Compass Point initiated coverage on shares of Q2 (NYSE:QTWO) in a report published on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $105.00 price target on the technology company’s stock.
A number of other research firms also recently weighed in on QTWO. Craig Hallum restated a buy rating and issued a $85.00 target price (up from $80.00) on shares of Q2 in a report on Thursday, May 9th. Zacks Investment Research upgraded shares of Q2 from a sell rating to a hold rating in a report on Saturday. KeyCorp boosted their target price on shares of Q2 from $83.00 to $98.00 and gave the stock an overweight rating in a report on Friday, August 9th. Royal Bank of Canada boosted their target price on shares of Q2 from $79.00 to $94.00 and gave the stock an outperform rating in a report on Thursday, August 8th. Finally, Stifel Nicolaus boosted their target price on shares of Q2 from $74.00 to $82.00 and gave the stock a buy rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $79.75.
Q2 stock opened at $89.69 on Tuesday. The business has a 50-day simple moving average of $79.47. Q2 has a twelve month low of $43.41 and a twelve month high of $89.73. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market cap of $3.96 billion, a P/E ratio of -242.41 and a beta of 1.38.
Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.01. Q2 had a negative net margin of 20.73% and a negative return on equity of 18.28%. The firm had revenue of $77.60 million for the quarter, compared to the consensus estimate of $76.10 million. During the same period in the previous year, the firm posted $0.01 EPS. The business’s quarterly revenue was up 32.0% on a year-over-year basis. As a group, sell-side analysts forecast that Q2 will post -0.65 earnings per share for the current year.
In related news, insider Matthew P. Flake sold 25,000 shares of Q2 stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $80.52, for a total transaction of $2,013,000.00. Following the completion of the transaction, the insider now directly owns 323,999 shares of the company’s stock, valued at approximately $26,088,399.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Odus Edward Wittenburg, Jr. sold 15,000 shares of Q2 stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $80.61, for a total transaction of $1,209,150.00. Following the transaction, the executive vice president now directly owns 121,173 shares of the company’s stock, valued at $9,767,755.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 480,537 shares of company stock valued at $35,941,718. 12.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Prescott Group Capital Management L.L.C. boosted its position in Q2 by 3.1% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 4,125 shares of the technology company’s stock valued at $315,000 after buying an additional 125 shares during the period. Valeo Financial Advisors LLC boosted its position in Q2 by 67.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 385 shares of the technology company’s stock valued at $29,000 after buying an additional 155 shares during the period. First Mercantile Trust Co. boosted its position in Q2 by 7.1% in the 1st quarter. First Mercantile Trust Co. now owns 8,205 shares of the technology company’s stock valued at $568,000 after buying an additional 547 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Q2 in the 2nd quarter valued at about $42,000. Finally, Tortoise Index Solutions LLC purchased a new stake in Q2 in the 1st quarter valued at about $39,000. 99.30% of the stock is owned by institutional investors.
Q2 Company Profile
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
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