Q2 Holdings, Inc. (NYSE:QTWO) Given Average Rating of “Moderate Buy” by Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $48.20.

A number of research analysts have commented on the stock. Canaccord Genuity Group raised their price target on shares of Q2 from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. DA Davidson lifted their target price on shares of Q2 from $48.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Truist Financial reiterated a “buy” rating and issued a $60.00 target price (up previously from $50.00) on shares of Q2 in a research note on Friday, April 19th. TheStreet upgraded shares of Q2 from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Finally, Stifel Nicolaus lifted their target price on shares of Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday.

Insider Buying and Selling at Q2

In other Q2 news, CEO Matthew P. Flake sold 45,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $41.09, for a total transaction of $1,849,050.00. Following the completion of the sale, the chief executive officer now owns 473,411 shares in the company, valued at approximately $19,452,457.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Q2 news, CEO Matthew P. Flake sold 46,937 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $42.20, for a total transaction of $1,980,741.40. Following the completion of the sale, the chief executive officer now owns 473,411 shares in the company, valued at approximately $19,977,944.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 45,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $41.09, for a total transaction of $1,849,050.00. Following the sale, the chief executive officer now owns 473,411 shares of the company’s stock, valued at approximately $19,452,457.99. The disclosure for this sale can be found here. In the last 90 days, insiders sold 337,639 shares of company stock worth $14,994,784. Insiders own 3.60% of the company’s stock.

Institutional Trading of Q2

A number of large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Q2 by 2.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 622,640 shares of the technology company’s stock valued at $32,726,000 after buying an additional 16,472 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Q2 in the 1st quarter valued at $435,000. Raymond James & Associates increased its position in shares of Q2 by 25.7% in the 1st quarter. Raymond James & Associates now owns 106,692 shares of the technology company’s stock valued at $5,608,000 after buying an additional 21,802 shares in the last quarter. Accel Wealth Management bought a new stake in shares of Q2 in the 1st quarter valued at $220,000. Finally, Wasatch Advisors LP increased its position in shares of Q2 by 10.8% in the 1st quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock valued at $214,386,000 after buying an additional 398,871 shares in the last quarter.

Q2 Stock Down 1.7 %

Shares of QTWO opened at $52.89 on Friday. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of -46.81 and a beta of 1.49. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.09. Q2 has a 12 month low of $21.21 and a 12 month high of $54.50. The company has a 50-day moving average price of $49.47 and a two-hundred day moving average price of $42.22.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. The firm had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $161.31 million. Q2 had a negative net margin of 10.47% and a negative return on equity of 6.75%. Equities analysts predict that Q2 will post -0.05 EPS for the current fiscal year.

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.