Q2 Holdings, Inc. (NYSE:QTWO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $102.13.

A number of brokerages have weighed in on QTWO. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research report on Wednesday, December 18th. Morgan Stanley raised their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group increased their target price on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Compass Point lifted their price target on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Insider Activity

In other Q2 news, CRO Michael A. Volanoski sold 4,178 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the sale, the executive now owns 223,494 shares in the company, valued at $23,690,364. This trade represents a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Offerdahl sold 548 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the transaction, the director now owns 18,241 shares of the company’s stock, valued at $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Q2

A number of hedge funds have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock worth $115,000 after acquiring an additional 961 shares during the last quarter. Creative Planning lifted its stake in Q2 by 62.5% in the third quarter. Creative Planning now owns 19,834 shares of the technology company’s stock worth $1,582,000 after purchasing an additional 7,631 shares during the last quarter. nVerses Capital LLC boosted its position in Q2 by 26.7% during the third quarter. nVerses Capital LLC now owns 3,800 shares of the technology company’s stock valued at $303,000 after buying an additional 800 shares during the period. Raymond James & Associates grew its stake in shares of Q2 by 17.9% during the third quarter. Raymond James & Associates now owns 128,654 shares of the technology company’s stock valued at $10,263,000 after buying an additional 19,495 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after buying an additional 1,812 shares during the period.

Q2 Trading Down 1.7 %

Shares of QTWO stock opened at $91.26 on Friday. Q2 has a 12-month low of $41.23 and a 12-month high of $112.82. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $98.66 and a 200-day moving average of $88.12. The firm has a market cap of $5.51 billion, a P/E ratio of -95.06 and a beta of 1.61.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 8.40% and a negative return on equity of 2.30%. Sell-side analysts anticipate that Q2 will post 0.08 earnings per share for the current year.

About Q2

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.