Q2 (NYSE:QTWO) Hits New 52-Week Low – What’s Next?

Q2 Holdings, Inc. (NYSE:QTWO) reached a new 52-week low during trading on Tuesday . The stock traded as low as $43.59 and last traded at $45.1290, with a volume of 36135 shares trading hands. The stock had previously closed at $44.82.

Analyst Ratings Changes

Several research firms have commented on QTWO. JPMorgan Chase & Co. boosted their target price on Q2 from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Cantor Fitzgerald cut their target price on Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Morgan Stanley set a $63.00 target price on Q2 in a research note on Thursday, April 30th. UBS Group set a $77.00 target price on Q2 in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $74.00 price target on Q2 in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.27.

Q2 Stock Performance

The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 38.78 and a beta of 1.34. The company has a 50-day simple moving average of $48.06 and a two-hundred day simple moving average of $57.46.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The business had revenue of $216.51 million for the quarter, compared to analyst estimates of $214.40 million. Q2 had a return on equity of 14.68% and a net margin of 8.99%.The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. As a group, sell-side analysts predict that Q2 Holdings, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Q2 news, insider Kimberly Anne Rutledge sold 3,187 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $50.37, for a total value of $160,529.19. Following the transaction, the insider directly owned 80,551 shares of the company’s stock, valued at $4,057,353.87. This represents a 3.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

Institutional Trading of Q2

A number of institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. lifted its position in shares of Q2 by 1,578.9% during the 1st quarter. Optiver Holding B.V. now owns 638 shares of the technology company’s stock valued at $30,000 after acquiring an additional 600 shares during the period. Cim Investment Management Inc. lifted its position in shares of Q2 by 27.7% during the 1st quarter. Cim Investment Management Inc. now owns 8,425 shares of the technology company’s stock valued at $399,000 after acquiring an additional 1,825 shares during the period. Smith Group Asset Management LLC bought a new stake in shares of Q2 during the 1st quarter valued at $1,422,000. Amundi lifted its position in shares of Q2 by 23.6% during the 1st quarter. Amundi now owns 9,003 shares of the technology company’s stock valued at $426,000 after acquiring an additional 1,718 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Q2 by 1,357.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,842 shares of the technology company’s stock worth $134,000 after buying an additional 2,647 shares during the last quarter.

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.