DA Davidson Reaffirms “Neutral” Rating for Q2 (NYSE:QTWO)

DA Davidson reaffirmed their neutral rating on shares of Q2 (NYSE:QTWO) in a research report sent to investors on Monday, Benzinga reports. DA Davidson currently has a $76.00 price target on the technology company’s stock.

A number of other analysts have also issued reports on QTWO. Needham & Company LLC boosted their price objective on Q2 from $65.00 to $90.00 and gave the company a buy rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of Q2 from $65.00 to $85.00 and gave the company a buy rating in a report on Thursday, August 1st. BTIG Research boosted their target price on Q2 from $75.00 to $82.00 and gave the company a buy rating in a research note on Monday, August 26th. Truist Financial restated a buy rating and issued a $78.00 price objective (up from $68.00) on shares of Q2 in a report on Thursday, August 1st. Finally, Compass Point began coverage on shares of Q2 in a research note on Wednesday, September 4th. They set a buy rating and a $91.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $72.38.

Q2 Stock Performance

Shares of QTWO opened at $78.55 on Monday. The stock has a 50 day moving average price of $72.61 and a two-hundred day moving average price of $63.26. Q2 has a 52 week low of $28.91 and a 52 week high of $82.72. The firm has a market capitalization of $4.73 billion, a P/E ratio of -57.64 and a beta of 1.58. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, July 31st. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. The business had revenue of $172.89 million for the quarter, compared to the consensus estimate of $170.67 million. Equities analysts forecast that Q2 will post -0.01 earnings per share for the current fiscal year.

Insider Activity at Q2

In other news, Director Jeffrey T. Diehl sold 28,005 shares of Q2 stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $75.25, for a total value of $2,107,376.25. Following the sale, the director now directly owns 397,702 shares of the company’s stock, valued at $29,927,075.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James Offerdahl sold 1,013 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total transaction of $74,931.61. Following the sale, the director now directly owns 18,789 shares in the company, valued at approximately $1,389,822.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey T. Diehl sold 28,005 shares of Q2 stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $75.25, for a total value of $2,107,376.25. Following the completion of the transaction, the director now owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,916 shares of company stock worth $3,236,644. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Q2

Several institutional investors have recently modified their holdings of the stock. CWM LLC grew its stake in shares of Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after buying an additional 169 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Q2 during the first quarter worth approximately $50,000. Quest Partners LLC bought a new stake in shares of Q2 during the second quarter valued at approximately $153,000. SG Americas Securities LLC purchased a new stake in shares of Q2 in the first quarter valued at approximately $173,000. Finally, nVerses Capital LLC bought a new position in Q2 in the second quarter worth approximately $181,000.

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.