Q2 (NYSE:QTWO) is scheduled to release its earnings data after the market closes on Tuesday, February 13th. Analysts expect Q2 to post earnings of $0.01 per share for the quarter.
Q2 (NYSE QTWO) opened at $40.70 on Tuesday. The stock has a market capitalization of $1,700.00, a price-to-earnings ratio of -58.99 and a beta of 1.59. Q2 has a twelve month low of $31.25 and a twelve month high of $44.35.
In other news, President Odus Edward Wittenburg, Jr. sold 20,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $42.87, for a total value of $857,400.00. Following the completion of the sale, the president now directly owns 95,660 shares in the company, valued at $4,100,944.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey T. Diehl sold 800,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $41.50, for a total value of $33,200,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 941,511 shares of company stock valued at $38,818,440. 24.50% of the stock is currently owned by corporate insiders.
A number of brokerages have issued reports on QTWO. JPMorgan Chase & Co. cut Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Tuesday, December 12th. Morgan Stanley lifted their price objective on Q2 from $40.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Needham & Company LLC reissued a “buy” rating and set a $48.00 price objective on shares of Q2 in a report on Friday, November 3rd. BidaskClub cut Q2 from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, Canaccord Genuity reissued a “hold” rating and set a $43.00 price objective on shares of Q2 in a report on Monday, October 30th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $45.36.
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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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