Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) CRO Michael A. Volanoski sold 15,005 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the completion of the sale, the executive now directly owns 197,966 shares of the company’s stock, valued at $14,673,239.92. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Q2 Price Performance
Shares of Q2 stock opened at $75.89 on Friday. 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 company has a market cap of $4.61 billion, a PE ratio of -116.76 and a beta of 1.62. The firm has a fifty day moving average price of $89.81 and a two-hundred day moving average price of $90.04. Q2 Holdings, Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $112.82.
Q2 (NYSE:QTWO – Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (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%. Analysts expect that Q2 Holdings, Inc. will post 0.67 EPS for the current year.
Institutional Investors Weigh In On Q2
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $115.00 price objective on shares of Q2 in a report on Thursday, February 13th. Needham & Company LLC lifted their price target on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Truist Financial reiterated a “buy” rating and set a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 target price for the company in a research note on Wednesday, December 18th. Finally, Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Q2 presently has an average rating of “Moderate Buy” and an average target price of $105.27.
Read Our Latest Stock Analysis on Q2
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.
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