Q2 (QTWO) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Q2 (NYSE:QTWO) from a hold rating to a buy rating in a report released on Monday.

Several other analysts have also weighed in on the company. JPMorgan Chase lowered Q2 from an overweight rating to a neutral rating and set a $50.00 price objective on the stock. in a research note on Tuesday, December 12th. Zacks Investment Research lowered Q2 from a hold rating to a sell rating in a research note on Thursday, February 22nd. Wells Fargo started coverage on Q2 in a research note on Thursday, February 8th. They issued an outperform rating and a $50.00 price objective on the stock. Morgan Stanley raised their price objective on Q2 from $44.00 to $47.00 and gave the company an equal weight rating in a research note on Friday, February 16th. Finally, Needham & Company LLC raised their price objective on Q2 from $48.00 to $50.00 and gave the company a buy rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Q2 has an average rating of Buy and an average target price of $46.58.

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NYSE:QTWO traded up $0.30 during trading hours on Monday, hitting $46.20. The company’s stock had a trading volume of 54,546 shares, compared to its average volume of 344,581. Q2 has a twelve month low of $31.95 and a twelve month high of $48.75.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $51.70 million for the quarter, compared to analyst estimates of $51.70 million. Q2 had a negative return on equity of 19.34% and a negative net margin of 13.49%. Q2’s revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. equities analysts predict that Q2 will post -0.44 EPS for the current fiscal year.

In related news, CEO Matthew P. Flake sold 20,000 shares of Q2 stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $44.89, for a total value of $897,800.00. Following the transaction, the chief executive officer now directly owns 280,008 shares of the company’s stock, valued at $12,569,559.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Adam D. Blue sold 5,025 shares of Q2 stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $44.81, for a total value of $225,170.25. Following the completion of the transaction, the chief technology officer now directly owns 35,780 shares in the company, valued at $1,603,301.80. The disclosure for this sale can be found here. Insiders have sold 355,963 shares of company stock worth $15,862,722 over the last three months. Insiders own 24.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Jefferies Group LLC acquired a new position in shares of Q2 in the fourth quarter worth approximately $201,000. Virtu Financial LLC acquired a new position in shares of Q2 in the fourth quarter worth approximately $205,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Q2 in the third quarter worth approximately $217,000. Sei Investments Co. lifted its stake in shares of Q2 by 77.0% in the third quarter. Sei Investments Co. now owns 6,296 shares of the technology company’s stock worth $262,000 after acquiring an additional 2,739 shares during the period. Finally, HBK Investments L P lifted its stake in shares of Q2 by 65.0% in the fourth quarter. HBK Investments L P now owns 9,900 shares of the technology company’s stock worth $365,000 after acquiring an additional 3,900 shares during the period. 90.04% of the stock is currently owned by institutional investors.

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Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Q2 (NYSE:QTWO)

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