Q2 (NYSE:QTWO) Sets New 1-Year Low – Should You Sell?

Q2 Holdings, Inc. (NYSE:QTWO) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $45.62 and last traded at $46.1450, with a volume of 125015 shares traded. The stock had previously closed at $46.68.

Wall Street Analysts Forecast Growth

Several analysts have commented on QTWO shares. Zacks Research cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen lowered Q2 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Truist Financial dropped their price objective on Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Morgan Stanley set a $68.00 target price on Q2 in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada reduced their target price on Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a report on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Q2 presently has an average rating of “Moderate Buy” and an average target price of $79.29.

Q2 Stock Performance

The firm has a market capitalization of $2.90 billion, a P/E ratio of 58.85 and a beta of 1.40. The firm’s 50-day moving average is $54.41 and its 200 day moving average is $65.13.

Insider Buying and Selling

In related news, General Counsel Michael S. Kerr sold 2,821 shares of Q2 stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $51.35, for a total value of $144,858.35. Following the sale, the general counsel owned 47,227 shares of the company’s stock, valued at approximately $2,425,106.45. This trade represents a 5.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew P. Flake sold 20,613 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $1,058,477.55. Following the completion of the sale, the chief executive officer owned 483,202 shares in the company, valued at $24,812,422.70. The trade was a 4.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 411,087 shares of company stock valued at $20,702,472. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Q2

Hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC acquired a new position in Q2 during the fourth quarter worth $246,000. MidFirst Bank acquired a new stake in Q2 in the 4th quarter valued at $200,000. Invesco Ltd. lifted its position in Q2 by 25.6% during the 4th quarter. Invesco Ltd. now owns 232,072 shares of the technology company’s stock worth $16,746,000 after buying an additional 47,274 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Q2 during the 4th quarter worth about $257,000. Finally, State of Tennessee Department of Treasury boosted its stake in shares of Q2 by 1.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 27,424 shares of the technology company’s stock worth $1,979,000 after buying an additional 352 shares during the last quarter.

Q2 Company Profile

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.