Q2 (NYSE:QTWO) Shares Gap Up – Here’s What Happened

Q2 Holdings, Inc. (NYSE:QTWO) shares gapped up before the market opened on Thursday . The stock had previously closed at $61.12, but opened at $66.68. Q2 shares last traded at $68.2810, with a volume of 733,278 shares.

Analysts Set New Price Targets

QTWO has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price objective on shares of Q2 from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Needham & Company LLC cut their price target on Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday. Zacks Research cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen raised Q2 from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Cantor Fitzgerald decreased their target price on Q2 from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and a consensus price target of $96.69.

Q2 Stock Performance

The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 149.80 and a beta of 1.48. The business has a 50-day simple moving average of $70.16 and a two-hundred day simple moving average of $80.28.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.32). Q2 had a net margin of 4.12% and a return on equity of 10.92%. The business had revenue of $201.70 million during the quarter, compared to analyst estimates of $197.87 million. During the same quarter last year, the business earned ($0.20) earnings per share. Q2’s revenue for the quarter was up 15.2% on a year-over-year basis. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider John E. Breeden sold 6,105 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $75.27, for a total transaction of $459,523.35. Following the sale, the insider owned 149,643 shares in the company, valued at approximately $11,263,628.61. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James Offerdahl sold 786 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total value of $58,281.90. Following the completion of the transaction, the director owned 17,792 shares of the company’s stock, valued at approximately $1,319,276.80. This represents a 4.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,499 shares of company stock valued at $650,658 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Q2

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cerity Partners LLC grew its stake in shares of Q2 by 52.7% in the first quarter. Cerity Partners LLC now owns 3,391 shares of the technology company’s stock valued at $271,000 after buying an additional 1,170 shares in the last quarter. Xponance Inc. grew its position in shares of Q2 by 5.1% in the 1st quarter. Xponance Inc. now owns 4,576 shares of the technology company’s stock valued at $366,000 after acquiring an additional 224 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Q2 by 0.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 42,820 shares of the technology company’s stock worth $3,426,000 after purchasing an additional 248 shares during the last quarter. Emerald Advisers LLC raised its holdings in shares of Q2 by 1.9% in the 1st quarter. Emerald Advisers LLC now owns 493,433 shares of the technology company’s stock valued at $39,480,000 after purchasing an additional 9,119 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Q2 by 28.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company’s stock valued at $137,948,000 after purchasing an additional 378,394 shares during the last quarter.

Q2 Company Profile

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.