Q2 Holdings Inc (QTWO) Receives Average Rating of “Buy” from Brokerages

Shares of Q2 Holdings Inc (NYSE:QTWO) have received an average recommendation of “Buy” from the seventeen analysts that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $62.38.

QTWO has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on Q2 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, November 7th. Craig Hallum set a $70.00 target price on Q2 and gave the stock a “buy” rating in a report on Thursday, August 9th. Needham & Company LLC lifted their target price on Q2 from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $65.00 target price on shares of Q2 in a report on Thursday, August 9th. Finally, Zacks Investment Research downgraded Q2 from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th.

In other news, CRO Christine Petersen sold 6,631 shares of Q2 stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $64.05, for a total value of $424,715.55. Following the completion of the transaction, the executive now directly owns 27,864 shares of the company’s stock, valued at approximately $1,784,689.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Barry G. Benton sold 5,541 shares of Q2 stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $65.73, for a total value of $364,209.93. Following the completion of the transaction, the senior vice president now directly owns 38,140 shares of the company’s stock, valued at $2,506,942.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 280,828 shares of company stock valued at $16,366,997. Corporate insiders own 17.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of QTWO. SG Americas Securities LLC bought a new position in shares of Q2 in the 2nd quarter worth about $132,000. Dynamic Technology Lab Private Ltd bought a new stake in Q2 in the 2nd quarter valued at about $200,000. Brick & Kyle Associates bought a new stake in Q2 in the 2nd quarter valued at about $228,000. Virtu Financial LLC bought a new stake in Q2 in the 3rd quarter valued at about $253,000. Finally, Trexquant Investment LP bought a new stake in Q2 in the 2nd quarter valued at about $267,000. 93.40% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE QTWO traded up $0.87 during mid-day trading on Monday, hitting $54.29. 230,376 shares of the stock traded hands, compared to its average volume of 348,272. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 1.13. Q2 has a twelve month low of $36.25 and a twelve month high of $67.10. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -113.10 and a beta of 1.49.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. The company had revenue of $60.50 million for the quarter, compared to the consensus estimate of $60.18 million. Q2 had a negative return on equity of 12.61% and a negative net margin of 12.88%. Q2’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. On average, research analysts anticipate that Q2 will post -0.5 earnings per share for the current fiscal year.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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Analyst Recommendations for Q2 (NYSE:QTWO)

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