Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) EVP Jonathan Price sold 11,000 shares of Q2 stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $60.00, for a total value of $660,000.00. Following the sale, the executive vice president now directly owns 226,079 shares of the company’s stock, valued at $13,564,740. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Q2 Stock Performance
Q2 stock traded up $1.68 during mid-day trading on Thursday, reaching $60.51. 483,500 shares of the company were exchanged, compared to its average volume of 608,959. The firm has a market cap of $3.64 billion, a PE ratio of -44.82 and a beta of 1.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.38 and a current ratio of 2.38. The firm’s 50-day simple moving average is $58.94 and its two-hundred day simple moving average is $50.28. Q2 Holdings, Inc. has a twelve month low of $28.91 and a twelve month high of $64.17.
Q2 (NYSE:QTWO – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $165.51 million during the quarter, compared to the consensus estimate of $163.58 million. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. Equities analysts predict that Q2 Holdings, Inc. will post -0.05 earnings per share for the current fiscal year.
Institutional Trading of Q2
Analyst Upgrades and Downgrades
QTWO has been the subject of several recent analyst reports. BTIG Research boosted their target price on Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Stifel Nicolaus increased their target price on shares of Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group lifted their price target on shares of Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Needham & Company LLC upped their price objective on shares of Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, DA Davidson lifted their target price on Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.53.
Read Our Latest Stock Analysis on Q2
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.
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