ValuEngine Downgrades Q2 (NYSE:QTWO) to Hold

Q2 (NYSE:QTWO) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

A number of other analysts have also recently weighed in on the stock. Roth Capital raised shares of Q2 from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Canaccord Genuity raised shares of Q2 from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $97.00 in a report on Thursday, September 12th. KeyCorp dropped their target price on shares of Q2 from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Q2 in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada increased their target price on shares of Q2 from $79.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. Q2 has an average rating of “Buy” and an average target price of $85.46.

NYSE QTWO opened at $82.19 on Tuesday. Q2 has a 12 month low of $43.41 and a 12 month high of $93.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 5.93 and a quick ratio of 5.93. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -222.14 and a beta of 1.24. The company’s fifty day moving average price is $75.78 and its two-hundred day moving average price is $78.53.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.22. Q2 had a negative net margin of 22.67% and a negative return on equity of 12.11%. The firm had revenue of $79.70 million for the quarter, compared to the consensus estimate of $79.26 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s revenue was up 31.6% compared to the same quarter last year. As a group, analysts anticipate that Q2 will post -0.72 EPS for the current year.

In related news, CEO Matthew P. Flake sold 25,000 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $79.00, for a total value of $1,975,000.00. Following the sale, the chief executive officer now owns 323,999 shares of the company’s stock, valued at approximately $25,595,921. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director R. H. Seale sold 124,076 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $76.14, for a total transaction of $9,447,146.64. Following the completion of the sale, the director now directly owns 384,817 shares in the company, valued at approximately $29,299,966.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,556 shares of company stock worth $19,805,325. Corporate insiders own 12.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Laurion Capital Management LP bought a new position in shares of Q2 during the 2nd quarter valued at about $3,394,000. Bank of Montreal Can raised its position in shares of Q2 by 37.6% in the second quarter. Bank of Montreal Can now owns 112,391 shares of the technology company’s stock valued at $8,582,000 after purchasing an additional 30,707 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Q2 by 11.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,515 shares of the technology company’s stock worth $198,000 after acquiring an additional 265 shares during the last quarter. Vista Equity Partners Management LLC grew its stake in shares of Q2 by 23.5% in the third quarter. Vista Equity Partners Management LLC now owns 289,205 shares of the technology company’s stock worth $22,810,000 after acquiring an additional 55,054 shares during the last quarter. Finally, Myriad Asset Management Ltd. acquired a new stake in Q2 during the second quarter worth $1,214,000.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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Analyst Recommendations for Q2 (NYSE:QTWO)

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