Q2 (QTWO) Given a $60.00 Price Target by Morgan Stanley Analysts

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Q2 (NYSE:QTWO) has been assigned a $60.00 price target by equities research analysts at Morgan Stanley in a note issued to investors on Thursday. The brokerage currently has a “hold” rating on the technology company’s stock. Morgan Stanley’s target price would suggest a potential upside of 13.98% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Craig Hallum set a $70.00 price objective on shares of Q2 and gave the company a “buy” rating in a research report on Thursday, August 9th. Needham & Company LLC boosted their price objective on shares of Q2 from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Royal Bank of Canada reissued a “buy” rating and issued a $65.00 price objective on shares of Q2 in a research report on Thursday, August 9th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price objective on shares of Q2 in a research report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of Q2 from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Saturday, August 11th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Q2 presently has an average rating of “Buy” and a consensus target price of $62.79.

QTWO stock opened at $52.64 on Thursday. Q2 has a 12 month low of $36.25 and a 12 month high of $67.10. The company has a debt-to-equity ratio of 1.12, a current ratio of 6.00 and a quick ratio of 6.00.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The firm had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $60.18 million. Q2 had a negative net margin of 12.88% and a negative return on equity of 13.06%. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. On average, sell-side analysts expect that Q2 will post -0.53 EPS for the current fiscal year.

In other news, Director Jeffrey T. Diehl sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $58.25, for a total value of $58,250,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Odus Edward Wittenburg, Jr. sold 21,250 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $62.18, for a total transaction of $1,321,325.00. Following the completion of the sale, the president now owns 99,243 shares of the company’s stock, valued at approximately $6,170,929.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,472,477 shares of company stock valued at $86,758,418. 17.90% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Q2 in the 2nd quarter valued at about $132,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Q2 in the 2nd quarter valued at about $200,000. Brick & Kyle Associates bought a new stake in shares of Q2 in the 2nd quarter valued at about $228,000. Trexquant Investment LP bought a new stake in shares of Q2 in the 2nd quarter valued at about $267,000. Finally, Public Employees Retirement Association of Colorado bought a new stake in shares of Q2 in the 3rd quarter valued at about $285,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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Analyst Recommendations for Q2 (NYSE:QTWO)

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