Q2 Holdings, Inc. (NYSE:QTWO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $75.2727.

Several analysts recently issued reports on the company. Truist Financial decreased their target price on Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Morgan Stanley set a $63.00 price target on Q2 in a research note on Thursday, April 30th. UBS Group set a $77.00 price objective on shares of Q2 in a research report on Thursday, April 30th. DA Davidson reissued a “buy” rating and issued a $82.00 target price on shares of Q2 in a report on Monday, May 4th. Finally, Zacks Research lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th.

Q2 Stock Performance

QTWO stock opened at $45.16 on Monday. The business’s 50-day moving average is $48.94 and its two-hundred day moving average is $59.80. Q2 has a fifty-two week low of $44.46 and a fifty-two week high of $96.68. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 40.32 and a beta of 1.39.

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

Insider Buying and Selling at Q2

In related news, CFO Jonathan Price sold 32,156 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $49.75, for a total transaction of $1,599,761.00. Following the completion of the transaction, the chief financial officer directly owned 197,135 shares of the company’s stock, valued at approximately $9,807,466.25. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kimberly Anne Rutledge sold 20,948 shares of Q2 stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $51.66, for a total value of $1,082,173.68. Following the completion of the sale, the insider directly owned 88,078 shares in the company, valued at approximately $4,550,109.48. The trade was a 19.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 411,484 shares of company stock worth $20,720,329. Insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Q2

Several large investors have recently bought and sold shares of QTWO. Capital Research Global Investors lifted its position in Q2 by 86.2% during the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock valued at $226,658,000 after purchasing an additional 1,454,076 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Q2 by 13.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,912,306 shares of the technology company’s stock worth $572,772,000 after buying an additional 941,672 shares during the last quarter. North Reef Capital Management LP raised its position in shares of Q2 by 101.1% during the 3rd quarter. North Reef Capital Management LP now owns 1,690,000 shares of the technology company’s stock valued at $122,339,000 after buying an additional 849,480 shares in the last quarter. UBS Group AG lifted its holdings in shares of Q2 by 343.5% in the 3rd quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock valued at $73,110,000 after acquiring an additional 782,220 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Q2 by 119.0% in the first quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company’s stock worth $57,253,000 after acquiring an additional 657,707 shares in 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.