Q2 Holdings, Inc. (NYSE:QTWO) Receives Average Recommendation of “Hold” from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWOGet Rating) have been given an average rating of “Hold” by the fifteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $81.08.

Several research analysts have recently weighed in on QTWO shares. Needham & Company LLC reduced their target price on Q2 from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, February 17th. Stephens cut Q2 from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $65.00 to $50.00 in a research report on Tuesday, May 17th. Canaccord Genuity Group dropped their price target on Q2 from $135.00 to $100.00 in a research report on Thursday, February 17th. Morgan Stanley dropped their price target on Q2 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Thursday, February 17th. Finally, Robert W. Baird dropped their price target on Q2 from $92.00 to $77.00 in a research report on Wednesday, May 4th.

In related news, EVP Kimberly Rutledge sold 8,096 shares of the stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $58.75, for a total transaction of $475,640.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Barry G. Benton sold 5,835 shares of the stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $58.76, for a total value of $342,864.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,954 shares of company stock valued at $4,840,915. 4.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of QTWO. Wasatch Advisors Inc. raised its holdings in shares of Q2 by 37.5% in the fourth quarter. Wasatch Advisors Inc. now owns 4,112,578 shares of the technology company’s stock worth $326,703,000 after acquiring an additional 1,120,845 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Q2 by 6.2% during the third quarter. Wellington Management Group LLP now owns 3,388,567 shares of the technology company’s stock worth $271,560,000 after purchasing an additional 198,041 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of Q2 by 8.0% during the third quarter. Macquarie Group Ltd. now owns 2,644,251 shares of the technology company’s stock worth $211,910,000 after purchasing an additional 196,729 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in shares of Q2 by 10.3% during the first quarter. Champlain Investment Partners LLC now owns 2,367,225 shares of the technology company’s stock worth $145,939,000 after purchasing an additional 221,085 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of Q2 by 36.8% in the first quarter. Conestoga Capital Advisors LLC now owns 2,316,267 shares of the technology company’s stock worth $142,798,000 after acquiring an additional 623,364 shares in the last quarter.

Shares of NYSE:QTWO opened at $51.52 on Friday. Q2 has a 12-month low of $38.90 and a 12-month high of $108.89. The company has a market capitalization of $2.95 billion, a PE ratio of -26.42 and a beta of 1.45. The business has a 50 day moving average of $54.96 and a two-hundred day moving average of $66.33. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.47.

Q2 (NYSE:QTWOGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Q2 had a negative net margin of 21.43% and a negative return on equity of 7.59%. During the same period last year, the company earned ($0.14) earnings per share. Equities research analysts predict that Q2 will post -0.68 earnings per share for the current fiscal year.

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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Analyst Recommendations for Q2 (NYSE:QTWO)

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