Q2 Holdings Inc (NYSE:QTWO) Receives $84.81 Average Price Target from Analysts

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Q2 Holdings Inc (NYSE:QTWO) has been given an average rating of “Buy” by the twenty-one research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $85.37.

A number of analysts recently issued reports on QTWO shares. KeyCorp reduced their price objective on Q2 from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. BTIG Research raised Q2 from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Monday, November 11th. Citigroup started coverage on Q2 in a research report on Monday, October 14th. They set a “buy” rating and a $88.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and set a $90.00 price objective on shares of Q2 in a research report on Monday, October 28th. Finally, Compass Point started coverage on Q2 in a research report on Tuesday, August 13th. They set a “buy” rating and a $105.00 price objective for the company.

In other Q2 news, CTO Adam D. Blue sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $88.65, for a total value of $886,500.00. Following the completion of the sale, the chief technology officer now owns 78,866 shares of the company’s stock, valued at $6,991,470.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director R. H. Seale sold 124,076 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $76.14, for a total value of $9,447,146.64. Following the completion of the sale, the director now directly owns 384,817 shares of the company’s stock, valued at approximately $29,299,966.38. The disclosure for this sale can be found here. Insiders sold 275,326 shares of company stock valued at $21,984,172 in the last ninety days. Insiders own 12.80% of the company’s stock.

Large investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC lifted 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 worth $29,000 after buying an additional 155 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Q2 in the second quarter worth about $42,000. Steelhead Partners LLC acquired a new position in shares of Q2 during the 2nd quarter worth about $137,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Q2 by 11.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,515 shares of the technology company’s stock worth $198,000 after purchasing an additional 265 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Q2 by 6.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,817 shares of the technology company’s stock worth $217,000 after purchasing an additional 173 shares during the last quarter.

Shares of QTWO stock traded up $0.95 on Monday, reaching $78.50. 258,361 shares of the company’s stock traded hands, compared to its average volume of 554,987. Q2 has a 12-month low of $43.41 and a 12-month high of $93.63. The company has a debt-to-equity ratio of 1.18, a quick ratio of 5.93 and a current ratio of 5.93. The company has a market capitalization of $3.64 billion, a P/E ratio of -212.16 and a beta of 1.24. The business’s 50 day moving average price is $73.53 and its two-hundred day moving average price is $77.64.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.22. Q2 had a negative return on equity of 12.11% and a negative net margin of 22.67%. The business had revenue of $79.70 million for the quarter, compared to the consensus estimate of $79.26 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. Q2’s revenue for the quarter was up 31.6% compared to the same quarter last year. Research analysts predict that Q2 will post -0.72 earnings per share for the current year.

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 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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