Q2’s (QTWO) “Neutral” Rating Reaffirmed at Compass Point

Compass Point restated their neutral rating on shares of Q2 (NYSE:QTWO) in a research report sent to investors on Monday morning, MarketBeat.com reports. They currently have a $60.00 price target on the technology company’s stock.

A number of other equities research analysts have also recently issued reports on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $99.00 target price (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a report on Wednesday, December 18th. The Goldman Sachs Group dropped their target price on shares of Q2 from $119.00 to $106.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Raymond James upped their price target on shares of Q2 from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus lifted their price objective on Q2 from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.33.

Q2 Stock Down 2.0 %

Q2 stock opened at $68.94 on Monday. The company has a market capitalization of $4.19 billion, a P/E ratio of -106.05 and a beta of 1.61. Q2 has a 1-year low of $49.56 and a 1-year high of $112.82. The firm’s fifty day simple moving average is $84.71 and its 200-day simple moving average is $90.83. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Sell-side analysts forecast that Q2 will post 0.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Q2

In other news, insider Kimberly Anne Rutledge sold 6,656 shares of Q2 stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the sale, the insider now directly owns 113,278 shares in the company, valued at approximately $8,396,165.36. The trade was a 5.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew P. Flake sold 36,023 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the completion of the transaction, the chief executive officer now directly owns 485,666 shares of the company’s stock, valued at $39,023,263.10. This trade represents a 6.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 193,858 shares of company stock valued at $14,853,965 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of institutional investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new position in shares of Q2 during the 4th quarter worth approximately $29,000. Quarry LP raised its stake in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after acquiring an additional 336 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Q2 during the fourth quarter valued at $30,000. TCTC Holdings LLC acquired a new stake in shares of Q2 in the 4th quarter valued at $30,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Q2 in the 4th quarter worth about $32,000.

About Q2

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.