Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) Director R. H. Seale sold 9,000 shares of the firm's stock in a transaction on Friday, April 19th. The stock was sold at an average price of $50.10, for a total value of $450,900.00. Following the sale, the director now directly owns 363,754 shares of the company's stock, valued at approximately $18,224,075.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Q2 Stock Up 0.3 %
QTWO opened at $49.98 on Friday. The business has a 50 day moving average price of $48.69 and a two-hundred day moving average price of $41.62. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.09. Q2 Holdings, Inc. has a 52 week low of $21.21 and a 52 week high of $53.96.
Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.04. The firm had revenue of $162.12 million during the quarter, compared to the consensus estimate of $161.31 million. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. On average, equities research analysts predict that Q2 Holdings, Inc. will post -0.05 EPS for the current fiscal year.
Institutional Trading of Q2
Biden replacement revealed?
From Paradigm Press | Ad
A former CIA insider just announced a disturbing prediction…
Biden will withdraw as the Democrat nominee on June 13.
See his shocking evidence in this new report
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB purchased a new stake in Q2 during the 4th quarter valued at approximately $1,938,000. Vanguard Group Inc. raised its stake in Q2 by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company's stock valued at $224,368,000 after acquiring an additional 487,111 shares during the last quarter. Deutsche Bank AG increased its position in Q2 by 13.4% during the 3rd quarter. Deutsche Bank AG now owns 29,559 shares of the technology company's stock worth $954,000 after purchasing an additional 3,496 shares during the period. Jennison Associates LLC increased its position in Q2 by 147.4% during the 3rd quarter. Jennison Associates LLC now owns 1,225,286 shares of the technology company's stock worth $39,540,000 after purchasing an additional 729,959 shares during the period. Finally, Lisanti Capital Growth LLC acquired a new position in Q2 during the 3rd quarter worth approximately $5,534,000.
Analyst Upgrades and Downgrades
QTWO has been the subject of a number of research reports. Needham & Company LLC lifted their price objective on Q2 from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Stifel Nicolaus boosted their target price on Q2 from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Truist Financial reissued a "buy" rating and set a $60.00 target price (up from $50.00) on shares of Q2 in a research note on Friday. DA Davidson boosted their target price on Q2 from $48.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Finally, TheStreet raised Q2 from a "d+" rating to a "c-" rating in a research note on Friday, December 29th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.33.
Read Our Latest Report on QTWO
Q2 Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
