Q2 (NYSE:QTWO) is set to announce its earnings results after the market closes on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.
Shares of Q2 (NYSE:QTWO) opened at $40.70 on Tuesday. The company has a market capitalization of $1,700.00, a PE ratio of -58.99 and a beta of 1.59. Q2 has a 12-month low of $31.25 and a 12-month high of $44.35.
In other news, insider Adam D. Blue sold 30,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.82, for a total transaction of $1,224,600.00. Following the completion of the transaction, the insider now directly owns 50,805 shares in the company, valued at approximately $2,073,860.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John E. Breeden sold 10,000 shares of Q2 stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $43.14, for a total value of $431,400.00. Following the transaction, the executive vice president now owns 64,694 shares in the company, valued at approximately $2,790,899.16. The disclosure for this sale can be found here. Insiders have sold a total of 941,511 shares of company stock valued at $38,818,440 over the last 90 days. Corporate insiders own 24.50% of the company’s stock.
A number of analysts recently commented on QTWO shares. BidaskClub lowered Q2 from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Zacks Investment Research upgraded Q2 from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Canaccord Genuity reiterated a “hold” rating and issued a $43.00 price objective on shares of Q2 in a research report on Monday, October 30th. Loop Capital lifted their price objective on Q2 from $42.00 to $49.00 and gave the stock a “positive” rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 price objective (up from $43.00) on shares of Q2 in a research report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Q2 has a consensus rating of “Buy” and an average target price of $45.36.
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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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