Q2 Holdings, Inc. (NYSE:QTWO) Given Average Recommendation of “Moderate Buy” by Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $75.2727.

A number of equities analysts have recently issued reports on the company. Truist Financial reduced their price target on Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Q2 in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on Q2 from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Stifel Nicolaus set a $70.00 target price on Q2 in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded Q2 from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd.

Q2 Trading Down 1.1%

Shares of QTWO stock opened at $44.93 on Friday. The business’s fifty day simple moving average is $48.10 and its 200-day simple moving average is $57.81. The company has a market cap of $2.81 billion, a PE ratio of 40.12 and a beta of 1.34. Q2 has a 12-month low of $44.46 and a 12-month high of $96.68.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The business had revenue of $216.51 million for the quarter, compared to analyst estimates of $214.40 million. Q2 had a return on equity of 14.68% and a net margin of 8.99%.The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, equities analysts forecast that Q2 will post 1.57 earnings per share for the current year.

Insider Transactions at Q2

In related news, insider John E. Breeden sold 6,076 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $51.35, for a total value of $312,002.60. Following the transaction, the insider directly owned 84,236 shares of the company’s stock, valued at $4,325,518.60. This represents a 6.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Michael S. Kerr sold 2,821 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $144,858.35. Following the completion of the transaction, the general counsel directly owned 47,227 shares in the company, valued at approximately $2,425,106.45. The trade was a 5.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,777 shares of company stock worth $1,985,547 over the last 90 days. Insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Q2

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in Q2 during the 1st quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in Q2 during the 2nd quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Q2 during the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Q2 during the 4th quarter worth about $27,000. Finally, Optiver Holding B.V. grew its position in Q2 by 1,578.9% during the 1st quarter. Optiver Holding B.V. now owns 638 shares of the technology company’s stock worth $30,000 after purchasing an additional 600 shares during the period.

About Q2

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.