Q2 Holdings, Inc. (NYSE:QTWO) Director Sells $87,960.00 in Stock

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) Director James Offerdahl sold 1,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Q2 Stock Performance

Shares of NYSE QTWO traded up $2.29 during trading hours on Friday, reaching $87.36. The stock had a trading volume of 798,999 shares, compared to its average volume of 693,744. The business's fifty day moving average is $94.99 and its two-hundred day moving average is $89.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $5.31 billion, a price-to-earnings ratio of -134.40 and a beta of 1.61. Q2 Holdings, Inc. has a twelve month low of $44.74 and a twelve month high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, research analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

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Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of QTWO. Proficio Capital Partners LLC acquired a new position in Q2 during the fourth quarter worth $29,000. Quarry LP raised its stake in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after acquiring an additional 336 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Q2 during the fourth quarter worth $30,000. TCTC Holdings LLC acquired a new position in Q2 during the fourth quarter worth $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Q2 during the fourth quarter worth $32,000.

Analysts Set New Price Targets

A number of research firms recently commented on QTWO. Raymond James increased their price objective on Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. The Goldman Sachs Group upped their target price on Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. DA Davidson upped their target price on Q2 from $76.00 to $86.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Stifel Nicolaus upped their target price on Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada upped their target price on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Q2 currently has an average rating of "Moderate Buy" and a consensus price target of $105.27.

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.