Q2 (NYSE:QTWO) PT Raised to $55.00

Q2 (NYSE:QTWOGet Rating) had its target price increased by Stephens to $55.00 in a research note released on Thursday, Stock Target Advisor reports.

Several other research firms also recently weighed in on QTWO. Zacks Investment Research upgraded Q2 from a sell rating to a hold rating in a research note on Tuesday, May 10th. Canaccord Genuity Group dropped their price target on Q2 from $135.00 to $100.00 in a research note on Thursday, February 17th. StockNews.com downgraded Q2 from a hold rating to a sell rating in a research note on Friday, May 13th. Morgan Stanley dropped their price target on Q2 from $80.00 to $70.00 and set an equal weight rating on the stock in a research note on Thursday, February 17th. Finally, Needham & Company LLC dropped their price target on Q2 from $105.00 to $87.00 and set a buy rating on the stock in a research note on Thursday, February 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Q2 has a consensus rating of Hold and an average target price of $81.50.

Shares of QTWO stock opened at $54.33 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a 50 day moving average price of $54.21 and a 200 day moving average price of $65.13. Q2 has a 52-week low of $38.90 and a 52-week high of $108.89.

Q2 (NYSE:QTWOGet Rating) last released its quarterly earnings results on Monday, May 2nd. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Q2 had a negative return on equity of 7.59% and a negative net margin of 21.43%. During the same period in the prior year, the business earned ($0.14) earnings per share. On average, equities analysts anticipate that Q2 will post -0.68 earnings per share for the current fiscal year.

In other Q2 news, SVP Barry G. Benton sold 5,835 shares of the stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $58.76, for a total transaction of $342,864.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew P. Flake sold 53,502 shares of the stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $59.24, for a total value of $3,169,458.48. The disclosure for this sale can be found here. Insiders sold a total of 81,954 shares of company stock valued at $4,840,915 in the last ninety days. 3.50% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in QTWO. Advisor Group Holdings Inc. raised its holdings in shares of Q2 by 8.1% during the third quarter. Advisor Group Holdings Inc. now owns 3,673 shares of the technology company’s stock valued at $295,000 after acquiring an additional 276 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Q2 by 31.2% during the third quarter. Principal Financial Group Inc. now owns 11,473 shares of the technology company’s stock valued at $919,000 after acquiring an additional 2,729 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Q2 by 1.3% during the third quarter. California Public Employees Retirement System now owns 109,871 shares of the technology company’s stock valued at $8,805,000 after acquiring an additional 1,368 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Q2 by 32.4% during the third quarter. Goldman Sachs Group Inc. now owns 230,842 shares of the technology company’s stock valued at $18,500,000 after acquiring an additional 56,477 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Q2 by 2.2% during the third quarter. Geode Capital Management LLC now owns 940,323 shares of the technology company’s stock valued at $75,357,000 after acquiring an additional 19,966 shares during the last quarter.

Q2 Company Profile (Get Rating)

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.

See Also

Analyst Recommendations for Q2 (NYSE:QTWO)

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.