Q2 (NYSE:QTWO) Sets New 1-Year Low After Analyst Downgrade

Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $80.00 to $60.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Q2 traded as low as $42.05 and last traded at $42.8050, with a volume of 35125 shares changing hands. The stock had previously closed at $42.85.

A number of other research analysts have also weighed in on QTWO. Wall Street Zen lowered shares of Q2 from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research lowered Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Stifel Nicolaus set a $70.00 price objective on Q2 in a research report on Thursday, April 30th. UBS Group set a $77.00 target price on Q2 in a research note on Thursday, April 30th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $82.00 target price on shares of Q2 in a report on Monday, June 1st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.45.

Get Q2 alerts:

View Our Latest Stock Report on Q2

Hedge Funds Weigh In On Q2

Large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Q2 during the 2nd quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Q2 in the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in Q2 in the fourth quarter worth $27,000. Root Financial Partners LLC bought a new position in Q2 in the first quarter worth $25,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Q2 by 592.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock worth $59,000 after buying an additional 539 shares in the last quarter.

Q2 Price Performance

The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 37.65 and a beta of 1.34. The stock’s 50 day simple moving average is $47.38 and its two-hundred day simple moving average is $55.71.

Q2 (NYSE:QTWO – Get Free Report) last announced its quarterly earnings data 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). Q2 had a net margin of 8.99% and a return on equity of 14.68%. The business had revenue of $216.51 million during the quarter, compared to analyst estimates of $214.40 million. During the same quarter in the prior year, the company posted $0.07 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, analysts predict that Q2 Holdings, Inc. will post 1.57 earnings per share for the current year.

Q2 Company Profile

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Q2
• These 3 Bitcoin Miner Stocks Are Riding the AI Data Center Boom
• Why Penguin Solutions Is Rallying as AI Data Centers Scale
• SpaceX’s Historic IPO Has Already Sparked a 2X ETF Frenzy
• Cheesecake Factory Stock Is Up Over 50%—Is There Room for More CAKE?

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.