Q2 Holdings Inc (NYSE:QTWO)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a research report issued on Friday, May 5th. They currently have a $44.00 target price on the technology company’s stock, up from their prior target price of $42.00. Needham & Company LLC’s price objective would indicate a potential upside of 12.39% from the stock’s current price.
Several other research analysts have also recently commented on the company. BTIG Research raised Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Friday, May 5th. Canaccord Genuity reissued a “buy” rating and set a $43.00 target price on shares of Q2 Holdings in a research note on Friday, May 5th. Zacks Investment Research cut Q2 Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, February 23rd. Craig Hallum set a $45.00 price objective on Q2 Holdings and gave the stock a “buy” rating in a research report on Friday, February 17th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 price objective on shares of Q2 Holdings in a research report on Wednesday, February 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $39.86.
Q2 Holdings (NYSE:QTWO) last released its earnings results on Wednesday, May 3rd. The technology company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. Q2 Holdings had a negative return on equity of 24.27% and a negative net margin of 26.91%. The firm had revenue of $44.50 million during the quarter, compared to analysts’ expectations of $44.37 million. During the same period in the previous year, the firm posted ($271.00) EPS. Q2 Holdings’s revenue for the quarter was up 31.7% on a year-over-year basis.
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In other news, insider Adam D. Anderson sold 25,000 shares of the business’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $35.69, for a total value of $892,250.00. Following the completion of the sale, the insider now directly owns 53,305 shares of the company’s stock, valued at approximately $1,902,455.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Barry G. Benton sold 3,525 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $35.72, for a total value of $125,913.00. Following the completion of the sale, the senior vice president now directly owns 14,016 shares of the company’s stock, valued at $500,651.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 951,612 shares of company stock valued at $33,660,920. Insiders own 38.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Osterweis Capital Management Inc. increased its stake in Q2 Holdings by 76.0% in the fourth quarter. Osterweis Capital Management Inc. now owns 143,965 shares of the technology company’s stock valued at $4,153,000 after buying an additional 62,165 shares during the last quarter. Nicholas Co. Inc. WI increased its stake in Q2 Holdings by 1.0% in the fourth quarter. Nicholas Co. Inc. WI now owns 148,930 shares of the technology company’s stock valued at $4,296,000 after buying an additional 1,415 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Q2 Holdings during the fourth quarter valued at approximately $331,000. Axiom International Investors LLC DE increased its stake in Q2 Holdings by 105.2% in the fourth quarter. Axiom International Investors LLC DE now owns 104,463 shares of the technology company’s stock valued at $3,014,000 after buying an additional 53,544 shares in the last quarter. Finally, Elkfork Partners LLC bought a new stake in Q2 Holdings during the fourth quarter valued at approximately $911,000. 93.68% of the stock is owned by institutional investors and hedge funds.
About Q2 Holdings
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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