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

Q2 Holdings, Inc. (NYSE:QTWO) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $48.20.

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday. Needham & Company LLC lifted their price objective on shares of Q2 from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Truist Financial reissued a “buy” rating and issued a $60.00 price objective (up from $50.00) on shares of Q2 in a research note on Friday, April 19th. Canaccord Genuity Group lifted their price objective on shares of Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Piper Sandler raised their target price on shares of Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd.

Insider Transactions at Q2

In other news, CEO Matthew P. Flake sold 46,937 shares of Q2 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 transaction, the chief executive officer now owns 473,411 shares in the company, valued at $19,977,944.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Matthew P. Flake sold 46,937 shares of Q2 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 transaction, the chief executive officer now owns 473,411 shares in the company, valued at $19,977,944.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director R. H. Seale sold 9,000 shares of Q2 stock in a transaction on Friday, April 19th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the transaction, the director now owns 363,754 shares in the company, valued at approximately $18,224,075.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 337,639 shares of company stock worth $14,994,784. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Q2

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Natixis Advisors L.P. lifted its holdings in Q2 by 1.6% in the fourth quarter. Natixis Advisors L.P. now owns 16,188 shares of the technology company’s stock valued at $702,000 after buying an additional 259 shares during the period. Contravisory Investment Management Inc. lifted its holdings in Q2 by 4.4% in the first quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company’s stock valued at $377,000 after buying an additional 304 shares during the period. Arizona State Retirement System lifted its holdings in Q2 by 2.2% in the third quarter. Arizona State Retirement System now owns 16,570 shares of the technology company’s stock valued at $535,000 after buying an additional 352 shares during the period. Diversified Trust Co lifted its holdings in Q2 by 2.7% in the fourth quarter. Diversified Trust Co now owns 13,670 shares of the technology company’s stock valued at $593,000 after buying an additional 363 shares during the period. Finally, MCF Advisors LLC lifted its holdings in Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after buying an additional 374 shares during the period.

Q2 Stock Down 1.7 %

Shares of QTWO opened at $52.89 on Friday. Q2 has a 12 month low of $21.21 and a 12 month high of $54.50. The firm’s 50 day moving average is $49.47 and its 200-day moving average is $42.22. The stock has a market capitalization of $3.12 billion, a PE ratio of -46.81 and a beta of 1.49. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.09.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $162.12 million for 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 research analysts forecast that Q2 will post -0.05 EPS for the current 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.