Q2 Holdings, Inc. (NYSE:QTWO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $36.20.

A number of equities analysts have recently commented on QTWO shares. Morgan Stanley raised their price objective on shares of Q2 from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. The Goldman Sachs Group initiated coverage on shares of Q2 in a research report on Wednesday, July 12th. They set a “buy” rating and a $38.00 target price for the company. StockNews.com initiated coverage on shares of Q2 in a research report on Thursday, August 17th. They set a “hold” rating for the company. Royal Bank of Canada lifted their target price on shares of Q2 from $32.00 to $38.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. Finally, Robert W. Baird upgraded shares of Q2 from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $39.00 in a research report on Monday, July 24th.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 1,038 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $28.35, for a total transaction of $29,427.30. Following the transaction, the executive now directly owns 204,824 shares of the company’s stock, valued at approximately $5,806,760.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CRO Michael A. Volanoski sold 1,038 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $28.35, for a total transaction of $29,427.30. Following the sale, the executive now owns 204,824 shares in the company, valued at approximately $5,806,760.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director R. H. Seale sold 22,300 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $28.41, for a total transaction of $633,543.00. Following the sale, the director now owns 493,254 shares in the company, valued at approximately $14,013,346.14. The disclosure for this sale can be found here. Insiders have sold a total of 67,938 shares of company stock valued at $2,152,833 over the last three months. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Q2

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Q2 by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,358,013 shares of the technology company’s stock valued at $172,527,000 after acquiring an additional 80,534 shares during the period. Wasatch Advisors LP lifted its stake in Q2 by 37.1% during the 2nd quarter. Wasatch Advisors LP now owns 4,992,304 shares of the technology company’s stock valued at $154,262,000 after acquiring an additional 1,350,892 shares during the period. Brown Capital Management LLC lifted its stake in Q2 by 5.3% during the 1st quarter. Brown Capital Management LLC now owns 3,315,478 shares of the technology company’s stock valued at $81,627,000 after acquiring an additional 167,060 shares during the period. Conestoga Capital Advisors LLC lifted its stake in Q2 by 1.6% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,218,258 shares of the technology company’s stock valued at $54,614,000 after acquiring an additional 34,716 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in Q2 by 2.2% during the 1st quarter. Macquarie Group Ltd. now owns 1,800,789 shares of the technology company’s stock valued at $44,335,000 after acquiring an additional 38,855 shares during the period.

Q2 Price Performance

QTWO stock opened at $33.34 on Friday. The firm has a 50 day moving average of $33.36 and a 200-day moving average of $28.90. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.11. Q2 has a 12 month low of $18.91 and a 12 month high of $42.63. The firm has a market capitalization of $1.95 billion, a P/E ratio of -22.84 and a beta of 1.44.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). Q2 had a negative net margin of 14.08% and a negative return on equity of 9.76%. The firm had revenue of $154.61 million during the quarter, compared to the consensus estimate of $154.11 million. As a group, sell-side analysts predict that Q2 will post -0.57 earnings per share for the current fiscal year.

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.