Q2 (NYSE:QTWO) Research Coverage Started at Compass Point

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Compass Point began coverage on shares of Q2 (NYSE:QTWO) in a research report released on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $105.00 price objective on the technology company’s stock.

Several other brokerages have also issued reports on QTWO. Royal Bank of Canada increased their price objective on Q2 from $79.00 to $94.00 and gave the stock an outperform rating in a report on Thursday, August 8th. BTIG Research reiterated a hold rating on shares of Q2 in a report on Sunday, August 11th. Zacks Investment Research upgraded Q2 from a sell rating to a hold rating in a report on Saturday, August 10th. Craig Hallum reiterated a buy rating and set a $85.00 price objective (up from $80.00) on shares of Q2 in a report on Thursday, May 9th. Finally, SunTrust Banks increased their price objective on Q2 from $84.00 to $100.00 and gave the stock a buy rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Q2 currently has an average rating of Buy and an average target price of $79.75.

QTWO opened at $90.71 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 6.72 and a debt-to-equity ratio of 1.14. Q2 has a 12-month low of $43.41 and a 12-month high of $91.09. The stock has a fifty day moving average of $80.08 and a 200-day moving average of $72.54. The firm has a market capitalization of $4.27 billion, a P/E ratio of -245.16 and a beta of 1.38.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.01. Q2 had a negative return on equity of 13.40% and a negative net margin of 20.73%. The business had revenue of $77.60 million during the quarter, compared to analyst estimates of $76.10 million. During the same period last year, the company earned $0.01 earnings per share. Q2’s quarterly revenue was up 32.0% compared to the same quarter last year. On average, analysts expect that Q2 will post -0.65 earnings per share for the current fiscal year.

In other Q2 news, Director James Offerdahl sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $73.40, for a total transaction of $146,800.00. Following the transaction, the director now directly owns 6,433 shares in the company, valued at $472,182.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Odus Edward Wittenburg, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $80.61, for a total value of $1,209,150.00. Following the transaction, the executive vice president now owns 121,173 shares in the company, valued at $9,767,755.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 480,537 shares of company stock worth $35,941,718. Corporate insiders own 12.80% of the company’s stock.

Several large investors have recently modified their holdings of QTWO. Valeo Financial Advisors LLC grew its position in shares of Q2 by 67.4% in the second quarter. Valeo Financial Advisors LLC now owns 385 shares of the technology company’s stock valued at $29,000 after purchasing an additional 155 shares during the last quarter. Tortoise Index Solutions LLC acquired a new stake in shares of Q2 in the first quarter valued at about $39,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Q2 in the second quarter valued at about $42,000. Pearl River Capital LLC acquired a new stake in shares of Q2 in the first quarter valued at about $76,000. Finally, Marshall Wace North America L.P. grew its position in shares of Q2 by 82.2% in the first quarter. Marshall Wace North America L.P. now owns 1,800 shares of the technology company’s stock valued at $125,000 after purchasing an additional 812 shares during the last quarter. 99.30% of the stock is currently owned by institutional investors.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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Analyst Recommendations for Q2 (NYSE:QTWO)

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