Q2 Holdings, Inc. (NYSE:QTWO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $73.4545.

Several research firms recently issued reports on QTWO. UBS Group set a $77.00 target price on Q2 in a report on Thursday, April 30th. Wall Street Zen lowered Q2 from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. DA Davidson reiterated a “buy” rating and set a $82.00 price objective on shares of Q2 in a research note on Monday, June 1st. Stifel Nicolaus set a $70.00 price objective on Q2 in a report on Thursday, April 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of Q2 in a research note on Thursday, April 30th.

Hedge Funds Weigh In On Q2

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in shares of Q2 by 45.2% in the second quarter. Versant Capital Management Inc now owns 1,570 shares of the technology company’s stock valued at $76,000 after purchasing an additional 489 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Q2 by 42.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,656 shares of the technology company’s stock worth $78,000 after purchasing an additional 495 shares during the last quarter. Optiver Holding B.V. boosted its stake in Q2 by 1,578.9% in the 1st quarter. Optiver Holding B.V. now owns 638 shares of the technology company’s stock valued at $30,000 after purchasing an additional 600 shares during the period. Cim Investment Management Inc. boosted its stake in Q2 by 27.7% in the 1st quarter. Cim Investment Management Inc. now owns 8,425 shares of the technology company’s stock valued at $399,000 after purchasing an additional 1,825 shares during the period. Finally, Smith Group Asset Management LLC acquired a new position in Q2 in the 1st quarter valued at $1,422,000.

Q2 Price Performance

QTWO stock traded up $1.28 during trading hours on Tuesday, reaching $54.69. 209,516 shares of the stock were exchanged, compared to its average volume of 920,002. The firm’s 50-day moving average is $46.98 and its 200-day moving average is $53.72. Q2 has a 12 month low of $40.79 and a 12 month high of $95.10. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 48.72 and a beta of 1.33.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The firm had revenue of $216.51 million during the quarter, compared to the consensus estimate of $214.40 million. Q2 had a net margin of 8.99% and a return on equity of 14.68%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. As a group, equities research analysts forecast that Q2 will post 1.57 earnings per share for the current year.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.