A number of other equities research analysts have also recently issued reports on QTWO. Royal Bank Of Canada reaffirmed an outperform rating and issued a $48.00 target price (up from $43.00) on shares of Q2 Holdings in a report on Friday. Needham & Company LLC reaffirmed a buy rating and issued a $48.00 target price on shares of Q2 Holdings in a report on Friday. Loop Capital upped their target price on shares of Q2 Holdings from $42.00 to $49.00 and gave the company a positive rating in a report on Friday. Canaccord Genuity cut shares of Q2 Holdings from a buy rating to a hold rating in a report on Thursday. Finally, Morgan Stanley upped their target price on shares of Q2 Holdings from $40.00 to $44.00 and gave the company an equal weight rating in a report on Friday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $45.67.
Q2 Holdings (NYSE:QTWO) traded up $0.85 during trading on Friday, hitting $42.75. 441,176 shares of the stock were exchanged, compared to its average volume of 178,625. Q2 Holdings has a one year low of $27.10 and a one year high of $43.65.
Q2 Holdings (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.05. The company had revenue of $50.10 million during the quarter, compared to the consensus estimate of $50.05 million. Q2 Holdings had a negative net margin of 15.27% and a negative return on equity of 20.62%. The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) EPS. research analysts anticipate that Q2 Holdings will post -0.54 earnings per share for the current year.
In other Q2 Holdings news, CEO Matthew P. Flake sold 30,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $39.67, for a total transaction of $1,190,100.00. Following the transaction, the chief executive officer now owns 222,459 shares in the company, valued at approximately $8,824,948.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John E. Breeden sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $41.50, for a total transaction of $415,000.00. Following the transaction, the executive vice president now owns 64,694 shares in the company, valued at approximately $2,684,801. The disclosure for this sale can be found here. Over the last three months, insiders sold 231,908 shares of company stock worth $9,390,327. Insiders own 24.50% of the company’s stock.
Several large investors have recently made changes to their positions in QTWO. Dubuque Bank & Trust Co. acquired a new position in shares of Q2 Holdings during the 2nd quarter worth approximately $102,000. Ameritas Investment Partners Inc. grew its position in shares of Q2 Holdings by 38.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock worth $102,000 after purchasing an additional 759 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Q2 Holdings during the 1st quarter worth approximately $109,000. Oppenheimer Asset Management Inc. grew its position in shares of Q2 Holdings by 16,455.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,980 shares of the technology company’s stock worth $110,000 after purchasing an additional 2,962 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new position in shares of Q2 Holdings during the 2nd quarter worth approximately $111,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.
Q2 Holdings Company Profile
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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