. The company has a quick ratio of 2.38, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. Q2 has a fifty-two week low of $28.91 and a fifty-two week high of $75.94. The firm’s 50 day moving average price is $62.67 and its two-hundred day moving average price is $54.65.

Q2 (NYSE:QTWO) last announced its quarterly earnings results 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. The firm had revenue of $165.51 million for the quarter, compared to analysts’ expectations of $163.58 million. Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. On average, analysts anticipate that Q2 will post -0.05 EPS for the current year.

Insider Buying and Selling

In related news, Director Jeffrey T. Diehl sold 1,015 shares of Q2 stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $61.00, for a total value of $61,915.00. Following the completion of the sale, the director now owns 721,184 shares in the company, valued at $43,992,224. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Q2 news, Director Jeffrey T. Diehl sold 1,015 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $61.00, for a total transaction of $61,915.00. Following the completion of the sale, the director now owns 721,184 shares in the company, valued at $43,992,224. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director R. H. Seale sold 598 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $61.26, for a total transaction of $36,633.48. Following the sale, the director now owns 420,171 shares of the company’s stock, valued at approximately $25,739,675.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,637 shares of company stock worth $5,224,320. Insiders own 3.60% of the company’s stock.

Institutional Trading of Q2

Institutional investors have recently added to or reduced their stakes in the business. MCF Advisors LLC grew its position in shares of Q2 by 156.5% during the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after acquiring an additional 374 shares during the last quarter. CWM LLC grew its position in shares of Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Q2 by 2,582.4% during the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after acquiring an additional 878 shares during the last quarter. Arcadia Investment Management Corp MI grew its position in shares of Q2 by 193.7% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock worth $49,000 after acquiring an additional 738 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Q2 during the first quarter worth about $50,000.

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.