Q2 (NYSE:QTWO – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
A number of other analysts have also recently issued reports on the company. Stifel Nicolaus dropped their price objective on Q2 from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, March 21st. Raymond James dropped their price objective on Q2 from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, February 17th. Needham & Company LLC dropped their price objective on Q2 from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. Royal Bank of Canada dropped their price objective on Q2 from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, February 17th. Finally, Zacks Investment Research raised Q2 from a “sell” rating to a “hold” rating in a report on Thursday, February 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Q2 has an average rating of “Buy” and a consensus price target of $91.50.
Shares of NYSE QTWO opened at $61.75 on Wednesday. Q2 has a one year low of $51.45 and a one year high of $108.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.10 and a quick ratio of 3.10. The business’s fifty day moving average price is $62.09 and its 200-day moving average price is $73.05. The stock has a market capitalization of $3.52 billion, a PE ratio of -30.88 and a beta of 1.41.
Q2 (NYSE:QTWO – Get Rating) last issued its quarterly earnings results on Monday, February 14th. The technology company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Q2 had a negative return on equity of 6.22% and a negative net margin of 22.61%. During the same quarter in the previous year, the firm posted ($0.21) EPS. As a group, equities analysts expect that Q2 will post -0.65 EPS for the current fiscal year.
In other news, CFO David J. Mehok sold 1,196 shares of Q2 stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $58.73, for a total value of $70,241.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Matthew P. Flake sold 53,502 shares of Q2 stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $59.24, for a total value of $3,169,458.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,954 shares of company stock worth $4,840,915. Corporate insiders own 4.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in QTWO. Bank of New York Mellon Corp raised its stake in Q2 by 30.0% during the third quarter. Bank of New York Mellon Corp now owns 511,594 shares of the technology company’s stock valued at $40,999,000 after buying an additional 117,919 shares during the last quarter. Stanley Laman Group Ltd. purchased a new position in Q2 during the fourth quarter valued at $1,844,000. Janus Henderson Group PLC purchased a new position in Q2 during the third quarter valued at $427,000. Raymond James Trust N.A. purchased a new position in Q2 during the third quarter valued at $208,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Q2 by 15.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,613 shares of the technology company’s stock valued at $290,000 after buying an additional 494 shares during the last quarter.
Q2 Company Profile
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.
