Compass Point Reiterates Neutral Rating for Q2 (NYSE:QTWO)

Q2 (NYSE:QTWO)‘s stock had its “neutral” rating reissued by research analysts at Compass Point in a research report issued on Monday,Benzinga reports.

Other equities analysts have also issued reports about the stock. Robert W. Baird restated a “neutral” rating and issued a $99.00 price objective (up from $89.00) on shares of Q2 in a report on Friday, January 10th. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Raymond James lifted their price objective on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Truist Financial restated a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Finally, Royal Bank of Canada lifted their price target on shares of Q2 from $105.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.47.

Q2 Stock Performance

Shares of QTWO opened at $70.42 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a market cap of $4.28 billion, a P/E ratio of -108.33 and a beta of 1.62. The business’s 50 day moving average price is $85.20 and its 200-day moving average price is $90.91. Q2 has a 52 week low of $49.56 and a 52 week high of $112.82.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Equities research analysts anticipate that Q2 will post 0.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Q2 news, Director James Offerdahl sold 1,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares of the company’s stock, valued at $1,516,518.36. This represents a 5.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew P. Flake sold 36,023 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total value of $2,894,448.05. Following the transaction, the chief executive officer now owns 485,666 shares of the company’s stock, valued at approximately $39,023,263.10. The trade was a 6.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Q2

Several institutional investors have recently added to or reduced their stakes in QTWO. William Blair Investment Management LLC bought a new position in shares of Q2 during the 4th quarter valued at approximately $202,645,000. State Street Corp raised its stake in Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after purchasing an additional 5,000 shares in the last quarter. Capital Research Global Investors lifted its position in Q2 by 11.2% during the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after purchasing an additional 152,872 shares during the last quarter. Geode Capital Management LLC lifted its position in Q2 by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after purchasing an additional 36,025 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Q2 by 107.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after buying an additional 698,464 shares in the last quarter.

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.