James Offerdahl Sells 1,000 Shares of Q2 Holdings, Inc. (NYSE:QTWO) Stock

Q2 Holdings, Inc. (NYSE:QTWO) Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Q2 Stock Up 1.2 %

QTWO stock opened at $86.27 on Thursday. The firm has a market cap of $5.24 billion, a PE ratio of -132.72 and a beta of 1.61. Q2 Holdings, Inc. has a 12 month low of $44.74 and a 12 month high of $112.82. 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 firm has a 50 day simple moving average of $96.02 and a 200 day simple moving average of $89.67.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Equities research analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Q2

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in Q2 during the 4th quarter worth about $29,000. Quarry LP increased its position in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Q2 during the fourth quarter valued at approximately $30,000. TCTC Holdings LLC purchased a new stake in shares of Q2 in the 4th quarter valued at approximately $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Q2 in the 4th quarter worth approximately $32,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Piper Sandler increased their price objective on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a research report on Wednesday, December 18th. Truist Financial reissued a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Finally, Compass Point raised their target price on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $105.27.

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.