Q2 Holdings, Inc. (NYSE:QTWO) Receives $97.40 Consensus Target Price from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $95.3571.

QTWO has been the topic of a number of analyst reports. Royal Bank Of Canada cut their price objective on shares of Q2 from $102.00 to $86.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 6th. Needham & Company LLC cut their price target on shares of Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Cantor Fitzgerald decreased their price objective on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Zacks Research upgraded Q2 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. cut their target price on Q2 from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 24th.

Q2 Price Performance

Shares of QTWO stock opened at $75.45 on Friday. Q2 has a 1 year low of $58.57 and a 1 year high of $106.00. The stock’s 50 day simple moving average is $68.24 and its two-hundred day simple moving average is $77.77. The company has a market cap of $4.72 billion, a PE ratio of 157.19 and a beta of 1.37.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). Q2 had a return on equity of 10.92% and a net margin of 4.12%.The company had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $197.87 million. During the same quarter last year, the firm posted ($0.20) EPS. Q2’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities research analysts expect that Q2 will post 0.67 EPS for the current year.

Insider Buying and Selling at Q2

In other news, CRO Michael A. Volanoski sold 5,123 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $75.46, for a total value of $386,581.58. Following the transaction, the executive directly owned 166,512 shares in the company, valued at approximately $12,564,995.52. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Himagiri K. Mukkamala sold 3,024 shares of Q2 stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $222,808.32. Following the sale, the chief operating officer owned 96,046 shares of the company’s stock, valued at $7,076,669.28. The trade was a 3.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,883 shares of company stock valued at $1,547,778 in the last quarter. 0.31% of the stock is owned by insiders.

Institutional Trading of Q2

Institutional investors and hedge funds have recently modified their holdings of the stock. Dakota Wealth Management boosted its stake in shares of Q2 by 3.8% in the second quarter. Dakota Wealth Management now owns 3,350 shares of the technology company’s stock worth $314,000 after buying an additional 123 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Q2 by 18.1% in the second quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock valued at $94,000 after acquiring an additional 154 shares during the period. ANB Bank boosted its position in Q2 by 7.1% in the 2nd quarter. ANB Bank now owns 2,710 shares of the technology company’s stock worth $254,000 after purchasing an additional 179 shares in the last quarter. Hilltop National Bank boosted its position in Q2 by 9.8% in the 3rd quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock worth $150,000 after purchasing an additional 185 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its stake in shares of Q2 by 1.1% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 16,687 shares of the technology company’s stock worth $1,335,000 after purchasing an additional 188 shares during the period.

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.