Key Points
- CRO Michael Volanoski sold 5,123 shares on Dec. 12 at an average price of $75.46 for proceeds of $386,581.58, trimming his stake by 2.98% to 166,512 shares (valued at about $12.56M).
- Q2 missed EPS for the quarter (reported $0.23 vs. $0.55 consensus) while reporting revenue of $201.7M, up 15.2% year-over-year and slightly above estimates.
- QTWO trades near $75.30 with a 52-week range of $58.57–$108.51, a market cap of $4.71B, and a MarketBeat consensus target of $97.40 (average analyst rating: Moderate Buy).
Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) CRO Michael Volanoski sold 4,177 shares of the company's stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $307,761.36. Following the sale, the executive owned 171,635 shares of the company's stock, valued at $12,646,066.80. This trade represents a 2.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Q2 Price Performance
QTWO opened at $75.30 on Friday. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 156.88 and a beta of 1.37. The firm's fifty day moving average price is $67.50 and its two-hundred day moving average price is $78.16. Q2 Holdings, Inc. has a 1 year low of $58.57 and a 1 year high of $108.51.
Q2 (NYSE:QTWO - Get Free Report) last announced its earnings results on Wednesday, November 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.32). Q2 had a net margin of 4.12% and a return on equity of 10.92%. The firm had revenue of $201.70 million during the quarter, compared to analysts' expectations of $197.87 million. During the same quarter in the prior year, the company earned ($0.20) EPS. The business's revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current year.
Hedge Funds Weigh In On Q2
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dakota Wealth Management boosted its holdings in Q2 by 3.8% in the 2nd quarter. Dakota Wealth Management now owns 3,350 shares of the technology company's stock valued at $314,000 after purchasing an additional 123 shares during the period. Advisors Asset Management Inc. boosted its stake in Q2 by 18.1% during the second quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company's stock valued at $94,000 after buying an additional 154 shares during the period. ANB Bank boosted its stake in Q2 by 7.1% during the second quarter. ANB Bank now owns 2,710 shares of the technology company's stock valued at $254,000 after buying an additional 179 shares during the period. Hilltop National Bank increased its stake in Q2 by 9.8% in the 3rd quarter. Hilltop National Bank now owns 2,077 shares of the technology company's stock worth $150,000 after acquiring an additional 185 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in Q2 by 1.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 16,687 shares of the technology company's stock worth $1,335,000 after acquiring an additional 188 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on QTWO. Weiss Ratings restated a "hold (c-)" rating on shares of Q2 in a research note on Wednesday, October 8th. UBS Group set a $90.00 target price on Q2 in a research note on Thursday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of Q2 from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, September 24th. Stifel Nicolaus decreased their price objective on shares of Q2 from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada dropped their target price on shares of Q2 from $102.00 to $86.00 and set a "sector perform" rating on the stock in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $97.40.
View Our Latest Stock Report on Q2
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.
Further Reading
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