Q2 Holdings Inc (NYSE:QTWO) EVP Odus Edward Wittenburg, Jr. sold 5,666 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $75.00, for a total value of $424,950.00. Following the completion of the sale, the executive vice president now directly owns 106,839 shares of the company’s stock, valued at $8,012,925. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Q2 stock opened at $72.18 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market cap of $3.23 billion, a PE ratio of -195.08 and a beta of 1.53. Q2 Holdings Inc has a 1-year low of $43.41 and a 1-year high of $76.08.
Q2 (NYSE:QTWO) last announced its earnings results on Tuesday, May 7th. The technology company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.21). The business had revenue of $71.30 million for the quarter, compared to analyst estimates of $70.67 million. Q2 had a negative net margin of 18.89% and a negative return on equity of 16.48%. The firm’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) earnings per share. On average, analysts predict that Q2 Holdings Inc will post -0.64 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on QTWO shares. Needham & Company LLC restated a “buy” rating and issued a $80.00 price target (up previously from $70.00) on shares of Q2 in a report on Friday, March 1st. SunTrust Banks upgraded Q2 from a “hold” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $84.00 in a report on Friday, March 1st. Craig Hallum restated a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Q2 in a report on Thursday, May 9th. Stephens downgraded Q2 from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $76.00 to $73.00 in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Q2 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $71.04.
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
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