Q2 Holdings Inc (NYSE:QTWO) has earned an average recommendation of “Buy” from the seventeen research firms that are presently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $58.55.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Q2 from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. DA Davidson upped their price objective on shares of Q2 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, August 9th. Craig Hallum set a $70.00 price objective on shares of Q2 and gave the company a “buy” rating in a research report on Thursday, August 9th. Needham & Company LLC upped their price objective on shares of Q2 from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Finally, Loop Capital upped their price objective on shares of Q2 to $67.00 and gave the company an “in-line” rating in a research report on Thursday, August 9th.

In other Q2 news, Director Jeffrey T. Diehl sold 1,000,000 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $58.25, for a total transaction of $58,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carl James Schaper sold 20,000 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $61.34, for a total value of $1,226,800.00. Following the transaction, the director now owns 39,867 shares of the company’s stock, valued at approximately $2,445,441.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,279,096 shares of company stock valued at $74,352,186. Corporate insiders own 17.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in QTWO. Renaissance Technologies LLC boosted its stake in shares of Q2 by 33.1% during the 4th quarter. Renaissance Technologies LLC now owns 47,900 shares of the technology company’s stock worth $1,765,000 after buying an additional 11,900 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Q2 by 110.8% during the 4th quarter. Deutsche Bank AG now owns 92,088 shares of the technology company’s stock worth $3,390,000 after buying an additional 48,405 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Q2 during the 4th quarter worth about $546,000. Wasatch Advisors Inc. acquired a new position in shares of Q2 during the 1st quarter worth about $29,912,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Q2 during the 1st quarter worth about $1,300,000. Hedge funds and other institutional investors own 94.14% of the company’s stock.

Shares of QTWO traded up $1.00 during trading hours on Friday, reaching $60.50. The stock had a trading volume of 4,682 shares, compared to its average volume of 350,287. The company has a quick ratio of 6.00, a current ratio of 6.00 and a debt-to-equity ratio of 1.12. Q2 has a 52 week low of $36.25 and a 52 week high of $64.25. The stock has a market cap of $2.53 billion, a P/E ratio of -125.31 and a beta of 1.42.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.15. Q2 had a negative net margin of 12.07% and a negative return on equity of 14.66%. The business had revenue of $58.57 million during the quarter, compared to analysts’ expectations of $58.34 million. equities research analysts expect that Q2 will post -0.53 earnings per share for the current fiscal year.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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Analyst Recommendations for Q2 (NYSE:QTWO)

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