Q2 Holdings, Inc. (NYSE:QTWO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has been given a consensus rating of “Moderate Buy” by the sixteen research firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $105.27.

A number of brokerages have commented on QTWO. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a research note on Wednesday, December 18th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Raymond James lifted their price target on Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Citigroup increased their price objective on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 target price (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th.

Insider Buying and Selling

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares of the company’s stock, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jonathan Price sold 42,652 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.37, for a total value of $3,172,029.24. Following the transaction, the chief financial officer now owns 209,378 shares of the company’s stock, valued at $15,571,441.86. The trade was a 16.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,835 shares of company stock worth $11,959,517. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

A number of institutional investors have recently modified their holdings of the business. Proficio Capital Partners LLC bought a new stake in Q2 during the 4th quarter valued at $29,000. Quarry LP raised its stake in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Q2 during the 4th quarter worth about $30,000. TCTC Holdings LLC bought a new position in Q2 in the 4th quarter worth about $30,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Q2 during the 4th quarter valued at about $32,000.

Q2 Stock Performance

Shares of QTWO opened at $76.07 on Wednesday. Q2 has a one year low of $46.50 and a one year high of $112.82. The company has a market cap of $4.62 billion, a PE ratio of -117.02 and a beta of 1.62. The stock has a 50-day moving average of $88.90 and a 200-day moving average of $90.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, equities research analysts predict that Q2 will post 0.67 EPS for the current fiscal year.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.