Trade Report: Today: Q2 Holdings Inc. (QTWO) Given Average Rating of “Buy” by Analysts

Today: Q2 Holdings Inc. (QTWO) Given Average Rating of “Buy” by Analysts

Q2 Holdings Inc. (NYSE:QTWO) has been assigned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the firm. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $31.14.

QTWO has been the subject of several research reports. BTIG Research reiterated a “buy” rating and issued a $32.00 target price on shares of Q2 Holdings in a research report on Thursday, August 4th. Royal Bank Of Canada boosted their price target on Q2 Holdings from $27.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. RBC Capital Markets reiterated an “outperform” rating and set a $31.00 price target (up previously from $27.00) on shares of Q2 Holdings in a research report on Friday, August 5th. Zacks Investment Research lowered Q2 Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $34.00 price objective on shares of Q2 Holdings in a research note on Monday, August 29th.

Shares of Q2 Holdings (NYSE:QTWO) traded up 0.239% during mid-day trading on Monday, reaching $31.475. 113,785 shares of the company traded hands. Q2 Holdings has a 52-week low of $16.43 and a 52-week high of $32.85. The stock’s market capitalization is $1.26 billion. The company’s 50 day moving average is $29.24 and its 200 day moving average is $27.84.

Q2 Holdings (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.15. Q2 Holdings had a negative return on equity of 24.27% and a negative net margin of 26.91%. The business earned $38.30 million during the quarter, compared to analyst estimates of $38.09 million. Q2 Holdings’s revenue for the quarter was up 36.8% on a year-over-year basis. On average, equities analysts forecast that Q2 Holdings will post ($0.34) earnings per share for the current year.

In other news, Director R. H. Seale sold 43,000 shares of Q2 Holdings stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $28.74, for a total transaction of $1,235,820.00. Following the transaction, the director now owns 379,798 shares in the company, valued at $10,915,394.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William M. Furrer sold 10,122 shares of Q2 Holdings stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $28.29, for a total value of $286,351.38. Following the transaction, the insider now owns 37,172 shares in the company, valued at approximately $1,051,595.88. The disclosure for this sale can be found here. Insiders own 38.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC increased its position in shares of Q2 Holdings by 0.4% in the third quarter. TIAA CREF Investment Management LLC now owns 78,600 shares of the company’s stock worth $2,253,000 after buying an additional 314 shares in the last quarter. BlackRock Group LTD increased its position in shares of Q2 Holdings by 4.6% in the third quarter. BlackRock Group LTD now owns 7,416 shares of the company’s stock worth $213,000 after buying an additional 324 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Q2 Holdings by 0.7% in the third quarter. California State Teachers Retirement System now owns 54,015 shares of the company’s stock worth $1,548,000 after buying an additional 400 shares in the last quarter. Rhumbline Advisers increased its position in shares of Q2 Holdings by 2.7% in the third quarter. Rhumbline Advisers now owns 24,153 shares of the company’s stock worth $692,000 after buying an additional 625 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Q2 Holdings by 24.3% in the second quarter. Teacher Retirement System of Texas now owns 3,554 shares of the company’s stock worth $100,000 after buying an additional 695 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

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