Analysts Set Q2 Holdings (QTWO) PT at $47.67

Q2 Holdings (NYSE:QTWO) has been given an average rating of “Buy” by the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $47.67.

A number of brokerages recently commented on QTWO. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 price target on shares of Q2 in a report on Friday, February 16th. ValuEngine raised shares of Q2 from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Needham & Company LLC increased their price target on shares of Q2 from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, February 16th. Morgan Stanley increased their price target on shares of Q2 from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Friday, February 16th. Finally, Wells Fargo began coverage on shares of Q2 in a report on Thursday, February 8th. They issued an “outperform” rating and a $50.00 price target for the company.

How to Become a New Pot Stock Millionaire

Shares of NYSE:QTWO traded up $0.85 during trading on Friday, reaching $49.60. The company’s stock had a trading volume of 76,427 shares, compared to its average volume of 337,243. Q2 has a 12 month low of $31.95 and a 12 month high of $49.65. The company has a market cap of $1,996.34, a price-to-earnings ratio of -101.56 and a beta of 1.41.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. Q2 had a negative net margin of 13.49% and a negative return on equity of 19.34%. The firm had revenue of $51.70 million during the quarter, compared to the consensus estimate of $51.70 million. During the same quarter last year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. equities research analysts predict that Q2 will post -0.44 earnings per share for the current fiscal year.

In other news, EVP John E. Breeden sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $39.04, for a total transaction of $390,400.00. Following the transaction, the executive vice president now directly owns 50,408 shares of the company’s stock, valued at $1,967,928.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Barry G. Benton sold 1,425 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was 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 in the company, valued at $896,952. The disclosure for this sale can be found here. In the last three months, insiders sold 355,963 shares of company stock valued at $15,862,722. 24.50% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Q2 by 7.0% during the fourth quarter. BlackRock Inc. now owns 2,066,353 shares of the technology company’s stock worth $76,145,000 after acquiring an additional 135,134 shares during the period. TimesSquare Capital Management LLC increased its position in shares of Q2 by 15.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,630,218 shares of the technology company’s stock worth $60,074,000 after acquiring an additional 218,855 shares during the period. Wells Fargo & Company MN increased its position in shares of Q2 by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,549,549 shares of the technology company’s stock worth $57,102,000 after acquiring an additional 45,177 shares during the period. OppenheimerFunds Inc. increased its position in shares of Q2 by 21.5% during the fourth quarter. OppenheimerFunds Inc. now owns 1,226,098 shares of the technology company’s stock worth $45,182,000 after acquiring an additional 217,200 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of Q2 by 11.5% during the fourth quarter. Macquarie Group Ltd. now owns 796,669 shares of the technology company’s stock worth $29,357,000 after acquiring an additional 82,441 shares during the period. 90.04% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Analysts Set Q2 Holdings (QTWO) PT at $47.67” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://ledgergazette.com/2018/04/18/analysts-set-q2-holdings-qtwo-pt-at-47-67.html.

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 Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

Analyst Recommendations for Q2 (NYSE:QTWO)

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.

Leave a Reply