Q2 (NYSE:QTWO) Stock Rating Reaffirmed by DA Davidson

DA Davidson reissued their neutral rating on shares of Q2 (NYSE:QTWO) in a research note released on Monday morning, Benzinga reports. DA Davidson currently has a $76.00 price objective on the technology company’s stock.

Several other brokerages have also commented on QTWO. Truist Financial reiterated a buy rating and set a $78.00 price objective (up previously from $68.00) on shares of Q2 in a report on Thursday, August 1st. Compass Point initiated coverage on Q2 in a report on Wednesday, September 4th. They issued a buy rating and a $91.00 price target for the company. Needham & Company LLC upped their price objective on shares of Q2 from $65.00 to $90.00 and gave the company a buy rating in a report on Thursday, August 1st. Stifel Nicolaus lifted their target price on shares of Q2 from $65.00 to $85.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Finally, BTIG Research upped their price target on shares of Q2 from $75.00 to $82.00 and gave the company a buy rating in a research note on Monday, August 26th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $72.38.

Q2 Price Performance

Shares of QTWO stock opened at $78.55 on Monday. The stock’s 50-day moving average is $72.61 and its 200 day moving average is $63.26. Q2 has a 1-year low of $28.91 and a 1-year high of $82.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44. The company has a market cap of $4.73 billion, a P/E ratio of -57.64 and a beta of 1.58.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Q2 had a negative return on equity of 3.95% and a negative net margin of 10.40%. The firm had revenue of $172.89 million during the quarter, compared to analysts’ expectations of $170.67 million. Research analysts predict that Q2 will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Q2

In related news, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the sale, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Q2 news, insider Kimberly Anne Rutledge sold 1,953 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $65.00, for a total value of $126,945.00. Following the completion of the transaction, the insider now owns 115,436 shares in the company, valued at $7,503,340. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the sale, the general counsel now owns 61,130 shares in the company, valued at $4,331,671.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,916 shares of company stock valued at $3,236,644. 3.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Q2

A number of hedge funds have recently bought and sold shares of the business. CWM LLC raised its position in Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Q2 during the 1st quarter worth about $50,000. Quest Partners LLC purchased a new position in Q2 in the 2nd quarter valued at about $153,000. SG Americas Securities LLC purchased a new position in Q2 in the 1st quarter valued at about $173,000. Finally, nVerses Capital LLC acquired a new stake in Q2 in the 2nd quarter worth about $181,000.

Q2 Company Profile

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.