Insider Selling: Q2 Holdings Inc (QTWO) Director Sells 2,000 Shares of Stock
Q2 Holdings Inc (NYSE:QTWO) Director James Offerdahl sold 2,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $67.71, for a total transaction of $135,420.00. Following the sale, the director now directly owns 8,079 shares in the company, valued at $547,029.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of QTWO traded up $0.17 during mid-day trading on Friday, hitting $68.17. 200,566 shares of the company traded hands, compared to its average volume of 379,665. Q2 Holdings Inc has a one year low of $43.41 and a one year high of $72.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market capitalization of $2.97 billion, a P/E ratio of -184.24 and a beta of 1.54.
Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, February 13th. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.10. Q2 had a negative net margin of 14.68% and a negative return on equity of 12.18%. The business had revenue of $67.20 million for the quarter, compared to analysts’ expectations of $66.77 million. During the same period in the prior year, the firm earned $0.05 earnings per share. Q2’s revenue was up 30.0% compared to the same quarter last year. As a group, analysts anticipate that Q2 Holdings Inc will post -0.65 EPS for the current year.
Several analysts have weighed in on QTWO shares. Raymond James upped their price objective on shares of Q2 from $62.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. Loop Capital set a $67.00 price objective on shares of Q2 and gave the stock a “buy” rating in a research note on Monday, December 31st. SunTrust Banks raised shares of 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 research note on Friday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price objective (up from $70.00) on shares of Q2 in a research note on Friday, March 1st. Finally, BTIG Research raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $67.33.
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Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.
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