Q2 Holdings, Inc. (NYSE:QTWO) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $90.79.

Several brokerages recently issued reports on QTWO. Stephens increased their target price on shares of Q2 from $75.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday. DA Davidson reissued a "neutral" rating and set a $76.00 price objective on shares of Q2 in a research report on Monday, September 30th. Citigroup downgraded Q2 from a "buy" rating to a "neutral" rating and raised their target price for the company from $72.00 to $90.00 in a research note on Friday, October 18th. Needham & Company LLC upped their price target on Q2 from $90.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Morgan Stanley raised their price objective on Q2 from $65.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday.

Q2 Trading Up 12.9 %

Shares of QTWO stock traded up $11.67 during mid-day trading on Thursday, hitting $102.17. The company's stock had a trading volume of 2,222,992 shares, compared to its average volume of 592,589. The company has a market cap of $6.16 billion, a PE ratio of -88.08 and a beta of 1.58. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44. The company's fifty day simple moving average is $79.80 and its 200-day simple moving average is $69.08. Q2 has a 52 week low of $32.97 and a 52 week high of $105.00.

Q2 (NYSE:QTWO - Get Free Report) last issued its earnings results on Wednesday, November 6th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. The business had revenue of $175.02 million during the quarter, compared to the consensus estimate of $173.31 million. Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. As a group, equities research analysts expect that Q2 will post -0.02 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jonathan Price sold 11,000 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the transaction, the executive vice president now owns 215,079 shares in the company, valued at $15,408,259.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jeffrey T. Diehl sold 28,005 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the sale, the director now owns 397,702 shares in the company, valued at approximately $29,927,075.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jonathan Price sold 11,000 shares of the business's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $71.64, for a total transaction of $788,040.00. Following the completion of the transaction, the executive vice president now owns 215,079 shares in the company, valued at approximately $15,408,259.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,963 shares of company stock worth $3,109,699 over the last quarter. Insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Q2

Several large investors have recently modified their holdings of QTWO. Brown Capital Management LLC lifted 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 valued at $134,850,000 after purchasing an additional 11,000 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of Q2 by 1.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company's stock valued at $184,125,000 after buying an additional 34,300 shares in the last quarter. Hood River Capital Management LLC boosted its holdings in Q2 by 5.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company's stock worth $76,132,000 after buying an additional 67,757 shares during the period. American Century Companies Inc. grew its stake in Q2 by 5,990.6% in the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company's stock valued at $73,008,000 after buying an additional 1,190,274 shares in the last quarter. Finally, Perpetual Ltd bought a new stake in Q2 during the 3rd quarter valued at $80,788,000.

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.