Q2 Holdings, Inc. (NYSE:QTWO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $93.5714.

A number of equities research analysts recently commented on the company. Cantor Fitzgerald decreased their price objective on Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Stephens set a $90.00 target price on Q2 in a report on Friday, January 16th. UBS Group set a $90.00 price target on Q2 in a research note on Thursday, November 6th. Zacks Research downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Wall Street Zen upgraded shares of Q2 from a “hold” rating to a “buy” rating in a report on Saturday, November 8th.

Insider Transactions at Q2

In other news, COO Himagiri K. Mukkamala sold 3,024 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total value of $222,808.32. Following the completion of the transaction, the chief operating officer owned 96,046 shares of the company’s stock, valued at $7,076,669.28. The trade was a 3.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kirk L. Coleman sold 8,559 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $630,627.12. Following the completion of the sale, the insider owned 269,128 shares of the company’s stock, valued at approximately $19,829,351.04. This represents a 3.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,883 shares of company stock valued at $1,547,778 over the last three months. 0.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Q2

Institutional investors have recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in shares of Q2 in the 2nd quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Q2 during the 3rd quarter worth approximately $26,000. Cullen Frost Bankers Inc. bought a new position in Q2 in the third quarter valued at approximately $27,000. Salomon & Ludwin LLC bought a new position in Q2 in the third quarter valued at approximately $30,000. Finally, First Horizon Corp acquired a new position in shares of Q2 in the third quarter valued at approximately $37,000.

Q2 Price Performance

QTWO opened at $61.32 on Friday. The firm has a 50 day simple moving average of $70.84 and a 200 day simple moving average of $73.13. Q2 has a fifty-two week low of $58.57 and a fifty-two week high of $102.07. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 127.74 and a beta of 1.35.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). The business had revenue of $201.70 million for the quarter, compared to analyst estimates of $197.87 million. Q2 had a return on equity of 10.92% and a net margin of 4.12%.Q2’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.20) EPS. As a group, analysts expect that Q2 will post 0.67 EPS for the current year.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.