Q2 (NYSE:QTWO) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Q2 Holdings, Inc. (NYSE:QTWO) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $55.92 and traded as low as $42.47. Q2 shares last traded at $42.8950, with a volume of 1,173,311 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on QTWO. Stifel Nicolaus set a $70.00 target price on shares of Q2 in a report on Thursday, April 30th. UBS Group set a $77.00 price target on Q2 in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Q2 in a research report on Tuesday, April 21st. Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price on shares of Q2 in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on Q2 from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.27.

Q2 Stock Performance

The firm has a market capitalization of $2.69 billion, a PE ratio of 38.30 and a beta of 1.34. The company has a fifty day moving average price of $47.38 and a 200-day moving average price of $55.83.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The business had revenue of $216.51 million during the quarter, compared to analysts’ expectations of $214.40 million. Q2 had a net margin of 8.99% and a return on equity of 14.68%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. On average, equities analysts predict that Q2 Holdings, Inc. will post 1.57 earnings per share for the current year.

Institutional Trading of Q2

A number of large investors have recently made changes to their positions in QTWO. Pacer Advisors Inc. raised its position in shares of Q2 by 42.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,656 shares of the technology company’s stock valued at $78,000 after buying an additional 495 shares in the last quarter. Optiver Holding B.V. lifted its holdings in shares of Q2 by 1,578.9% in the 1st quarter. Optiver Holding B.V. now owns 638 shares of the technology company’s stock valued at $30,000 after acquiring an additional 600 shares during the last quarter. Cim Investment Management Inc. grew its position in Q2 by 27.7% in the first quarter. Cim Investment Management Inc. now owns 8,425 shares of the technology company’s stock worth $399,000 after acquiring an additional 1,825 shares in the last quarter. Smith Group Asset Management LLC purchased a new position in Q2 in the first quarter worth about $1,422,000. Finally, Amundi increased its stake in Q2 by 23.6% during the first quarter. Amundi now owns 9,003 shares of the technology company’s stock worth $426,000 after acquiring an additional 1,718 shares during the last quarter.

About Q2

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.