Q2 (QTWO) Upgraded at BidaskClub

Q2 (NYSE:QTWO) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday, November 14th.

Several other brokerages have also commented on QTWO. KeyCorp reissued a “hold” rating on shares of Q2 in a research note on Wednesday, September 13th. Zacks Investment Research lowered Q2 from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BTIG Research restated a “buy” rating and set a $47.00 price objective on shares of Q2 in a research report on Sunday, November 5th. SunTrust Banks restated a “buy” rating on shares of Q2 in a research report on Friday, November 3rd. Finally, Canaccord Genuity restated a “buy” rating and set a $43.00 price objective on shares of Q2 in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Q2 has a consensus rating of “Buy” and a consensus price target of $44.90.

Shares of Q2 (NYSE QTWO) traded down $0.45 during trading hours on Tuesday, hitting $41.40. The stock had a trading volume of 273,845 shares, compared to its average volume of 193,914. Q2 has a fifty-two week low of $27.80 and a fifty-two week high of $44.35.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The business had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.24) EPS. research analysts expect that Q2 will post -0.48 earnings per share for the current fiscal year.

In other Q2 news, insider Adam D. Blue sold 30,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.82, for a total value of $1,224,600.00. Following the completion of the transaction, the insider now directly owns 50,805 shares in the company, valued at approximately $2,073,860.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jennifer Noel Harris sold 10,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.49, for a total value of $404,900.00. Following the completion of the transaction, the chief financial officer now owns 74,575 shares of the company’s stock, valued at $3,019,541.75. The disclosure for this sale can be found here. Insiders have sold a total of 1,001,575 shares of company stock valued at $41,541,893 over the last 90 days. Insiders own 24.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. UBS Asset Management Americas Inc. acquired a new position in Q2 in the 1st quarter valued at $431,000. Hennessy Advisors Inc. acquired a new position in Q2 in the 2nd quarter valued at $924,000. Franklin Resources Inc. raised its holdings in Q2 by 55.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,502,687 shares of the technology company’s stock valued at $55,523,000 after acquiring an additional 536,772 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Q2 in the 2nd quarter valued at $515,000. Finally, D L Carlson Investment Group Inc. increased its holdings in shares of Q2 by 24.0% during the 2nd quarter. D L Carlson Investment Group Inc. now owns 94,760 shares of the technology company’s stock worth $3,501,000 after buying an additional 18,355 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Q2 (QTWO) Upgraded at BidaskClub” was originally posted by BBNS and is owned by of BBNS. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/bidaskclub-upgrades-q2-holdings-inc-qtwo-to-buy/1783049.html.

About Q2

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

Analyst Recommendations for Q2 (NYSE:QTWO)

Receive News & Ratings for Q2 Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 Holdings Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.