Q2 Holdings, Inc. (NYSE:QTWO) Receives $72.38 Consensus Price Target from Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $72.38.

A number of analysts recently issued reports on QTWO shares. Compass Point started coverage on shares of Q2 in a research report on Wednesday, September 4th. They set a “buy” rating and a $91.00 target price for the company. Royal Bank of Canada increased their target price on shares of Q2 from $60.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Stifel Nicolaus increased their price objective on shares of Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $78.00 price objective (up previously from $68.00) on shares of Q2 in a research report on Thursday, August 1st. Finally, Needham & Company LLC increased their price objective on shares of Q2 from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.

Q2 Trading Up 2.3 %

Shares of QTWO stock opened at $81.55 on Wednesday. The firm has a market cap of $4.90 billion, a P/E ratio of -60.41 and a beta of 1.58. Q2 has a 1-year low of $28.91 and a 1-year high of $82.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44. The firm’s 50-day simple moving average is $71.17 and its 200-day simple moving average is $61.80.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The company had revenue of $172.89 million for the quarter, compared to analysts’ expectations of $170.67 million. Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. As a group, equities analysts forecast that Q2 will post -0.01 EPS for the current year.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the sale, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the sale, the executive now directly owns 227,672 shares in the company, valued at $16,376,446.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Price sold 11,000 shares of Q2 stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $60.00, for a total transaction of $660,000.00. Following the sale, the executive vice president now owns 226,079 shares in the company, valued at $13,564,740. The disclosure for this sale can be found here. Insiders have sold 54,916 shares of company stock worth $3,896,644 over the last ninety days. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Q2

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP raised its stake in shares of Q2 by 10.8% during the first quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock valued at $214,386,000 after purchasing an additional 398,871 shares in the last quarter. Brown Capital Management LLC grew its holdings in Q2 by 0.4% during the first quarter. Brown Capital Management LLC now owns 2,565,647 shares of the technology company’s stock worth $134,850,000 after acquiring an additional 11,000 shares during the period. Conestoga Capital Advisors LLC grew its holdings in Q2 by 2.5% during the second quarter. Conestoga Capital Advisors LLC now owns 2,273,894 shares of the technology company’s stock worth $137,184,000 after acquiring an additional 54,970 shares during the period. Jennison Associates LLC grew its holdings in Q2 by 14.6% during the first quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after acquiring an additional 235,582 shares during the period. Finally, Hood River Capital Management LLC grew its holdings in Q2 by 5.7% during the second quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock worth $76,132,000 after acquiring an additional 67,757 shares during the period.

Q2 Company Profile

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.