Q2 (NYSE:QTWO) Rating Reiterated by DA Davidson

Q2 (NYSE:QTWO)‘s stock had its “neutral” rating reaffirmed by equities researchers at DA Davidson in a note issued to investors on Monday, Benzinga reports. They presently have a $76.00 target price on the technology company’s stock. DA Davidson’s target price suggests a potential downside of 2.34% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Stifel Nicolaus upped their price target on Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC boosted their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Compass Point began coverage on shares of Q2 in a research report on Wednesday, September 4th. They issued a “buy” rating and a $91.00 target price on the stock. Truist Financial reissued a “buy” rating and issued a $78.00 price target (up from $68.00) on shares of Q2 in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group upped their price objective on shares of Q2 from $59.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Q2 currently has an average rating of “Moderate Buy” and an average price target of $72.38.

Q2 Price Performance

Q2 stock opened at $77.82 on Monday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $72.46 and a 200-day simple moving average of $63.05. The stock has a market cap of $4.68 billion, a P/E ratio of -59.09 and a beta of 1.58. Q2 has a 12-month low of $28.91 and a 12-month high of $82.72.

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

Insider Activity

In other Q2 news, insider Kimberly Anne Rutledge sold 1,953 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $65.00, for a total transaction of $126,945.00. Following the completion of the sale, the insider now directly owns 115,436 shares of the company’s stock, valued at approximately $7,503,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Q2 news, insider Kimberly Anne Rutledge sold 1,953 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $65.00, for a total value of $126,945.00. Following the transaction, the insider now directly owns 115,436 shares of the company’s stock, valued at approximately $7,503,340. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the transaction, the executive now owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,916 shares of company stock valued at $3,236,644. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of institutional investors have recently added to or reduced their stakes in QTWO. Nordea Investment Management AB boosted its position in shares of Q2 by 45.2% during the 1st quarter. Nordea Investment Management AB now owns 64,826 shares of the technology company’s stock worth $3,456,000 after purchasing an additional 20,195 shares in the last quarter. Jennison Associates LLC boosted its holdings in Q2 by 14.6% during the first quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after buying an additional 235,582 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Q2 by 67.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock worth $2,908,000 after buying an additional 22,400 shares during the period. PEAK6 Investments LLC increased its holdings in Q2 by 68.8% in the fourth quarter. PEAK6 Investments LLC now owns 69,205 shares of the technology company’s stock valued at $3,004,000 after buying an additional 28,215 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Q2 during the 1st quarter valued at approximately $1,055,000.

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.