Jeffrey T. Diehl Sells 1,015 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) Director Jeffrey T. Diehl sold 1,015 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $61.00, for a total value of $61,915.00. Following the completion of the sale, the director now owns 721,184 shares of the company’s stock, valued at $43,992,224. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Q2 Price Performance

Shares of QTWO stock opened at $61.14 on Friday. Q2 Holdings, Inc. has a fifty-two week low of $27.17 and a fifty-two week high of $64.17. The stock’s 50-day simple moving average is $57.19 and its 200-day simple moving average is $48.19. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38.

Q2 (NYSE:QTWOGet Free Report) last posted its earnings results on Wednesday, May 1st. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $165.51 million for the quarter, compared to analyst estimates of $163.58 million. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. On average, analysts forecast that Q2 Holdings, Inc. will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stifel Nicolaus upped their target price on Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada upped their price objective on Q2 from $46.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 2nd. Needham & Company LLC upped their price objective on Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Canaccord Genuity Group upped their price objective on Q2 from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, DA Davidson upped their price objective on Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.33.

Get Our Latest Stock Analysis on QTWO

Institutional Trading of Q2

Several hedge funds and other institutional investors have recently bought and sold shares of QTWO. MCF Advisors LLC boosted its position in Q2 by 156.5% during the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after purchasing an additional 374 shares in the last quarter. International Assets Investment Management LLC boosted its position in Q2 by 2,582.4% during the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after purchasing an additional 878 shares in the last quarter. Arcadia Investment Management Corp MI boosted its position in Q2 by 193.7% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock worth $49,000 after purchasing an additional 738 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Q2 during the first quarter worth approximately $50,000. Finally, RiverPark Advisors LLC boosted its position in Q2 by 261.0% during the fourth quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock worth $58,000 after purchasing an additional 963 shares in the last quarter.

Q2 Company Profile

(Get Free Report)

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.

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