Q2 (NYSE:QTWO) Price Target Cut to $90.00 by Analysts at Needham & Company LLC

Q2 (NYSE:QTWO) had its price target lowered by Needham & Company LLC from $115.00 to $90.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other brokerages have also recently weighed in on QTWO. JPMorgan Chase & Co. dropped their price target on shares of Q2 from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a research note on Wednesday, October 8th. Zacks Research downgraded Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Stifel Nicolaus cut their price target on Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada upped their price target on Q2 from $101.00 to $102.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $96.69.

Q2 Stock Up 14.9%

Q2 stock opened at $70.23 on Thursday. Q2 has a 52-week low of $58.57 and a 52-week high of $112.82. The company has a market cap of $4.39 billion, a P/E ratio of 146.31 and a beta of 1.48. The business has a 50-day simple moving average of $70.30 and a two-hundred day simple moving average of $80.29.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32). The business had revenue of $201.70 million during the quarter, compared to the consensus estimate of $197.87 million. Q2 had a return on equity of 11.29% and a net margin of 4.12%.Q2’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.20) EPS. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts anticipate that Q2 will post 0.67 EPS for the current fiscal year.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 786 shares of Q2 stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total transaction of $58,281.90. Following the sale, the director owned 17,792 shares in the company, valued at $1,319,276.80. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John E. Breeden sold 6,105 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $75.27, for a total transaction of $459,523.35. Following the completion of the transaction, the insider directly owned 149,643 shares in the company, valued at $11,263,628.61. This trade represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,499 shares of company stock valued at $650,658 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Institutional Trading of Q2

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its position in shares of Q2 by 4.8% during the second quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company’s stock valued at $262,390,000 after purchasing an additional 128,387 shares in the last quarter. Wasatch Advisors LP boosted its stake in Q2 by 1.2% during the second quarter. Wasatch Advisors LP now owns 2,098,037 shares of the technology company’s stock valued at $196,355,000 after buying an additional 25,493 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Q2 by 11.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,039,416 shares of the technology company’s stock valued at $147,633,000 after buying an additional 213,415 shares in the last quarter. Geode Capital Management LLC increased its stake in Q2 by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,470,279 shares of the technology company’s stock worth $137,620,000 after acquiring an additional 26,858 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Q2 by 3.1% in the 2nd quarter. Jennison Associates LLC now owns 1,342,772 shares of the technology company’s stock worth $125,670,000 after acquiring an additional 41,000 shares during the last quarter.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.