Q2 Holdings, Inc. (NYSE:QTWO) insider Adam D. Blue sold 30,000 shares of Q2 stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.82, for a total value of $1,224,600.00. Following the completion of the sale, the insider now directly owns 50,805 shares in the company, valued at approximately $2,073,860.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Q2 Holdings, Inc. (QTWO) opened at $41.40 on Monday. Q2 Holdings, Inc. has a 1 year low of $27.80 and a 1 year high of $44.35.
Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $50.05 million. During the same quarter in the previous year, the firm earned ($0.24) EPS. The business’s quarterly revenue was up 30.8% on a year-over-year basis. analysts anticipate that Q2 Holdings, Inc. will post -0.48 EPS for the current year.
A number of equities research analysts recently issued reports on the company. Loop Capital lifted their target price on Q2 from $42.00 to $49.00 and gave the company a “positive” rating in a research report on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of Q2 in a research report on Friday, November 3rd. Zacks Investment Research raised Q2 from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “hold” rating and set a $43.00 price target on shares of Q2 in a research report on Monday, October 30th. Finally, DA Davidson assumed coverage on Q2 in a research report on Thursday, November 16th. They set a “neutral” rating and a $38.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $44.90.
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Q2 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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