Q2 (NYSE:QTWO) Shares Gap Down - Should You Sell?

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $80.65, but opened at $78.54. Q2 shares last traded at $79.60, with a volume of 188,576 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial restated a "buy" rating and issued a $110.00 price target (up from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Baird R W cut shares of Q2 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Robert W. Baird reiterated a "neutral" rating and issued a $99.00 price target (up from $89.00) on shares of Q2 in a research note on Friday, January 10th. KeyCorp upgraded Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective on the stock in a research note on Wednesday, December 18th. Finally, Raymond James raised their price target on Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Seven 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $105.27.

Q2 Trading Down 2.0 %

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $4.60 billion, a P/E ratio of -116.55 and a beta of 1.62. The firm has a 50 day simple moving average of $92.51 and a 200 day simple moving average of $90.27.

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Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS 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%. On average, equities research analysts predict that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was 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. The trade was a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 4,178 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the sale, the executive now directly owns 223,494 shares in the company, valued at $23,690,364. This represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,288 shares of company stock valued at $3,091,483. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Q2

A number of institutional investors have recently made changes to their positions in the business. Versor Investments LP purchased a new stake in shares of Q2 during the third quarter worth about $590,000. State Street Corp increased its stake in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock valued at $133,118,000 after buying an additional 5,000 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock valued at $2,451,000 after acquiring an additional 7,475 shares in the last quarter. Nordea Investment Management AB lifted its stake in Q2 by 61.8% in the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after acquiring an additional 42,433 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Q2 in the third quarter worth $1,227,000.

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.