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

Q2 Holdings, Inc. (NYSE:QTWO) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $73.4545.

Several research firms recently weighed in on QTWO. Robert W. Baird set a $74.00 target price on Q2 in a research report on Thursday, April 30th. Zacks Research downgraded shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. DA Davidson reaffirmed a “buy” rating and set a $82.00 price target on shares of Q2 in a research note on Monday, June 1st. Stifel Nicolaus set a $70.00 price target on shares of Q2 in a research note on Thursday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Q2 in a research note on Thursday, April 30th.

Hedge Funds Weigh In On Q2

A number of large investors have recently modified their holdings of QTWO. Advisors Asset Management Inc. raised its holdings in shares of Q2 by 35.0% in the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock worth $68,000 after purchasing an additional 220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Q2 by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company’s stock valued at $2,803,000 after acquiring an additional 1,525 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Q2 by 21.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock valued at $43,023,000 after acquiring an additional 95,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Q2 by 3.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock valued at $14,907,000 after acquiring an additional 6,909 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Q2 by 592.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after acquiring an additional 539 shares during the period.

Q2 Stock Performance

Shares of QTWO opened at $47.12 on Tuesday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 42.07 and a beta of 1.34. The company’s 50 day simple moving average is $46.98 and its 200 day simple moving average is $54.52. Q2 has a 1 year low of $40.79 and a 1 year high of $95.10.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). Q2 had a return on equity of 14.68% and a net margin of 8.99%.The business had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $214.40 million. During the same quarter last year, the company posted $0.07 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities analysts expect that Q2 will post 1.57 EPS for the current fiscal 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.