Q2 (NYSE:QTWO) Given “Neutral” Rating at DA Davidson

DA Davidson reiterated their neutral rating on shares of Q2 (NYSE:QTWO) in a report released on Monday, Benzinga reports. The brokerage currently has a $76.00 price target on the technology company’s stock.

Several other equities research analysts have also recently weighed in on the company. Needham & Company LLC increased their price objective on Q2 from $65.00 to $90.00 and gave the company a buy rating in a research report on Thursday, August 1st. BTIG Research raised their target price on Q2 from $75.00 to $82.00 and gave the stock a buy rating in a research report on Monday, August 26th. Compass Point started coverage on Q2 in a research report on Wednesday, September 4th. They issued a buy rating and a $91.00 target price for the company. Royal Bank of Canada raised their target price on Q2 from $60.00 to $76.00 and gave the stock a sector perform rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus raised their target price on Q2 from $65.00 to $85.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $72.38.

Q2 Stock Up 0.9 %

QTWO opened at $79.77 on Monday. Q2 has a 1-year low of $28.91 and a 1-year high of $82.72. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of -59.09 and a beta of 1.58. The business has a 50 day moving average of $72.24 and a 200-day moving average of $62.83.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. The business had revenue of $172.89 million during the quarter, compared to the consensus estimate of $170.67 million. As a group, sell-side analysts anticipate that Q2 will post -0.01 earnings per share for the current year.

Insider Buying and Selling at Q2

In related news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the transaction, the executive now directly owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the transaction, the executive now directly owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the transaction, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,916 shares of company stock valued at $3,236,644. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QTWO. Wasatch Advisors LP raised its holdings in Q2 by 10.8% during the 1st quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock worth $214,386,000 after purchasing an additional 398,871 shares during the last quarter. Brown Capital Management LLC raised its holdings in Q2 by 0.4% during the 1st quarter. Brown Capital Management LLC now owns 2,565,647 shares of the technology company’s stock worth $134,850,000 after purchasing an additional 11,000 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in Q2 by 2.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,273,894 shares of the technology company’s stock worth $137,184,000 after purchasing an additional 54,970 shares during the last quarter. Jennison Associates LLC raised its holdings in Q2 by 14.6% during the 1st quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after purchasing an additional 235,582 shares during the last quarter. Finally, Hood River Capital Management LLC raised its holdings in Q2 by 5.7% during the 2nd quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock worth $76,132,000 after purchasing an additional 67,757 shares during the last quarter.

About Q2

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.