Q2 Holdings, Inc. (NYSE:QTWO)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research note issued on Friday. They presently have a $48.00 price target on the technology company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 12.28% from the company’s previous close.

QTWO has been the subject of a number of other reports. Loop Capital upped their price objective on shares of Q2 Holdings from $42.00 to $49.00 and gave the company a “positive” rating in a research note on Friday. Zacks Investment Research raised shares of Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Wednesday, August 9th. Canaccord Genuity reissued a “hold” rating and issued a $43.00 price target on shares of Q2 Holdings in a research report on Monday. Royal Bank Of Canada reissued an “outperform” rating and issued a $48.00 price target (up from $43.00) on shares of Q2 Holdings in a research report on Friday. Finally, BidaskClub lowered shares of Q2 Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Q2 Holdings has a consensus rating of “Buy” and a consensus price target of $45.67.

Q2 Holdings (NYSE:QTWO) traded up $0.85 during trading on Friday, hitting $42.75. 441,176 shares of the stock traded hands, compared to its average volume of 171,407.

Q2 Holdings (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. Q2 Holdings had a negative net margin of 15.27% and a negative return on equity of 20.62%. The company had revenue of $50.10 million during the quarter, compared to analyst estimates of $50.05 million. During the same period in the prior year, the firm earned ($0.24) earnings per share. The business’s quarterly revenue was up 30.8% on a year-over-year basis. equities analysts predict that Q2 Holdings will post -0.54 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Needham & Company LLC Reaffirms Buy Rating for Q2 Holdings, Inc. (QTWO)” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/11/03/needham-company-llc-reaffirms-buy-rating-for-q2-holdings-inc-qtwo.html.

In related news, Director R. H. Seale sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $41.27, for a total transaction of $1,031,750.00. Following the transaction, the director now owns 383,828 shares of the company’s stock, valued at $15,840,581.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director R. H. Seale sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $41.95, for a total transaction of $1,887,750.00. Following the transaction, the director now directly owns 383,828 shares in the company, valued at approximately $16,101,584.60. The disclosure for this sale can be found here. Insiders sold 231,908 shares of company stock valued at $9,390,327 over the last three months. 24.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Dubuque Bank & Trust Co. bought a new position in Q2 Holdings during the second quarter valued at approximately $102,000. Ameritas Investment Partners Inc. raised its position in Q2 Holdings by 38.1% during the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after acquiring an additional 759 shares in the last quarter. SG Americas Securities LLC bought a new position in Q2 Holdings during the first quarter valued at approximately $109,000. Oppenheimer Asset Management Inc. raised its position in Q2 Holdings by 16,455.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock valued at $110,000 after acquiring an additional 2,962 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in Q2 Holdings during the second quarter valued at approximately $111,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Q2 Holdings Company Profile

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.

Analyst Recommendations for Q2 Holdings (NYSE:QTWO)

Receive News & Ratings for Q2 Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.