Q2 Holdings, Inc. (NYSE:QTWO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been given a consensus rating of “Moderate Buy” by the sixteen research firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $105.47.

Several research firms have weighed in on QTWO. The Goldman Sachs Group dropped their price target on Q2 from $119.00 to $106.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Robert W. Baird reiterated a “neutral” rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. Citigroup raised their target price on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price on the stock in a research report on Wednesday, December 18th.

Q2 Stock Performance

Shares of QTWO opened at $70.42 on Friday. Q2 has a 12 month low of $49.56 and a 12 month high of $112.82. The stock has a fifty day moving average price of $85.20 and a 200-day moving average price of $90.80. 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 firm has a market cap of $4.28 billion, a PE ratio of -108.33 and a beta of 1.62.

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

Insiders Place Their Bets

In related news, Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the firm’s stock in a transaction on 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 owns 113,278 shares of the company’s stock, valued at approximately $8,396,165.36. This represents a 5.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 193,858 shares of company stock valued at $14,853,965. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Hedge funds have recently made changes to their positions in the business. TCTC Holdings LLC purchased a new position in Q2 in the fourth quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Q2 during the fourth quarter worth approximately $30,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Q2 during the fourth quarter worth approximately $32,000. Quarry LP lifted its stake in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Q2 by 269.6% during the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after acquiring an additional 275 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.