Q2 Holdings, Inc. (NYSE:QTWO) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $76.17.

Several research analysts have recently issued reports on the company. Weiss Ratings raised Q2 from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Wall Street Zen upgraded shares of Q2 from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Needham & Company LLC boosted their target price on shares of Q2 from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of Q2 from $60.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Finally, Stifel Nicolaus upped their price target on shares of Q2 from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, July 30th.

Q2 Stock Up 0.1%

Shares of QTWO opened at $59.36 on Thursday. Q2 has a 12-month low of $40.79 and a 12-month high of $76.24. The business has a 50-day simple moving average of $60.80 and a two-hundred day simple moving average of $53.52. The stock has a market cap of $3.70 billion, a PE ratio of 42.40 and a beta of 1.34.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $219.77 million during the quarter, compared to the consensus estimate of $216.86 million. Q2 had a return on equity of 17.04% and a net margin of 10.87%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. On average, equities research analysts expect that Q2 will post 1.80 EPS for the current year.

Insider Transactions at Q2

In related news, insider Kimberly Rutledge sold 10,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.07, for a total value of $630,700.00. Following the sale, the insider owned 113,913 shares of the company’s stock, valued at $7,184,492.91. The trade was a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Michael S. Kerr sold 636 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $60.96, for a total value of $38,770.56. Following the completion of the sale, the general counsel owned 80,739 shares of the company’s stock, valued at $4,921,849.44. The trade was a 0.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 87,816 shares of company stock worth $5,740,968. Company insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in Q2 during the first quarter worth approximately $25,000. Optiver Holding B.V. increased its position in Q2 by 1,578.9% in the 1st quarter. Optiver Holding B.V. now owns 638 shares of the technology company’s stock valued at $30,000 after buying an additional 600 shares in the last quarter. Allworth Financial LP increased its position in Q2 by 48.1% in the 2nd quarter. Allworth Financial LP now owns 1,120 shares of the technology company’s stock valued at $54,000 after buying an additional 364 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in Q2 during the 2nd quarter worth approximately $61,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Q2 during the 2nd quarter worth approximately $71,000.

Q2 Company Profile

Q2 Holdings, Inc is a financial technology company that provides cloud-based digital banking and lending solutions. Its software is designed primarily for banks, credit unions and other financial institutions seeking to deliver online and mobile banking services, automate financial workflows and improve engagement with consumers and businesses.

The company’s offerings include the Q2 Digital Banking Platform, which supports digital account access and financial services, as well as tools for lending, relationship pricing, profitability management and embedded finance.