Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) PT at $132.40

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received an average rating of “Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $132.40.

Several research firms have recently weighed in on QTWO. Wells Fargo & Company boosted their target price on Q2 from $115.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, February 19th. DA Davidson raised Q2 from a “neutral” rating to a “buy” rating and reduced their target price for the company from $128.00 to $114.00 in a report on Thursday, May 13th. They noted that the move was a valuation call. Gabelli raised Q2 from a “hold” rating to a “buy” rating in a research note on Monday, April 5th. Piper Sandler upped their price objective on Q2 from $129.00 to $131.00 and gave the company an “overweight” rating in a research note on Friday, May 7th. Finally, Zacks Investment Research raised Q2 from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 4th.

Shares of Q2 stock traded up $1.06 on Tuesday, hitting $98.68. The stock had a trading volume of 840 shares, compared to its average volume of 542,324. Q2 has a 52-week low of $76.20 and a 52-week high of $148.56. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.89. The firm has a market cap of $5.56 billion, a PE ratio of -40.51 and a beta of 1.50. The business has a 50 day moving average price of $98.76.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, May 5th. The technology company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. Q2 had a negative return on equity of 5.25% and a negative net margin of 30.26%. The business had revenue of $116.52 million during the quarter, compared to the consensus estimate of $115.39 million. As a group, research analysts predict that Q2 will post -0.71 EPS for the current fiscal year.

In other Q2 news, SVP Barry G. Benton sold 1,403 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $112.31, for a total transaction of $157,570.93. Following the transaction, the senior vice president now owns 23,107 shares in the company, valued at approximately $2,595,147.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Price sold 1,155 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $112.40, for a total value of $129,822.00. Following the transaction, the executive vice president now owns 25,449 shares in the company, valued at approximately $2,860,467.60. The disclosure for this sale can be found here. Insiders have sold a total of 37,086 shares of company stock worth $3,892,405 in the last quarter. 9.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Concord Wealth Partners grew its holdings in shares of Q2 by 936.0% in the 1st quarter. Concord Wealth Partners now owns 259 shares of the technology company’s stock worth $26,000 after acquiring an additional 234 shares during the period. Captrust Financial Advisors grew its holdings in shares of Q2 by 647.9% in the 1st quarter. Captrust Financial Advisors now owns 359 shares of the technology company’s stock worth $36,000 after acquiring an additional 311 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Q2 by 55.9% in the 1st quarter. International Assets Investment Management LLC now owns 530 shares of the technology company’s stock worth $62,000 after acquiring an additional 190 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Q2 in the 1st quarter worth approximately $83,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Q2 in the 1st quarter worth approximately $120,000.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered integrated person-to-person payments solution.

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Analyst Recommendations for Q2 (NYSE:QTWO)

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