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

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $73.4545.

A number of brokerages recently weighed in on QTWO. Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a research note on Friday, July 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Q2 in a research report on Thursday, April 30th. JPMorgan Chase & Co. cut their target price on Q2 from $80.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, June 22nd. Stifel Nicolaus set a $70.00 price target on shares of Q2 in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $63.00 price objective on Q2 in a research note on Thursday, April 30th.

Q2 Price Performance

Shares of QTWO stock opened at $54.60 on Friday. The firm has a market cap of $3.42 billion, a P/E ratio of 48.75 and a beta of 1.33. The stock’s 50-day moving average is $48.28 and its two-hundred day moving average is $51.88. Q2 has a fifty-two week low of $40.79 and a fifty-two week high of $92.66.

Q2 (NYSE:QTWO) last posted its 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 during the quarter, compared to analyst estimates of $214.40 million. Q2 had a net margin of 8.99% and a return on equity of 14.68%. Q2’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. As a group, research analysts expect that Q2 will post 1.64 EPS for the current year.

Hedge Funds Weigh In On Q2

Several institutional investors have recently added to or reduced their stakes in QTWO. Capital Research Global Investors boosted its stake in Q2 by 86.2% in the fourth quarter. Capital Research Global Investors now owns 3,141,044 shares of the technology company’s stock worth $226,658,000 after purchasing an additional 1,454,076 shares in the last quarter. UBS Group AG grew its holdings in shares of Q2 by 343.5% during the third quarter. UBS Group AG now owns 1,009,946 shares of the technology company’s stock worth $73,110,000 after purchasing an additional 782,220 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Q2 by 119.0% in the first quarter. Assenagon Asset Management S.A. now owns 1,210,419 shares of the technology company’s stock valued at $57,253,000 after buying an additional 657,707 shares in the last quarter. Norges Bank acquired a new stake in shares of Q2 in the fourth quarter valued at $44,960,000. Finally, William Blair Investment Management LLC raised its holdings in shares of Q2 by 25.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,694,718 shares of the technology company’s stock valued at $194,451,000 after buying an additional 553,713 shares during the last quarter.

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.