Q2 (NYSE:QTWO) Announces Earnings Results

Q2 (NYSE:QTWO) announced its earnings results on Wednesday. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30), Zacks reports. Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. Q2 updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Q2 Trading Up 0.5 %

QTWO traded up $0.47 during trading on Wednesday, reaching $92.06. The company had a trading volume of 994,197 shares, compared to its average volume of 627,250. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a 52 week low of $41.23 and a 52 week high of $112.82. The stock has a market cap of $5.56 billion, a P/E ratio of -95.89 and a beta of 1.61. The business has a 50 day simple moving average of $99.35 and a 200-day simple moving average of $88.05.

Analyst Ratings Changes

A number of research firms recently issued reports on QTWO. Needham & Company LLC raised their price objective on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Compass Point lifted their price target on shares of Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Citigroup downgraded shares of Q2 from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $72.00 to $90.00 in a research report on Friday, October 18th. Royal Bank of Canada raised their target price on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, Truist Financial reissued a “buy” rating and set a $100.00 price target (up previously from $78.00) on shares of Q2 in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.07.

Insider Activity

In related news, Director James Offerdahl sold 548 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the transaction, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Michael A. Volanoski sold 4,178 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the sale, the executive now directly owns 223,494 shares of the company’s stock, valued at approximately $23,690,364. The trade was a 1.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is currently owned by company insiders.

About Q2

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.