DA Davidson cut shares of Q2 (NYSE:QTWO) from a neutral rating to an underperform rating in a research note released on Friday morning, Marketbeat.com reports. They currently have $52.00 target price on the technology company’s stock, up from their prior target price of $48.00.

Several other equities analysts have also issued reports on QTWO. Zacks Investment Research lowered Q2 from a hold rating to a sell rating in a research note on Friday, November 2nd. JPMorgan Chase & Co. lowered their price target on Q2 to $62.00 and set a neutral rating on the stock in a research note on Wednesday, November 7th. Morgan Stanley set a $60.00 price target on Q2 and gave the company a hold rating in a research note on Thursday, November 8th. BTIG Research upgraded Q2 from a neutral rating to a buy rating and set a $61.00 price target on the stock in a research note on Wednesday, December 19th. Finally, Loop Capital set a $67.00 price target on Q2 and gave the company a buy rating in a research note on Monday, December 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $62.71.

QTWO traded down $0.06 on Friday, hitting $66.79. 598,962 shares of the stock traded hands, compared to its average volume of 368,927. Q2 has a 52 week low of $41.00 and a 52 week high of $67.98. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of -180.51 and a beta of 1.51.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.10. Q2 had a negative return on equity of 12.20% and a negative net margin of 14.68%. The firm had revenue of $67.20 million for the quarter, compared to analyst estimates of $66.77 million. During the same period in the previous year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. Equities research analysts expect that Q2 will post -0.64 EPS for the current year.

In other news, CEO Matthew P. Flake sold 43,952 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $52.20, for a total value of $2,294,294.40. Following the transaction, the chief executive officer now directly owns 280,008 shares of the company’s stock, valued at approximately $14,616,417.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Barry G. Benton sold 1,019 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $48.64, for a total value of $49,564.16. Following the completion of the transaction, the senior vice president now directly owns 36,030 shares in the company, valued at $1,752,499.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 160,308 shares of company stock worth $8,523,359. Corporate insiders own 17.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank acquired a new position in shares of Q2 in the 4th quarter worth approximately $266,000. Macquarie Group Ltd. boosted its holdings in shares of Q2 by 22.0% in the 4th quarter. Macquarie Group Ltd. now owns 1,243,394 shares of the technology company’s stock worth $61,610,000 after acquiring an additional 223,815 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Q2 by 7.2% in the 4th quarter. Legal & General Group Plc now owns 14,078 shares of the technology company’s stock worth $698,000 after acquiring an additional 949 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Q2 by 6.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 407,720 shares of the technology company’s stock worth $20,203,000 after acquiring an additional 25,082 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Q2 by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,840 shares of the technology company’s stock worth $587,000 after acquiring an additional 9,247 shares in the last quarter. 95.17% of the stock is currently owned by institutional investors and hedge funds.

About Q2

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.

Featured Article: Benefits of owning preferred stock

Analyst Recommendations for Q2 (NYSE:QTWO)

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.