Q2 (NYSE:QTWO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Q2 (NYSE:QTWO) from a hold rating to a buy rating in a report released on Saturday.

A number of other research firms have also recently issued reports on QTWO. DA Davidson reissued a “buy” rating and set a $82.00 price objective on shares of Q2 in a research report on Thursday, July 23rd. Morgan Stanley boosted their price target on Q2 from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday. Stifel Nicolaus increased their price objective on Q2 from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research report on Friday, July 17th. Finally, Robert W. Baird set a $74.00 target price on shares of Q2 in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

Q2 Stock Up 2.6%

QTWO stock opened at $62.45 on Friday. Q2 has a 12-month low of $40.79 and a 12-month high of $85.19. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 44.61 and a beta of 1.30. The company has a 50 day moving average of $49.89 and a two-hundred day moving average of $51.33.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Q2 had a net margin of 10.87% and a return on equity of 17.04%. The company had revenue of $219.77 million during the quarter, compared to analyst estimates of $216.86 million. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, research analysts anticipate that Q2 will post 1.73 EPS for the current year.

Institutional Trading of Q2

Several large investors have recently made changes to their positions in QTWO. Headlands Technologies LLC bought a new position in shares of Q2 in the 2nd quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC bought a new stake in Q2 during the third quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Q2 during the fourth quarter worth approximately $27,000. Root Financial Partners LLC bought a new stake in Q2 during the first quarter worth approximately $25,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Q2 by 592.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after purchasing an additional 539 shares during the last quarter.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.