Q2 (NYSE:QTWO) Price Target Cut to $86.00 by Analysts at Royal Bank Of Canada

Q2 (NYSE:QTWO) had its target price dropped by investment analysts at Royal Bank Of Canada from $102.00 to $86.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the technology company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 24.15% from the stock’s current price.

Several other research analysts have also weighed in on QTWO. Cantor Fitzgerald lowered their price objective on Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Zacks Research lowered Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen lowered Q2 from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Needham & Company LLC decreased their target price on Q2 from $115.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Q2 from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, September 24th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.88.

Q2 Stock Up 13.3%

QTWO traded up $8.15 during midday trading on Thursday, hitting $69.27. 1,189,896 shares of the company were exchanged, compared to its average volume of 860,111. The firm’s 50 day moving average price is $70.47 and its 200-day moving average price is $80.36. Q2 has a 1-year low of $58.57 and a 1-year high of $112.82. The firm has a market capitalization of $4.33 billion, a P/E ratio of 1,385.92 and a beta of 1.48.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32). Q2 had a return on equity of 7.57% and a net margin of 0.66%.The business had revenue of $201.70 million during the quarter, compared to the consensus estimate of $197.87 million. During the same period last year, the business posted ($0.20) earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that Q2 will post 0.67 earnings per share for the current fiscal year.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 786 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $74.15, for a total value of $58,281.90. Following the transaction, the director owned 17,792 shares in the company, valued at $1,319,276.80. The trade was a 4.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John E. Breeden sold 6,105 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $75.27, for a total value of $459,523.35. Following the completion of the transaction, the insider owned 149,643 shares in the company, valued at $11,263,628.61. The trade was a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,499 shares of company stock worth $650,658 in the last 90 days. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Q2

A number of hedge funds and other institutional investors have recently modified their holdings of QTWO. Invesco Ltd. raised its holdings in Q2 by 4.8% during the 2nd quarter. Invesco Ltd. now owns 2,803,611 shares of the technology company’s stock valued at $262,390,000 after acquiring an additional 128,387 shares during the period. Wasatch Advisors LP raised its holdings in Q2 by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 2,098,037 shares of the technology company’s stock valued at $196,355,000 after acquiring an additional 25,493 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Q2 by 11.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,039,416 shares of the technology company’s stock valued at $147,633,000 after acquiring an additional 213,415 shares during the period. Geode Capital Management LLC raised its holdings in Q2 by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,470,279 shares of the technology company’s stock valued at $137,620,000 after acquiring an additional 26,858 shares during the period. Finally, Jennison Associates LLC raised its holdings in Q2 by 3.1% during the 2nd quarter. Jennison Associates LLC now owns 1,342,772 shares of the technology company’s stock valued at $125,670,000 after acquiring an additional 41,000 shares during the period.

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.