Q2 (NYSE:QTWO) posted its quarterly earnings results on Tuesday. The technology company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04, Bloomberg Earnings reports. The business had revenue of $51.70 million during the quarter, compared to the consensus estimate of $51.70 million. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) earnings per share.
Shares of Q2 (NYSE QTWO) traded up $0.55 during mid-day trading on Wednesday, reaching $43.75. The company’s stock had a trading volume of 373,844 shares, compared to its average volume of 234,214. Q2 has a 12 month low of $31.30 and a 12 month high of $44.70. The firm has a market capitalization of $1,820.00, a P/E ratio of -63.41 and a beta of 1.59.
In other news, EVP John E. Breeden sold 10,000 shares of Q2 stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $43.14, for a total transaction of $431,400.00. Following the sale, the executive vice president now owns 64,694 shares of the company’s stock, valued at $2,790,899.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carl James Schaper sold 20,000 shares of Q2 stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $36.86, for a total value of $737,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,011 shares of company stock valued at $4,697,005. 24.50% of the stock is currently owned by insiders.
A number of research firms recently commented on QTWO. Wells Fargo & Co began coverage on Q2 in a research note on Thursday, February 8th. They issued an “outperform” rating and a $50.00 price target for the company. JPMorgan Chase & Co. downgraded Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Tuesday, December 12th. DA Davidson began coverage on Q2 in a research note on Thursday, November 16th. They issued a “neutral” rating and a $38.00 target price for the company. BidaskClub upgraded Q2 from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, BTIG Research restated a “buy” rating and issued a $47.00 target price on shares of Q2 in a research note on Sunday, November 5th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.75.
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Q2 Company Profile
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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