Q2 (QTWO) Downgraded by SunTrust Banks to “Hold”

SunTrust Banks downgraded shares of Q2 (NYSE:QTWO) from a buy rating to a hold rating in a research report sent to investors on Monday, Marketbeat Ratings reports. SunTrust Banks currently has $45.00 price target on the technology company’s stock. The analysts noted that the move was a valuation call.

Several other research firms also recently commented on QTWO. BTIG Research downgraded shares of Q2 from a buy rating to a neutral rating in a research note on Thursday, May 10th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price objective on shares of Q2 from $50.00 to $59.00 and gave the stock a buy rating in a research note on Friday, May 4th. Loop Capital lifted their price objective on shares of Q2 to $61.00 and gave the stock a buy rating in a research note on Friday, May 4th. Morgan Stanley lifted their price objective on shares of Q2 to $47.00 and gave the stock an equal weight rating in a research note on Monday, May 7th. Finally, TheStreet upgraded shares of Q2 from a d rating to a c rating in a research note on Thursday, May 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $50.25.

Shares of QTWO opened at $57.30 on Monday. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of -119.38 and a beta of 1.40. Q2 has a twelve month low of $31.95 and a twelve month high of $58.60. The company has a debt-to-equity ratio of 1.13, a current ratio of 5.35 and a quick ratio of 5.35.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, May 2nd. The technology company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The company had revenue of $54.80 million during the quarter, compared to the consensus estimate of $53.01 million. Q2 had a negative net margin of 12.32% and a negative return on equity of 16.28%. Q2’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) earnings per share. equities analysts predict that Q2 will post -0.5 earnings per share for the current fiscal year.

In related news, CEO Matthew P. Flake sold 45,150 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $43.13, for a total transaction of $1,947,319.50. Following the completion of the transaction, the chief executive officer now owns 201,761 shares of the company’s stock, valued at $8,701,951.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Barry G. Benton sold 6,055 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $43.71, for a total transaction of $264,664.05. Following the transaction, the senior vice president now directly owns 19,581 shares of the company’s stock, valued at approximately $855,885.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 361,536 shares of company stock valued at $16,394,592. 24.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of QTWO. Wasatch Advisors Inc. purchased a new position in shares of Q2 during the first quarter worth $29,912,000. Victory Capital Management Inc. purchased a new position in Q2 in the fourth quarter valued at $19,967,000. Venturi Wealth Management LLC increased its holdings in Q2 by 352.5% in the first quarter. Venturi Wealth Management LLC now owns 379,125 shares of the technology company’s stock valued at $17,269,000 after buying an additional 295,337 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in Q2 by 19.1% in the first quarter. OppenheimerFunds Inc. now owns 1,459,814 shares of the technology company’s stock valued at $66,495,000 after buying an additional 233,716 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in Q2 by 15.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,630,218 shares of the technology company’s stock valued at $60,074,000 after buying an additional 218,855 shares in the last quarter. 92.99% of the stock is owned by hedge funds and other institutional investors.

About Q2

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)

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