Analysts at Pacific Crest assumed coverage on shares of Q2 Holdings Inc. (NYSE:QTWO) in a research note issued to investors on Friday. The brokerage set a “sector weight” rating on the stock.

A number of other research firms have also weighed in on QTWO. BTIG Research lowered shares of Q2 Holdings from a “buy” rating to a “neutral” rating in a research note on Monday. Zacks Investment Research raised shares of Q2 Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Royal Bank Of Canada raised their price objective on shares of Q2 Holdings from $27.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Needham & Company LLC restated a “buy” rating and set a $34.00 price objective on shares of Q2 Holdings in a report on Monday, August 29th. Finally, Morgan Stanley assumed coverage on shares of Q2 Holdings in a report on Monday, July 25th. They set an “equal weight” rating and a $29.00 price objective for the company. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Q2 Holdings presently has an average rating of “Buy” and a consensus target price of $30.78.

Analyst Recommendations for Q2 Holdings (NYSE:QTWO)

Q2 Holdings (NYSE:QTWO) opened at 32.05 on Friday. Q2 Holdings has a 52 week low of $16.43 and a 52 week high of $32.28. The company’s market capitalization is $1.29 billion. The company’s 50-day moving average is $28.78 and its 200 day moving average is $27.52.

Q2 Holdings (NYSE:QTWO) last released its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.15. Q2 Holdings had a negative net margin of 26.91% and a negative return on equity of 24.27%. The business earned $38.30 million during the quarter, compared to the consensus estimate of $38.09 million. The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. On average, analysts forecast that Q2 Holdings will post ($0.34) EPS for the current fiscal year.

In other Q2 Holdings news, SVP Barry G. Benton sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $29.00, for a total value of $43,500.00. Following the completion of the sale, the senior vice president now directly owns 16,723 shares in the company, valued at $484,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Lorrie Schultz sold 1,625 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $29.62, for a total value of $48,132.50. Following the completion of the sale, the senior vice president now owns 15,200 shares of the company’s stock, valued at $450,224. The disclosure for this sale can be found here. 38.10% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its stake in Q2 Holdings by 0.4% in the third quarter. TIAA CREF Investment Management LLC now owns 78,600 shares of the company’s stock worth $2,253,000 after buying an additional 314 shares during the period. BlackRock Group LTD increased its stake in Q2 Holdings by 4.6% in the third quarter. BlackRock Group LTD now owns 7,416 shares of the company’s stock worth $213,000 after buying an additional 324 shares during the period. California State Teachers Retirement System increased its stake in Q2 Holdings by 0.7% in the third quarter. California State Teachers Retirement System now owns 54,015 shares of the company’s stock worth $1,548,000 after buying an additional 400 shares during the period. Rhumbline Advisers increased its stake in Q2 Holdings by 2.7% in the third quarter. Rhumbline Advisers now owns 24,153 shares of the company’s stock worth $692,000 after buying an additional 625 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Q2 Holdings by 24.3% in the second quarter. Teacher Retirement System of Texas now owns 3,554 shares of the company’s stock worth $100,000 after buying an additional 695 shares during the period. Hedge funds and other institutional investors own 94.68% of the company’s stock.

About Q2 Holdings

Q2 Holdings, Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.

5 Day Chart for NYSE:QTWO

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