Q2 (QTWO) Expected to Announce Earnings on Wednesday

Q2 (NYSE:QTWO) is projected to announce its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $179.95 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Q2 Price Performance

Shares of NYSE:QTWO opened at $94.21 on Tuesday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $99.95 and a 200 day moving average price of $87.70. Q2 has a 52 week low of $41.23 and a 52 week high of $112.82. The company has a market cap of $5.69 billion, a P/E ratio of -98.13 and a beta of 1.61.

Insider Activity

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, the president now directly owns 337,643 shares in the company, valued at approximately $35,931,968.06. The trade was a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now owns 18,241 shares in the company, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock worth $3,061,035 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on QTWO shares. Royal Bank of Canada lifted their price target on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Piper Sandler boosted their target price on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a report on Wednesday, December 18th. Truist Financial reissued a “buy” rating and set a $100.00 price objective (up previously from $78.00) on shares of Q2 in a report on Thursday, November 7th. Finally, Stifel Nicolaus increased their target price on shares of Q2 from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and an average price target of $98.07.

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.