Q2 Holdings, Inc. (NYSE:QTWO) Receives $75.27 Average Price Target from Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $75.2727.

QTWO has been the topic of a number of recent analyst reports. Morgan Stanley set a $63.00 price target on Q2 in a research report on Thursday, April 30th. Zacks Research downgraded Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Royal Bank Of Canada decreased their target price on Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 12th. Truist Financial decreased their target price on Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, UBS Group set a $77.00 target price on Q2 in a research report on Thursday, April 30th.

Q2 Stock Down 1.6%

Shares of NYSE QTWO opened at $43.38 on Friday. The business’s 50 day moving average price is $47.91 and its two-hundred day moving average price is $56.90. The company has a market cap of $2.72 billion, a PE ratio of 38.73 and a beta of 1.34. Q2 has a twelve month low of $42.28 and a twelve month high of $96.68.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The business had revenue of $216.51 million for the quarter, compared to analyst estimates of $214.40 million. Q2 had a return on equity of 14.68% and a net margin of 8.99%.Q2’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. As a group, research analysts anticipate that Q2 will post 1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Q2

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of Q2 by 35.0% in the first quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock valued at $68,000 after buying an additional 220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Q2 by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company’s stock valued at $2,803,000 after buying an additional 1,525 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Q2 by 21.6% in the first quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock valued at $43,023,000 after buying an additional 95,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Q2 by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock valued at $14,907,000 after buying an additional 6,909 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Q2 by 592.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 630 shares of the technology company’s stock valued at $59,000 after buying an additional 539 shares during the period.

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.