$51.69 Million in Sales Expected for Q2 Holdings Inc (QTWO) This Quarter

Wall Street brokerages expect Q2 Holdings Inc (NYSE:QTWO) to announce sales of $51.69 million for the current quarter, Zacks reports. Seven analysts have issued estimates for Q2’s earnings, with the lowest sales estimate coming in at $51.56 million and the highest estimate coming in at $51.80 million. Q2 posted sales of $42.16 million during the same quarter last year, which suggests a positive year over year growth rate of 22.6%. The business is expected to report its next earnings report after the market closes on Wednesday, February 14th.

On average, analysts expect that Q2 will report full-year sales of $51.69 million for the current financial year, with estimates ranging from $193.84 million to $194.08 million. For the next year, analysts expect that the company will post sales of $240.44 million per share, with estimates ranging from $238.42 million to $242.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Q2.

Several equities research analysts have weighed in on QTWO shares. JPMorgan Chase & Co. cut Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Tuesday, December 12th. BTIG Research restated a “buy” rating and issued a $47.00 target price on shares of Q2 in a research note on Sunday, November 5th. Morgan Stanley raised their target price on Q2 from $40.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Canaccord Genuity restated a “hold” rating and issued a $43.00 target price on shares of Q2 in a research note on Monday, October 30th. Finally, DA Davidson initiated coverage on Q2 in a research note on Thursday, November 16th. They issued a “neutral” rating and a $38.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $45.75.

Shares of Q2 (NYSE QTWO) opened at $43.20 on Wednesday. Q2 has a fifty-two week low of $31.30 and a fifty-two week high of $44.35. The firm has a market capitalization of $1,800.00, a P/E ratio of -62.61 and a beta of 1.59.

In other Q2 news, EVP John E. Breeden sold 10,000 shares of Q2 stock in a transaction on Friday, November 17th. The stock was sold at an average price of $43.14, for a total transaction of $431,400.00. Following the completion of the transaction, the executive vice president now owns 64,694 shares in the company, valued at $2,790,899.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Barry G. Benton sold 1,425 shares of Q2 stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $42.00, for a total value of $59,850.00. Following the transaction, the senior vice president now owns 21,356 shares of the company’s stock, valued at approximately $896,952. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,011 shares of company stock valued at $4,697,005. 24.50% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its stake in Q2 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 buying an additional 759 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Q2 during the third quarter valued at $217,000. Virtu Financial LLC purchased a new position in Q2 during the fourth quarter valued at $205,000. GSA Capital Partners LLP purchased a new position in Q2 during the second quarter valued at $207,000. Finally, Sei Investments Co. raised its stake in Q2 by 77.0% during the third quarter. Sei Investments Co. now owns 6,296 shares of the technology company’s stock valued at $262,000 after buying an additional 2,739 shares during the last quarter. Institutional investors and hedge funds own 90.75% of the company’s stock.

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About Q2

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.

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