Q2 Holdings, Inc. (NYSE:QTWO) was downgraded by research analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a research report issued on Thursday, The Fly reports.

Several other research analysts also recently weighed in on QTWO. BidaskClub downgraded shares of Q2 Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Zacks Investment Research downgraded shares of Q2 Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Q2 Holdings in a report on Wednesday, September 13th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $42.13.

Q2 Holdings (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.05. The firm had revenue of $50.10 million during the quarter, compared to analyst estimates of $50.05 million. Q2 Holdings had a negative return on equity of 22.74% and a negative net margin of 18.45%. Q2 Holdings’s revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) EPS.

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In other Q2 Holdings news, SVP Barry G. Benton sold 1,500 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $38.19, for a total transaction of $57,285.00. Following the completion of the transaction, the senior vice president now owns 23,487 shares of the company’s stock, valued at approximately $896,968.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Barry G. Benton sold 4,083 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $37.49, for a total transaction of $153,071.67. Following the transaction, the senior vice president now directly owns 24,820 shares of the company’s stock, valued at approximately $930,501.80. The disclosure for this sale can be found here. Insiders have sold a total of 231,908 shares of company stock valued at $9,390,327 in the last three months. Insiders own 24.50% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Q2 Holdings by 371.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 305,361 shares of the technology company’s stock valued at $12,718,000 after acquiring an additional 240,645 shares during the last quarter. Emerald Advisers Inc. PA bought a new position in shares of Q2 Holdings in the 3rd quarter valued at about $15,520,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Q2 Holdings by 25.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 75,000 shares of the technology company’s stock valued at $3,124,000 after acquiring an additional 15,000 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Q2 Holdings in the 3rd quarter valued at about $2,439,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Q2 Holdings in the 2nd quarter valued at about $542,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

About Q2 Holdings

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

The Fly

Analyst Recommendations for Q2 Holdings (NYSE:QTWO)

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