Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Q2 Holdings (QTWO) Stock Price
Press coverage about Q2 Holdings (NYSE:QTWO) has trended somewhat positive recently, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Q2 Holdings earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.9083830724381 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Q2 Holdings (NYSE QTWO) traded down 2.07% on Friday, hitting $40.20. 502,702 shares of the company were exchanged. The stock’s market cap is $1.66 billion. The firm has a 50 day moving average of $39.33 and a 200-day moving average of $37.89. Q2 Holdings has a 52-week low of $25.23 and a 52-week high of $41.70.
A number of research firms have issued reports on QTWO. KeyCorp reiterated a “hold” rating on shares of Q2 Holdings in a report on Wednesday. SunTrust Banks, Inc. started coverage on shares of Q2 Holdings in a report on Monday, June 26th. They issued a “buy” rating and a $45.00 price objective on the stock. ValuEngine upgraded shares of Q2 Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Canaccord Genuity restated a “buy” rating and issued a $43.00 price objective on shares of Q2 Holdings in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Q2 Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $42.13.
In related news, insider William M. Furrer sold 20,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $36.63, for a total value of $732,600.00. Following the sale, the insider now directly owns 55,916 shares of the company’s stock, valued at $2,048,203.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R. H. Seale sold 25,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $36.93, for a total transaction of $923,250.00. Following the completion of the sale, the director now directly owns 383,903 shares in the company, valued at $14,177,537.79. The disclosure for this sale can be found here. Insiders sold 327,908 shares of company stock worth $12,416,257 over the last ninety days. 24.50% of the stock is currently owned by corporate insiders.
About Q2 Holdings
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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