Q2 (QTWO) Issues Earnings Results

Q2 (NYSE:QTWO) announced its quarterly earnings results on Tuesday. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04, Bloomberg Earnings reports. Q2 had a negative return on equity of 20.50% and a negative net margin of 15.27%. The company had revenue of $51.70 million during the quarter, compared to analyst estimates of $51.70 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis.

Shares of Q2 (NYSE:QTWO) opened at $43.75 on Thursday. Q2 has a 52-week low of $31.40 and a 52-week high of $44.70.

In other news, insider William M. Furrer sold 8,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $37.69, for a total transaction of $301,520.00. Following the sale, the insider now directly owns 43,614 shares of the company’s stock, valued at $1,643,811.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John E. Breeden sold 10,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $43.14, for a total value of $431,400.00. Following the sale, the executive vice president now directly owns 64,694 shares in the company, valued at $2,790,899.16. The disclosure for this sale can be found here. Insiders have sold 120,011 shares of company stock worth $4,697,005 over the last ninety days. 24.50% of the stock is owned by insiders.

QTWO has been the topic of a number of research reports. BidaskClub downgraded Q2 from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Canaccord Genuity reissued a “hold” rating and issued a $43.00 price objective on shares of Q2 in a research note on Monday, October 30th. Loop Capital boosted their price objective on Q2 from $42.00 to $49.00 and gave the stock a “positive” rating in a research note on Friday, November 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $48.00 price objective (up previously from $43.00) on shares of Q2 in a research note on Friday, November 3rd. Finally, Morgan Stanley boosted their price objective on Q2 from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.75.

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Q2 Company Profile

Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.

Earnings History for Q2 (NYSE:QTWO)

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