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

Q2 (NYSE:QTWO)‘s stock had its “neutral” rating reissued by investment analysts at Compass Point in a note issued to investors on Monday,Benzinga reports.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial reissued a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a report on Wednesday, December 18th. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $115.00 target price on shares of Q2 in a research report on Thursday, February 13th. Finally, Citigroup increased their price target on Q2 from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.47.

Q2 Stock Down 6.8 %

Shares of QTWO opened at $70.42 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. The business has a fifty day moving average of $85.20 and a 200 day moving average of $90.91. The company has a market cap of $4.28 billion, a PE ratio of -108.33 and a beta of 1.62. Q2 has a 52-week low of $49.56 and a 52-week high of $112.82.

Q2 (NYSE:QTWO) last released its quarterly earnings results 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 positive return on equity of 0.85% and a negative net margin of 5.53%. On average, sell-side analysts expect that Q2 will post 0.67 EPS for the current year.

Insider Buying and Selling at Q2

In other news, CRO Michael A. Volanoski sold 15,005 shares of Q2 stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $1,112,170.60. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the insider now directly owns 113,278 shares of the company’s stock, valued at $8,396,165.36. The trade was a 5.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is owned by insiders.

Institutional Trading of Q2

Several institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Q2 by 0.3% during the 3rd quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock valued at $133,118,000 after buying an additional 5,000 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Q2 by 61.8% during the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company’s stock valued at $11,208,000 after purchasing an additional 42,433 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Q2 in the fourth quarter valued at about $288,000. Charles Schwab Investment Management Inc. increased its stake in shares of Q2 by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company’s stock worth $51,036,000 after purchasing an additional 10,636 shares in the last quarter. Finally, Dakota Wealth Management raised its position in shares of Q2 by 189.8% during the 4th quarter. Dakota Wealth Management now owns 16,030 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 10,498 shares during the last quarter.

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.