Q2 (NYSE:QTWO) Upgraded at DA Davidson

Q2 (NYSE:QTWO) was upgraded by equities research analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $82.00 price objective on the technology company’s stock. DA Davidson’s price target would suggest a potential upside of 35.45% from the company’s current price.

QTWO has been the subject of several other research reports. Royal Bank Of Canada cut their price objective on Q2 from $102.00 to $86.00 and set a “sector perform” rating for the company in a research report on Thursday, November 6th. Wall Street Zen raised shares of Q2 from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Stifel Nicolaus lowered their target price on Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Stephens set a $90.00 price objective on Q2 in a report on Friday, January 16th. Finally, UBS Group set a $90.00 price target on shares of Q2 in a research note on Thursday, November 6th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.80.

Q2 Stock Down 1.2%

Shares of QTWO stock opened at $60.54 on Tuesday. The company has a market capitalization of $3.79 billion, a P/E ratio of 126.12 and a beta of 1.36. Q2 has a 12-month low of $58.57 and a 12-month high of $102.07. The firm has a 50-day moving average price of $70.64 and a 200 day moving average price of $72.68.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32). Q2 had a return on equity of 10.92% and a net margin of 4.12%.The firm had revenue of $201.70 million for the quarter, compared to the consensus estimate of $197.87 million. During the same period in the prior year, the company posted ($0.20) earnings per share. Q2’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, research analysts expect that Q2 will post 0.67 earnings per share for the current year.

Insider Activity

In related news, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $75.46, for a total value of $386,581.58. Following the completion of the transaction, the executive directly owned 166,512 shares of the company’s stock, valued at approximately $12,564,995.52. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $630,627.12. Following the completion of the sale, the insider owned 269,128 shares of the company’s stock, valued at $19,829,351.04. This trade represents a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,883 shares of company stock worth $1,547,778 over the last ninety days. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in shares of Q2 in the second quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Q2 in the 3rd quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new stake in Q2 in the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC acquired a new position in shares of Q2 during the 3rd quarter worth approximately $30,000. Finally, First Horizon Corp acquired a new position in shares of Q2 during the 3rd quarter worth approximately $37,000.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.