Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Recommendation of "Moderate Buy" by Analysts

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) has received a consensus rating of "Moderate Buy" from the fifteen analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $55.33.

A number of brokerages have recently commented on QTWO. Needham & Company LLC lifted their price target on shares of Q2 from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd. Royal Bank of Canada raised their price target on shares of Q2 from $46.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, May 2nd. Truist Financial restated a "buy" rating and issued a $65.00 target price (up previously from $60.00) on shares of Q2 in a report on Thursday, May 2nd. BTIG Research lifted their price objective on Q2 from $48.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. Finally, Morgan Stanley restated an "equal weight" rating and set a $50.00 target price (up previously from $40.00) on shares of Q2 in a research report on Thursday, May 2nd.

Q2 Price Performance

Shares of NYSE QTWO traded down $0.68 during midday trading on Thursday, reaching $61.23. The company's stock had a trading volume of 347,906 shares, compared to its average volume of 635,623. The company has a market cap of $3.68 billion, a P/E ratio of -45.37 and a beta of 1.47. Q2 has a fifty-two week low of $25.98 and a fifty-two week high of $63.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.38 and a current ratio of 2.38. The business's 50 day moving average price is $53.29 and its two-hundred day moving average price is $44.94.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. The business had revenue of $162.12 million for the quarter, compared to analyst estimates of $161.31 million. On average, analysts forecast that Q2 will post -0.05 EPS for the current fiscal year.

Insider Activity at Q2

In other news, CEO Matthew P. Flake sold 29,149 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $46.01, for a total value of $1,341,145.49. Following the completion of the transaction, the chief executive officer now directly owns 444,262 shares in the company, valued at approximately $20,440,494.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Q2 news, Director James Offerdahl sold 1,040 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $44.81, for a total transaction of $46,602.40. Following the completion of the sale, the director now directly owns 17,130 shares in the company, valued at $767,595.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Matthew P. Flake sold 29,149 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $46.01, for a total value of $1,341,145.49. Following the sale, the chief executive officer now owns 444,262 shares of the company's stock, valued at $20,440,494.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 167,181 shares of company stock valued at $7,851,375. Company insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On Q2

Several institutional investors and hedge funds have recently bought and sold shares of QTWO. Natixis Advisors L.P. increased its position in Q2 by 1.6% during the 4th quarter. Natixis Advisors L.P. now owns 16,188 shares of the technology company's stock valued at $702,000 after buying an additional 259 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in Q2 by 4.4% in the first quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company's stock worth $377,000 after buying an additional 304 shares during the last quarter. Arizona State Retirement System raised its holdings in Q2 by 2.2% in the 3rd quarter. Arizona State Retirement System now owns 16,570 shares of the technology company's stock worth $535,000 after acquiring an additional 352 shares during the last quarter. Diversified Trust Co lifted its position in Q2 by 2.7% in the 4th quarter. Diversified Trust Co now owns 13,670 shares of the technology company's stock valued at $593,000 after acquiring an additional 363 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in Q2 by 156.5% during the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company's stock valued at $27,000 after purchasing an additional 374 shares during 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.