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

Q2 Holdings, Inc. (NYSE:QTWO) has earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $105.27.

Several equities research analysts recently weighed in on QTWO shares. Stifel Nicolaus upped their price objective on shares of Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Citigroup upped their price target on shares of Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Stephens reissued an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a research note on Thursday, February 13th. Truist Financial restated a “buy” rating and set a $110.00 target price (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Finally, KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a research note on Wednesday, December 18th.

Q2 Stock Down 1.5 %

Shares of QTWO opened at $76.07 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $4.62 billion, a PE ratio of -117.02 and a beta of 1.62. The firm’s 50 day moving average is $88.90 and its 200-day moving average is $90.30. Q2 has a 12 month low of $46.50 and a 12 month high of $112.82.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Equities research analysts forecast that Q2 will post 0.67 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jonathan Price sold 42,652 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the completion of the transaction, the chief financial officer now directly owns 209,378 shares of the company’s stock, valued at $15,571,441.86. This trade represents a 16.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the transaction, the insider now directly owns 113,278 shares in the company, valued at $8,396,165.36. The trade was a 5.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,835 shares of company stock worth $11,959,517 in the last ninety days. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QTWO. William Blair Investment Management LLC acquired a new stake in Q2 during the 4th quarter worth about $202,645,000. State Street Corp increased its holdings in Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares in the last quarter. Capital Research Global Investors lifted its stake in Q2 by 11.2% in the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after buying an additional 152,872 shares during the period. Geode Capital Management LLC lifted its stake in Q2 by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after buying an additional 36,025 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after buying an additional 698,464 shares in the last quarter.

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.