Q2 (NYSE:QTWO) Sets New 12-Month Low – Time to Sell?

Q2 Holdings, Inc. (NYSE:QTWO)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $58.53 and last traded at $58.3310, with a volume of 42093 shares. The stock had previously closed at $60.50.

Analyst Ratings Changes

Several equities analysts have issued reports on QTWO shares. Zacks Research cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Cantor Fitzgerald cut their price target on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. DA Davidson upgraded shares of Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday. Needham & Company LLC dropped their target price on Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada decreased their price target on Q2 from $102.00 to $86.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 6th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and an average price target of $92.27.

Q2 Trading Down 6.0%

The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 118.79 and a beta of 1.36. The stock’s 50 day moving average is $70.64 and its 200 day moving average is $72.68.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share 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 analysts’ expectations of $197.87 million. Q2 had a return on equity of 10.92% and a net margin of 4.12%.The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business earned ($0.20) earnings per share. On average, sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.

Insider Activity at Q2

In other news, insider Kirk L. Coleman sold 8,559 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total value of $630,627.12. Following the completion of the transaction, the insider owned 269,128 shares of the company’s stock, valued at $19,829,351.04. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Himagiri K. Mukkamala sold 3,024 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $222,808.32. Following the transaction, the chief operating officer directly owned 96,046 shares in the company, valued at $7,076,669.28. The trade was a 3.05% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 20,883 shares of company stock valued at $1,547,778. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.