Q2 (QTWO) Earns Buy Rating from Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Q2 (NYSE:QTWO) in a report published on Friday. They currently have a $50.00 price target on the technology company’s stock.

Several other equities analysts have also recently issued reports on QTWO. JPMorgan Chase & Co. cut shares of Q2 from an overweight rating to a neutral rating and set a $50.00 price objective on the stock. in a research note on Tuesday, December 12th. BTIG Research reaffirmed a buy rating and issued a $47.00 price objective on shares of Q2 in a research note on Sunday, November 5th. Morgan Stanley lifted their price objective on shares of Q2 from $40.00 to $44.00 and gave the stock an equal weight rating in a research note on Friday, November 3rd. Canaccord Genuity reaffirmed a hold rating and issued a $43.00 price objective on shares of Q2 in a research note on Monday, October 30th. Finally, DA Davidson assumed coverage on shares of Q2 in a research note on Thursday, November 16th. They issued a neutral rating and a $38.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Q2 presently has an average rating of Buy and an average price target of $46.58.

Shares of Q2 (NYSE QTWO) opened at $45.70 on Friday. Q2 has a 52-week low of $31.95 and a 52-week high of $46.10. The company has a market cap of $1,920.69, a PE ratio of -72.54 and a beta of 1.59.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Q2 had a negative net margin of 13.49% and a negative return on equity of 19.61%. The company had revenue of $51.70 million for the quarter, compared to the consensus estimate of $51.70 million. During the same period in the previous year, the firm earned ($0.03) EPS. Q2’s revenue was up 22.5% on a year-over-year basis. sell-side analysts forecast that Q2 will post -0.38 EPS for the current year.

In related news, SVP Barry G. Benton sold 1,425 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $42.00, for a total transaction of $59,850.00. Following the transaction, the senior vice president now directly owns 21,356 shares of the company’s stock, valued at $896,952. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William M. Furrer sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $37.69, for a total transaction of $301,520.00. Following the transaction, the insider now directly owns 43,614 shares in the company, valued at $1,643,811.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,011 shares of company stock worth $4,265,605. 24.50% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in QTWO. Ameritas Investment Partners Inc. grew its position in Q2 by 38.1% during the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after purchasing an additional 759 shares in the last quarter. Jefferies Group LLC purchased a new position in Q2 during the fourth quarter valued at approximately $201,000. Virtu Financial LLC purchased a new position in Q2 during the fourth quarter valued at approximately $205,000. GSA Capital Partners LLP purchased a new position in Q2 during the second quarter valued at approximately $207,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Q2 during the third quarter valued at approximately $217,000. 89.88% of the stock is currently owned by hedge funds and other institutional investors.

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About Q2

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.

Analyst Recommendations for Q2 (NYSE:QTWO)

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