Q2 (NYSE:QTWO) Receives Neutral Rating from Compass Point

Q2 (NYSE:QTWO)‘s stock had its “neutral” rating reaffirmed by stock analysts at Compass Point in a research note issued to investors on Monday, Marketbeat reports. They currently have a $60.00 price target on the technology company’s stock. Compass Point’s price objective would indicate a potential downside of 12.62% from the company’s previous close.

A number of other analysts have also weighed in on the company. Raymond James increased their target price on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note 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 research note on Thursday, February 13th. Baird R W downgraded Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Stephens reiterated an “overweight” rating and issued a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Finally, Stifel Nicolaus raised their price target on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and an average target price of $102.33.

Q2 Stock Down 0.7 %

Shares of QTWO opened at $68.67 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 has a 52-week low of $49.56 and a 52-week high of $112.82. The company has a market cap of $4.17 billion, a PE ratio of -105.64 and a beta of 1.61. The business has a fifty day moving average of $83.58 and a 200 day moving average of $90.59.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, sell-side analysts expect that Q2 will post 0.67 EPS for the current year.

Insider Transactions at Q2

In other news, CEO Matthew P. Flake sold 56,799 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares of the company’s stock, valued at $35,527,299.72. This trade represents a 11.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Michael A. Volanoski sold 15,005 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total value of $1,112,170.60. Following the transaction, the executive now directly owns 197,966 shares in the company, valued at $14,673,239.92. This represents a 7.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,858 shares of company stock valued at $14,853,965 in the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Institutional investors and hedge funds have recently bought and sold shares of the business. Highland Capital Management LLC raised its stake in shares of Q2 by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock valued at $279,000 after buying an additional 172 shares during the last quarter. Arizona State Retirement System raised its position in Q2 by 1.1% during the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after acquiring an additional 190 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in Q2 by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company’s stock valued at $620,000 after acquiring an additional 195 shares during the period. Moran Wealth Management LLC boosted its position in Q2 by 2.7% in the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock worth $817,000 after purchasing an additional 215 shares in the last quarter. Finally, Summit Global Investments grew its stake in shares of Q2 by 2.6% during the 1st quarter. Summit Global Investments now owns 9,902 shares of the technology company’s stock worth $792,000 after purchasing an additional 255 shares during the period.

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.