Q2 (QTWO) to Release Earnings on Wednesday

Q2 (NYSE:QTWO) will likely be releasing its earnings data after the market closes on Wednesday, February 12th. Analysts expect Q2 to post earnings of $0.48 per share and revenue of $179.95 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Q2 Trading Up 2.8 %

Shares of QTWO stock opened at $96.00 on Friday. The company has a 50-day moving average of $100.34 and a two-hundred day moving average of $87.20. The firm has a market cap of $5.80 billion, a PE ratio of -99.99 and a beta of 1.61. Q2 has a 1-year low of $41.19 and a 1-year high of $112.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price on the stock in a report on Wednesday, December 18th. Truist Financial reissued a “buy” rating and set a $100.00 target price (up previously from $78.00) on shares of Q2 in a research report on Thursday, November 7th. Compass Point boosted their target price on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Citigroup downgraded shares of Q2 from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $72.00 to $90.00 in a research report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.07.

Insider Buying and Selling

In other news, CRO Michael A. Volanoski sold 4,178 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the transaction, the executive now directly owns 223,494 shares of the company’s stock, valued at $23,690,364. This trade represents a 1.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, the president now owns 337,643 shares in the company, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock worth $3,061,035 in the last quarter. Company insiders own 3.00% of the company’s stock.

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.