Q2 Holdings (NYSE:QTWO) has been assigned an average recommendation of “Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $47.67.
Several research analysts recently commented on the stock. ValuEngine upgraded shares of Q2 from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Stifel Nicolaus restated a “buy” rating and set a $50.00 target price on shares of Q2 in a report on Friday, February 16th. Wells Fargo assumed coverage on shares of Q2 in a report on Thursday, February 8th. They set an “outperform” rating and a $50.00 target price for the company. Morgan Stanley increased their target price on shares of Q2 from $44.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday, February 16th. Finally, Needham & Company LLC increased their target price on shares of Q2 from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, February 16th.
QTWO traded up $0.05 during trading hours on Friday, hitting $49.85. 169,900 shares of the company’s stock were exchanged, compared to its average volume of 335,519. Q2 has a 1-year low of $31.95 and a 1-year high of $50.40. The stock has a market capitalization of $2,099.31, a price-to-earnings ratio of -104.17 and a beta of 1.41.
Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 14th. The technology company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. Q2 had a negative net margin of 13.49% and a negative return on equity of 19.34%. The business had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $51.70 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue was up 22.5% on a year-over-year basis. equities research analysts predict that Q2 will post -0.44 EPS for the current year.
In other Q2 news, Director R. H. Seale sold 39,440 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $47.30, for a total value of $1,865,512.00. Following the completion of the sale, the director now owns 380,188 shares in the company, valued at $17,982,892.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Adam D. Blue sold 5,025 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $44.81, for a total transaction of $225,170.25. Following the completion of the sale, the chief technology officer now owns 35,780 shares of the company’s stock, valued at approximately $1,603,301.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 355,963 shares of company stock valued at $15,862,722. Corporate insiders own 24.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Jefferies Group LLC bought a new position in shares of Q2 in the fourth quarter valued at about $201,000. Virtu Financial LLC bought a new position in shares of Q2 in the fourth quarter valued at about $205,000. HBK Investments L P raised its position in shares of Q2 by 65.0% in the fourth quarter. HBK Investments L P now owns 9,900 shares of the technology company’s stock valued at $365,000 after purchasing an additional 3,900 shares during the period. California Public Employees Retirement System bought a new position in shares of Q2 in the third quarter valued at about $367,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Q2 in the fourth quarter valued at about $397,000. Hedge funds and other institutional investors own 90.04% of the company’s stock.
Q2 Company Profile
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.
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