Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned an average recommendation of “Buy” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $45.57.

Several analysts have commented on the stock. DA Davidson assumed coverage on shares of Q2 in a research report on Thursday, November 16th. They set a “neutral” rating and a $38.00 target price for the company. BidaskClub upgraded shares of Q2 from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. BTIG Research reiterated a “buy” rating and set a $47.00 target price on shares of Q2 in a research report on Sunday, November 5th. SunTrust Banks reiterated a “buy” rating on shares of Q2 in a research report on Friday, November 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Q2 in a research report on Friday, November 3rd.

Shares of Q2 (QTWO) opened at $40.45 on Monday. Q2 has a 1 year low of $28.30 and a 1 year high of $44.35.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.05. The company had revenue of $50.10 million during the quarter, compared to analysts’ expectations of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) EPS. sell-side analysts expect that Q2 will post -0.48 earnings per share for the current year.

In other news, Director Carl James Schaper sold 20,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $39.41, for a total value of $788,200.00. Following the completion of the transaction, the director now owns 44,172 shares of the company’s stock, valued at approximately $1,740,818.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam D. Blue sold 30,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.82, for a total transaction of $1,224,600.00. Following the completion of the transaction, the insider now directly owns 50,805 shares of the company’s stock, valued at approximately $2,073,860.10. The disclosure for this sale can be found here. Insiders sold a total of 1,001,500 shares of company stock valued at $41,538,795 in the last three months. 24.50% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in QTWO. Franklin Resources Inc. boosted its stake in Q2 by 55.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock worth $55,523,000 after purchasing an additional 536,772 shares during the period. Emerald Advisers Inc. PA acquired a new position in Q2 in the 3rd quarter worth $15,520,000. Penn Capital Management Co. Inc. boosted its stake in Q2 by 3,059.9% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 303,822 shares of the technology company’s stock worth $11,243,000 after purchasing an additional 294,207 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in Q2 by 371.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 305,361 shares of the technology company’s stock worth $12,718,000 after purchasing an additional 240,645 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Q2 by 6.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,943,396 shares of the technology company’s stock worth $108,759,000 after purchasing an additional 190,171 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.

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Q2 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 (NYSE:QTWO)

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