Q2 (NYSE:QTWO)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Friday, February 16th. They presently have a $50.00 target price on the technology company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 6.04% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. SunTrust Banks reaffirmed a “buy” rating on shares of Q2 in a 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 report on Friday, November 3rd. BidaskClub raised shares of Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. BTIG Research reaffirmed a “buy” rating and set a $47.00 price target on shares of Q2 in a report on Sunday, November 5th. Finally, Morgan Stanley raised their price objective on shares of Q2 from $40.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.58.
Q2 (QTWO) traded up $0.10 during trading on Friday, hitting $47.15. 250,412 shares of the stock traded hands, compared to its average volume of 353,862. Q2 has a 52 week low of $31.95 and a 52 week high of $48.40. The firm has a market capitalization of $2,013.16, a price-to-earnings ratio of -74.84 and a beta of 1.43.
Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $51.70 million during the quarter, compared to analyst estimates of $51.70 million. Q2 had a negative net margin of 13.49% and a negative return on equity of 19.34%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. sell-side analysts anticipate that Q2 will post -0.44 earnings per share for the current year.
In other news, CEO Matthew P. Flake sold 43,859 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $45.44, for a total value of $1,992,952.96. Following the transaction, the chief executive officer now directly owns 127,402 shares in the company, valued at approximately $5,789,146.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew P. Flake sold 45,150 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $43.13, for a total transaction of $1,947,319.50. Following the completion of the transaction, the chief executive officer now owns 201,761 shares in the company, valued at $8,701,951.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 235,083 shares of company stock valued at $9,939,413. 24.50% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its position in Q2 by 38.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after purchasing an additional 759 shares during the last quarter. Jefferies Group LLC bought a new stake in Q2 in the 4th quarter valued at about $201,000. Virtu Financial LLC bought a new stake in Q2 in the 4th quarter valued at about $205,000. GSA Capital Partners LLP bought a new stake in Q2 in the 2nd quarter valued at about $207,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Q2 in the 3rd quarter valued at about $217,000. Institutional investors own 90.04% of the company’s stock.
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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