Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) PT at $45.33

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned an average rating of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $45.33.

A number of analysts have recently weighed in on the company. Robert W. Baird upped their target price on Q2 from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Stifel Nicolaus upped their price objective on Q2 from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Canaccord Genuity Group upped their price objective on Q2 from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. TheStreet upgraded Q2 from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Finally, Needham & Company LLC upped their price objective on Q2 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd.

Insider Buying and Selling

In related news, Director R. H. Seale sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the sale, the director now owns 363,754 shares of the company’s stock, valued at $18,224,075.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Q2 news, CEO Matthew P. Flake sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $41.09, for a total value of $1,849,050.00. Following the completion of the sale, the chief executive officer now owns 473,411 shares of the company’s stock, valued at $19,452,457.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R. H. Seale sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $50.10, for a total value of $450,900.00. Following the completion of the sale, the director now directly owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The disclosure for this sale can be found here. Insiders sold 337,639 shares of company stock valued at $14,994,784 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC lifted its holdings in shares of Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after purchasing an additional 374 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Q2 by 2,582.4% in the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock valued at $40,000 after purchasing an additional 878 shares in the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of Q2 by 193.7% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after purchasing an additional 738 shares in the last quarter. RiverPark Advisors LLC lifted its holdings in shares of Q2 by 261.0% in the fourth quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock valued at $58,000 after purchasing an additional 963 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Q2 in the third quarter valued at approximately $97,000.

Q2 Trading Up 3.2 %

Shares of Q2 stock opened at $53.39 on Friday. Q2 has a 12-month low of $21.21 and a 12-month high of $53.96. The stock has a market cap of $3.15 billion, a P/E ratio of -47.25 and a beta of 1.49. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $49.09 and its 200-day moving average is $42.06.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. The business had revenue of $162.12 million for the quarter, compared to analyst estimates of $161.31 million. Equities research analysts predict that Q2 will post -0.05 earnings per share for the current fiscal year.

About Q2

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.