Q2 Holdings Inc. (NYSE:QTWO) has earned an average rating of “Buy” from the ten research firms that are presently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $30.78.
Several brokerages have recently weighed in on QTWO. BTIG Research reissued a “buy” rating and set a $32.00 price objective on shares of Q2 Holdings in a report on Thursday, August 4th. Royal Bank Of Canada lifted their price objective on Q2 Holdings from $27.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $34.00 price objective on shares of Q2 Holdings in a report on Monday, August 29th. Morgan Stanley initiated coverage on Q2 Holdings in a research note on Monday, July 25th. They issued an “equal weight” rating and a $29.00 price target on the stock. Finally, Zacks Investment Research raised Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th.
Q2 Holdings (NYSE:QTWO) opened at 28.35 on Thursday. Q2 Holdings has a 52 week low of $16.43 and a 52 week high of $30.73. The company’s market cap is $1.13 billion. The company’s 50-day moving average price is $28.01 and its 200 day moving average price is $25.80.
Q2 Holdings (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.13. Q2 Holdings had a negative return on equity of 22.39% and a negative net margin of 27.14%. The firm had revenue of $36 million for the quarter, compared to analyst estimates of $35.66 million. Q2 Holdings’s revenue was up 36.9% on a year-over-year basis. On average, analysts anticipate that Q2 Holdings will post ($0.35) EPS for the current year.
In other news, Director Charles T. Doyle sold 14,000 shares of the business’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $28.02, for a total transaction of $392,280.00. Following the completion of the sale, the director now owns 1,799 shares in the company, valued at $50,407.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carl James Schaper sold 20,000 shares of the business’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $26.04, for a total value of $520,800.00. Following the sale, the director now owns 21,618 shares of the company’s stock, valued at approximately $562,932.72. The disclosure for this sale can be found here. 38.10% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its stake in Q2 Holdings by 24.3% in the second quarter. Teacher Retirement System of Texas now owns 3,554 shares of the company’s stock worth $100,000 after buying an additional 695 shares during the last quarter. BlackRock Group LTD increased its stake in Q2 Holdings by 75.0% in the first quarter. BlackRock Group LTD now owns 7,201 shares of the company’s stock worth $173,000 after buying an additional 3,086 shares during the last quarter. Bienville Capital Management LLC purchased a new stake in Q2 Holdings during the second quarter worth $222,000. Penserra Capital Management LLC purchased a new stake in Q2 Holdings during the second quarter worth $238,000. Finally, UBS Asset Management Americas Inc. increased its stake in Q2 Holdings by 4.2% in the first quarter. UBS Asset Management Americas Inc. now owns 11,255 shares of the company’s stock worth $271,000 after buying an additional 455 shares during the last quarter. Institutional investors own 89.16% of the company’s stock.
Q2 Holdings Company Profile
Q2 Holdings, Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.
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