Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) EVP Jonathan Price sold 11,000 shares of the business's stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $60.00, for a total value of $660,000.00. Following the transaction, the executive vice president now 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 at the SEC website.
Q2 Stock Up 2.9 %
Shares of QTWO stock opened at $60.51 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $59.15 and a two-hundred day simple moving average of $50.36. 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 announced its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. The business had revenue of $165.51 million for the quarter, compared to analyst estimates of $163.58 million. On average, research analysts expect that Q2 Holdings, Inc. will post -0.05 EPS for the current year.
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A number of brokerages have recently issued reports on QTWO. Royal Bank of Canada increased their price objective on shares of Q2 from $46.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 2nd. Truist Financial reiterated a "buy" rating and set a $68.00 target price (up previously from $65.00) on shares of Q2 in a research report on Tuesday, June 18th. Morgan Stanley reissued an "equal weight" rating and issued a $50.00 price target (up from $40.00) on shares of Q2 in a report on Thursday, May 2nd. Stifel Nicolaus lifted their price objective 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. Finally, BTIG Research upped their target price on shares of Q2 from $48.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.53.
View Our Latest Stock Analysis on QTWO
Institutional Trading of Q2
Hedge funds and other institutional investors have recently made changes to their positions in the business. MCF Advisors LLC raised its stake in shares of Q2 by 156.5% during the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company's stock valued at $27,000 after buying an additional 374 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Q2 by 2,582.4% in the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company's stock valued at $40,000 after acquiring an additional 878 shares during the period. Arcadia Investment Management Corp MI grew its stake in shares of Q2 by 193.7% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company's stock worth $49,000 after purchasing an additional 738 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Q2 in the 1st quarter valued at $50,000. Finally, RiverPark Advisors LLC boosted its holdings in Q2 by 261.0% during the fourth quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company's stock worth $58,000 after buying an additional 963 shares in the last quarter.
About Q2
(
Get Free Report)
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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