Q2 (NYSE:QTWO) Raised to Strong-Buy at Zacks Research

Q2 (NYSE:QTWO) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

QTWO has been the topic of a number of other reports. Royal Bank Of Canada decreased their price target on shares of Q2 from $102.00 to $86.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 6th. Needham & Company LLC lowered their target price on shares of Q2 from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Stifel Nicolaus decreased their price target 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald decreased their target price on shares of Q2 from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and an average target price of $97.40.

Q2 Stock Up 0.8%

Shares of NYSE QTWO traded up $0.56 during midday trading on Wednesday, reaching $72.28. 577,825 shares of the stock were exchanged, compared to its average volume of 874,938. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 150.58 and a beta of 1.48. The firm has a 50-day simple moving average of $69.78 and a two-hundred day simple moving average of $80.15. Q2 has a twelve month low of $58.57 and a twelve month high of $112.82.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.23 earnings per share 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 firm had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $197.87 million. During the same period in the previous year, the firm posted ($0.20) EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts expect that Q2 will post 0.67 EPS for the current fiscal year.

Insider Buying and Selling at Q2

In other news, insider John E. Breeden sold 6,105 shares of Q2 stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $75.27, for a total value of $459,523.35. Following the completion of the transaction, the insider owned 149,643 shares in the company, valued at approximately $11,263,628.61. This trade represents a 3.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Michael S. Kerr sold 967 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $82.60, for a total value of $79,874.20. Following the transaction, the general counsel directly owned 56,228 shares of the company’s stock, valued at approximately $4,644,432.80. This represents a 1.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 7,713 shares of company stock valued at $592,376. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Q2

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in Q2 in the second quarter valued at approximately $26,000. Cullen Frost Bankers Inc. acquired a new position in Q2 in the 3rd quarter valued at about $27,000. WPG Advisers LLC purchased a new stake in Q2 during the 1st quarter valued at approximately $35,000. Salomon & Ludwin LLC acquired a new stake in Q2 during the 3rd quarter worth approximately $30,000. Finally, First Horizon Corp purchased a new position in shares of Q2 in the 3rd quarter valued at approximately $37,000.

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.