Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the completion of the sale, the insider now owns 113,278 shares in the company, valued at approximately $8,396,165.36. This trade represents a 5.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Q2 Stock Performance
Shares of Q2 stock opened at $75.89 on Friday. Q2 Holdings, Inc. has a 1 year low of $46.50 and a 1 year high of $112.82. The firm’s 50-day moving average is $89.81 and its 200 day moving average is $90.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -116.76 and a beta of 1.62.
Q2 (NYSE:QTWO – Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Sell-side analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.
Hedge Funds Weigh In On Q2
Analysts Set New Price Targets
QTWO has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price target on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Citigroup lifted their price target on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Truist Financial reiterated a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Stephens restated an “overweight” rating and set a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.27.
Check Out Our Latest Stock Analysis on Q2
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.
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