Press coverage about Q2 Holdings (NYSE:QTWO) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Q2 Holdings earned a news impact score of 0.21 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.1318273838197 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of analysts have recently issued reports on the stock. ValuEngine raised shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Canaccord Genuity reissued a “buy” rating and issued a $43.00 price objective on shares of Q2 Holdings in a research note on Tuesday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Q2 Holdings in a research note on Friday, May 5th. BTIG Research raised shares of Q2 Holdings from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, May 15th. Finally, Zacks Investment Research raised shares of Q2 Holdings from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.13.
Shares of Q2 Holdings (QTWO) traded up 1.562% during trading on Thursday, hitting $40.625. 25,585 shares of the company were exchanged. The firm’s market capitalization is $1.68 billion. The firm’s 50-day moving average price is $38.17 and its 200 day moving average price is $37.13. Q2 Holdings has a 12 month low of $25.23 and a 12 month high of $41.70.
In other Q2 Holdings news, Director Michael Maurice Brown sold 28,885 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $39.57, for a total value of $1,142,979.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Barry G. Benton sold 4,083 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $37.49, for a total value of $153,071.67. Following the completion of the transaction, the senior vice president now owns 24,820 shares of the company’s stock, valued at approximately $930,501.80. The disclosure for this sale can be found here. Insiders sold 350,506 shares of company stock valued at $13,276,771 in the last quarter. 24.50% of the stock is currently owned by company insiders.
About Q2 Holdings
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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