Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Recommendation of “Moderate Buy” by Brokerages (2024)

Posted by ABMN Staff on May 16th, 2024

Shares of Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $55.33.

Several research firms recently issued reports on QTWO. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price objective (up previously from $40.00) on shares of Q2 in a research note on Thursday, May 2nd. Canaccord Genuity Group lifted their price objective on Q2 from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Needham & Company LLC upped their price target on Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. BTIG Research raised their target price on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada upped their price target on Q2 from $46.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 2nd.

Read Our Latest Research Report on Q2

Q2 Stock Performance

NYSE QTWO opened at $61.91 on Thursday. Q2 has a 52-week low of $24.99 and a 52-week high of $63.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.38 and a current ratio of 2.38. The company has a 50-day simple moving average of $53.29 and a 200 day simple moving average of $44.94. The company has a market capitalization of $3.72 billion, a PE ratio of -45.86 and a beta of 1.47.

Q2 (NYSE:QTWO – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $162.12 million for the quarter, compared to analysts’ expectations of $161.31 million. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. On average, research analysts predict that Q2 will post -0.05 EPS for the current year.

Insider Buying and Selling at Q2

In other Q2 news, President Kirk L. Coleman sold 2,904 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $46.01, for a total transaction of $133,613.04. Following the completion of the sale, the president now directly owns 253,015 shares in the company, valued at approximately $11,641,220.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, President Kirk L. Coleman sold 4,437 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $46.50, for a total transaction of $206,320.50. Following the completion of the transaction, the president now directly owns 248,578 shares of the company’s stock, valued at $11,558,877. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Kirk L. Coleman sold 2,904 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $46.01, for a total transaction of $133,613.04. Following the sale, the president now owns 253,015 shares in the company, valued at $11,641,220.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 167,181 shares of company stock valued at $7,851,375. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Q2

Institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors L.P. grew its stake in Q2 by 1.6% in the 4th quarter. Natixis Advisors L.P. now owns 16,188 shares of the technology company’s stock valued at $702,000 after acquiring an additional 259 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in shares of Q2 by 4.4% in the 1st quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company’s stock valued at $377,000 after purchasing an additional 304 shares during the last quarter. Arizona State Retirement System increased its stake in Q2 by 2.2% during the third quarter. Arizona State Retirement System now owns 16,570 shares of the technology company’s stock worth $535,000 after acquiring an additional 352 shares during the last quarter. Diversified Trust Co raised its holdings in Q2 by 2.7% in the fourth quarter. Diversified Trust Co now owns 13,670 shares of the technology company’s stock valued at $593,000 after buying an additional 363 shares during the period. Finally, MCF Advisors LLC raised its position in Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after purchasing an additional 374 shares during the period.

Q2 Company Profile

(Get Free Report

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.

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.