Equities researchers at Stephens started coverage on shares of Q2 (NYSE:QTWO) in a research report issued on Thursday, The Fly reports. The brokerage set an “equal weight” rating on the technology company’s stock.
Other research analysts have also issued reports about the stock. Raymond James upped their target price on shares of Q2 from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, September 10th. ValuEngine upgraded shares of Q2 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 12th. Canaccord Genuity upped their target price on shares of Q2 from $53.00 to $60.00 and gave the stock a “hold” rating in a research report on Thursday, June 21st. Craig Hallum set a $70.00 target price on shares of Q2 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, Zacks Investment Research upgraded shares of Q2 from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Saturday, August 11th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Q2 currently has a consensus rating of “Buy” and an average price target of $59.36.
Shares of Q2 stock traded down $0.55 during trading on Thursday, hitting $59.95. The stock had a trading volume of 465,794 shares, compared to its average volume of 342,157. The stock has a market cap of $2.66 billion, a P/E ratio of -124.90 and a beta of 1.42. Q2 has a 12 month low of $36.25 and a 12 month high of $67.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 6.00 and a current ratio of 6.00.
Q2 (NYSE:QTWO) last released its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.15. The firm had revenue of $58.57 million for the quarter, compared to analysts’ expectations of $58.34 million. Q2 had a negative net margin of 12.07% and a negative return on equity of 14.66%. sell-side analysts predict that Q2 will post -0.53 earnings per share for the current year.
In other Q2 news, SVP Barry G. Benton sold 5,541 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $65.73, for a total transaction of $364,209.93. Following the completion of the transaction, the senior vice president now owns 38,140 shares of the company’s stock, valued at $2,506,942.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl James Schaper sold 17,752 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $66.19, for a total transaction of $1,175,004.88. Following the transaction, the director now directly owns 31,844 shares of the company’s stock, valued at approximately $2,107,754.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,320,196 shares of company stock valued at $78,229,369. 17.90% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in QTWO. SG Americas Securities LLC purchased a new stake in Q2 in the second quarter worth approximately $132,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Q2 during the 2nd quarter worth $200,000. Brick & Kyle Associates purchased a new position in shares of Q2 during the 2nd quarter worth $228,000. Aperio Group LLC purchased a new position in shares of Q2 during the 1st quarter worth $230,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Q2 during the 1st quarter worth $260,000. 93.55% of the stock is owned by institutional investors and hedge funds.
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.
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