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

by · The Cerbat Gem

Shares of Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) have earned an average 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 recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $97.40.

QTWO has been the subject of several research analyst reports. Wall Street Zen raised shares of Q2 from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Stifel Nicolaus lowered their price objective on shares of Q2 from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Cantor Fitzgerald cut their target price on Q2 from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Royal Bank Of Canada decreased their price target on Q2 from $102.00 to $86.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research note on Wednesday, October 8th.

Check Out Our Latest Stock Analysis on Q2

Q2 Stock Down 0.1%

QTWO stock opened at $72.88 on Friday. The business has a fifty day moving average of $67.81 and a two-hundred day moving average of $77.82. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 151.83 and a beta of 1.37. Q2 has a 52-week low of $58.57 and a 52-week high of $108.51.

Q2 (NYSE:QTWO – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.32). The business had revenue of $201.70 million during the quarter, compared to analyst estimates of $197.87 million. Q2 had a net margin of 4.12% and a return on equity of 10.92%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the company earned ($0.20) EPS. As a group, sell-side analysts anticipate that Q2 will post 0.67 EPS for the current year.

Insider Activity at Q2

In other news, insider Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total value of $630,627.12. Following the completion of the transaction, the insider owned 269,128 shares of the company’s stock, valued at approximately $19,829,351.04. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Himagiri K. Mukkamala sold 3,024 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total transaction of $222,808.32. Following the sale, the chief operating officer directly owned 96,046 shares in the company, valued at approximately $7,076,669.28. The trade was a 3.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 20,883 shares of company stock worth $1,547,778 in the last three months. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Q2

Several institutional investors have recently modified their holdings of QTWO. Headlands Technologies LLC acquired a new stake in shares of Q2 in the second quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in Q2 during the 3rd quarter worth $26,000. Cullen Frost Bankers Inc. purchased a new stake in Q2 during the 3rd quarter worth about $27,000. Salomon & Ludwin LLC acquired a new stake in Q2 in the 3rd quarter valued at about $30,000. Finally, WPG Advisers LLC purchased a new position in shares of Q2 in the 1st quarter valued at about $35,000.

Q2 Company Profile

(Get Free Report)

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.

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