Q2 Holdings, Inc. (NYSE:QTWO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $55.33.

QTWO has been the subject of a number of research reports. Piper Sandler lifted their target price on Q2 from $47.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Truist Financial reaffirmed a “buy” rating and issued a $65.00 target price (up from $60.00) on shares of Q2 in a research report on Thursday, May 2nd. Robert W. Baird upped their price target on shares of Q2 from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. DA Davidson lifted their price objective on shares of Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, BTIG Research upped their target price on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd.

Q2 Price Performance

Shares of NYSE QTWO opened at $57.63 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -42.69 and a beta of 1.53. Q2 has a twelve month low of $27.17 and a twelve month high of $64.17. The business has a 50 day simple moving average of $57.98 and a 200-day simple moving average of $49.22.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. The company had revenue of $165.51 million for the quarter, compared to analysts’ expectations of $163.58 million. As a group, equities research analysts expect that Q2 will post -0.05 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jeffrey T. Diehl sold 27,248 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $62.51, for a total transaction of $1,703,272.48. Following the completion of the transaction, the director now owns 750,314 shares in the company, valued at approximately $46,902,128.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Q2 news, Director Jeffrey T. Diehl sold 27,248 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $62.51, for a total value of $1,703,272.48. Following the transaction, the director now owns 750,314 shares of the company’s stock, valued at $46,902,128.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Michael A. Volanoski sold 3,440 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $61.07, for a total value of $210,080.80. Following the sale, the executive now directly owns 233,401 shares of the company’s stock, valued at $14,253,799.07. The disclosure for this sale can be found here. Insiders have sold a total of 80,684 shares of company stock valued at $4,888,275 over the last three months. Company insiders own 3.60% of the company’s stock.

Institutional Trading of Q2

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of Q2 by 34.8% in the third quarter. Principal Financial Group Inc. now owns 23,663 shares of the technology company’s stock worth $764,000 after acquiring an additional 6,110 shares in the last quarter. Swiss National Bank raised its stake in Q2 by 1.8% during the 3rd quarter. Swiss National Bank now owns 127,900 shares of the technology company’s stock valued at $4,127,000 after purchasing an additional 2,200 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Q2 by 17.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,042 shares of the technology company’s stock valued at $16,330,000 after purchasing an additional 74,083 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Q2 in the third quarter worth $388,000. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Q2 by 3.1% during the third quarter. Mutual of America Capital Management LLC now owns 50,694 shares of the technology company’s stock valued at $1,636,000 after buying an additional 1,532 shares in 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.