Brokerages Set Q2 Holdings, Inc. (NYSE:QTWO) PT at $45.33

Q2 Holdings, Inc. (NYSE:QTWO) has received an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $48.20.

A number of brokerages have commented on QTWO. Stifel Nicolaus increased their target price on Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday. DA Davidson increased their price objective on Q2 from $48.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group boosted their target price on shares of Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Canaccord Genuity Group raised their price target on shares of Q2 from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Needham & Company LLC boosted their price objective on shares of Q2 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd.

Q2 Trading Up 0.7 %

NYSE:QTWO opened at $53.28 on Friday. Q2 has a 52-week low of $21.21 and a 52-week high of $54.50. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $49.68 and a 200-day simple moving average of $42.43. The company has a market capitalization of $3.15 billion, a PE ratio of -47.15 and a beta of 1.49.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $161.31 million. Q2 had a negative net margin of 10.47% and a negative return on equity of 6.75%. On average, equities research analysts expect that Q2 will post -0.05 earnings per share for the current fiscal year.

Insider Transactions at Q2

In other news, CEO Matthew P. Flake sold 46,937 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $42.20, for a total value of $1,980,741.40. Following the transaction, the chief executive officer now directly owns 473,411 shares in the company, valued at approximately $19,977,944.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director R. H. Seale sold 9,000 shares of Q2 stock in a transaction on Friday, April 19th. The shares were sold at an average price of $50.10, for a total transaction of $450,900.00. Following the transaction, the director now owns 363,754 shares in the company, valued at approximately $18,224,075.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 46,937 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $42.20, for a total transaction of $1,980,741.40. Following the sale, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at $19,977,944.20. The disclosure for this sale can be found here. Insiders sold a total of 337,639 shares of company stock worth $14,994,784 in the last ninety days. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of QTWO. MCF Advisors LLC grew its stake in shares of Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after buying an additional 374 shares in the last quarter. International Assets Investment Management LLC grew its position in Q2 by 2,582.4% in the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock valued at $40,000 after acquiring an additional 878 shares in the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of Q2 by 193.7% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after purchasing an additional 738 shares during the period. RiverPark Advisors LLC raised its stake in shares of Q2 by 261.0% during the fourth quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock valued at $58,000 after purchasing an additional 963 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Q2 during the third quarter worth $97,000.

Q2 Company Profile

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.