Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) CEO Matthew P. Flake sold 35,723 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $2,647,788.76. Following the completion of the sale, the chief executive officer now owns 578,714 shares in the company, valued at approximately $42,894,281.68. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Q2 Price Performance
NYSE QTWO opened at $75.89 on Friday. Q2 Holdings, Inc. has a 52 week low of $46.50 and a 52 week high of $112.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.58. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -116.76 and a beta of 1.62. The company has a 50-day moving average price of $89.81 and a two-hundred day moving average price of $90.15.
Q2 (NYSE:QTWO – Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Analysts forecast that Q2 Holdings, Inc. will post 0.67 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Robert W. Baird restated a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Stifel Nicolaus upped their target price on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Stephens restated an “overweight” rating and issued a $115.00 target price on shares of Q2 in a research note on Thursday, February 13th. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective on the stock in a research note on Wednesday, December 18th. Finally, Needham & Company LLC increased their price objective on shares of Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.27.
About Q2
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.
See Also
- Five stocks we like better than Q2
- 5 discounted opportunities for dividend growth investors
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Upcoming IPO Stock Lockup Period, Explained
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- How to Invest in Small Cap Stocks
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.