Q2 Holdings, Inc. (NYSE:QTWO) Receives $73.45 Average Price Target from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $73.4545.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Q2 from $80.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, June 22nd. DA Davidson restated a “buy” rating and set a $82.00 price target on shares of Q2 in a research report on Thursday, July 23rd. UBS Group set a $77.00 price objective on Q2 in a research note on Thursday, April 30th. Wall Street Zen downgraded Q2 from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Stifel Nicolaus set a $70.00 target price on Q2 in a research note on Thursday, April 30th.

Q2 Price Performance

Shares of QTWO stock opened at $58.07 on Friday. Q2 has a 1-year low of $40.79 and a 1-year high of $92.66. The firm has a market cap of $3.63 billion, a PE ratio of 51.85 and a beta of 1.33. The company has a 50-day moving average of $48.51 and a two-hundred day moving average of $51.66.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The company had revenue of $216.51 million during the quarter, compared to analysts’ expectations of $214.40 million. Q2 had a net margin of 8.99% and a return on equity of 14.68%. Q2’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $0.07 earnings per share. Sell-side analysts anticipate that Q2 will post 1.64 EPS for the current fiscal year.

Institutional Trading of Q2

Several hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System boosted its stake in shares of Q2 by 0.3% in the second quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock valued at $5,226,000 after purchasing an additional 194 shares during the period. Maryland State Retirement & Pension System increased its stake in Q2 by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 9,174 shares of the technology company’s stock worth $662,000 after buying an additional 197 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Q2 by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,300 shares of the technology company’s stock worth $1,032,000 after buying an additional 200 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Q2 by 35.0% during the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock worth $68,000 after buying an additional 220 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Q2 in the 2nd quarter valued at approximately $26,000.

About Q2

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.