Q2 (NYSE:QTWO) Rating Lowered to Equal Weight at Stephens

Q2 (NYSE:QTWO – Get Rating) was downgraded by research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, The Fly reports.

Several other equities research analysts have also weighed in on the stock. Canaccord Genuity Group lowered their target price on shares of Q2 from $135.00 to $100.00 in a report on Thursday, February 17th. Robert W. Baird lowered their target price on shares of Q2 from $92.00 to $77.00 in a report on Wednesday, May 4th. Needham & Company LLC lowered their target price on shares of Q2 from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. Zacks Investment Research raised shares of Q2 from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Finally, StockNews.com lowered shares of Q2 from a “hold” rating to a “sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $85.25.

Shares of QTWO stock opened at $42.10 on Tuesday. Q2 has a 52-week low of $38.90 and a 52-week high of $108.89. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -21.59 and a beta of 1.45. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.98 and a current ratio of 2.98. The firm has a fifty day moving average of $55.41 and a 200-day moving average of $67.01.

Q2 (NYSE:QTWO – Get Rating) last posted its earnings results on Monday, May 2nd. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Q2 had a negative return on equity of 7.59% and a negative net margin of 21.43%. During the same quarter in the prior year, the business posted ($0.14) earnings per share. On average, sell-side analysts predict that Q2 will post -0.68 earnings per share for the current year.

In other news, CFO David J. Mehok sold 1,196 shares of the firm’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $58.73, for a total value of $70,241.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Barry G. Benton sold 5,835 shares of the firm’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $58.76, for a total transaction of $342,864.60. The disclosure for this sale can be found here. Insiders sold a total of 81,954 shares of company stock worth $4,840,915 in the last ninety days. Insiders own 4.50% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Richelieu Gestion PLC acquired a new stake in shares of Q2 in the 1st quarter valued at approximately $34,000. Fifth Third Bancorp raised its position in shares of Q2 by 86.9% in the 4th quarter. Fifth Third Bancorp now owns 585 shares of the technology company’s stock valued at $46,000 after acquiring an additional 272 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Q2 in the 4th quarter valued at approximately $51,000. FSB Premier Wealth Management Inc. acquired a new stake in shares of Q2 in the 4th quarter valued at approximately $51,000. Finally, Quadrant Capital Group LLC raised its position in shares of Q2 by 65.5% in the 4th quarter. Quadrant Capital Group LLC now owns 710 shares of the technology company’s stock valued at $56,000 after acquiring an additional 281 shares during the period.

Q2 Company Profile (Get Rating)

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.

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