Analysts at Compass Point assumed coverage on shares of Q2 (NYSE:QTWO) in a research note issued to investors on Wednesday, The Fly reports. The firm set a “buy” rating on the technology company’s stock.
Several other analysts also recently commented on the stock. ValuEngine raised shares of Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, August 11th. Gabelli downgraded shares of Q2 from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a report on Tuesday, August 11th. Citigroup boosted their price objective on shares of Q2 from $97.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. KeyCorp boosted their price objective on shares of Q2 from $90.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Q2 from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $101.44.
Shares of QTWO stock traded down $0.04 during midday trading on Wednesday, hitting $88.40. 596,714 shares of the company were exchanged, compared to its average volume of 512,136. The firm has a market capitalization of $4.73 billion, a P/E ratio of -40.74 and a beta of 1.57. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.88 and a current ratio of 3.88. The firm’s 50 day moving average price is $95.15 and its two-hundred day moving average price is $81.17. Q2 has a 52 week low of $47.17 and a 52 week high of $106.44.
Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.29) by $0.36. The business had revenue of $97.58 million during the quarter, compared to the consensus estimate of $94.76 million. Q2 had a negative net margin of 30.10% and a negative return on equity of 5.59%. Analysts expect that Q2 will post -0.82 EPS for the current year.
In related news, SVP Bharath Oruganti sold 450 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $85.77, for a total transaction of $38,596.50. Following the completion of the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at approximately $1,726,207.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Anthony Charles Hall sold 1,446 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $90.67, for a total transaction of $131,108.82. Following the transaction, the senior vice president now owns 12,378 shares of the company’s stock, valued at $1,122,313.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 488,229 shares of company stock valued at $43,768,305. 9.00% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. acquired a new position in Q2 in the 1st quarter valued at approximately $33,000. Point72 Hong Kong Ltd acquired a new position in Q2 in the 2nd quarter valued at approximately $40,000. Financial Management Professionals Inc. acquired a new position in Q2 in the 2nd quarter valued at approximately $50,000. Benjamin F. Edwards & Company Inc. increased its position in Q2 by 16.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,044 shares of the technology company’s stock valued at $62,000 after acquiring an additional 144 shares during the period. Finally, Glenmede Trust Co. NA acquired a new position in Q2 in the 2nd quarter valued at approximately $73,000.
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
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