Q2 (NYSE:QTWO) Shares Gap Down to $74.02

Q2 Holdings, Inc. (NYSE:QTWO) gapped down prior to trading on Thursday . The stock had previously closed at $74.02, but opened at $71.68. Q2 shares last traded at $72.68, with a volume of 338 shares traded.

QTWO has been the topic of a number of research reports. Royal Bank of Canada dropped their target price on shares of Q2 from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, September 30th. KeyCorp cut their price target on shares of Q2 from $135.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday, November 8th. Stephens began coverage on shares of Q2 in a report on Thursday, November 18th. They set an “overweight” rating and a $100.00 price target on the stock. Morgan Stanley cut their price target on shares of Q2 from $96.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 15th. Finally, Zacks Investment Research lowered shares of Q2 from a “hold” rating to a “sell” rating in a report on Thursday, January 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $122.70.

The stock has a market cap of $3.74 billion, a price-to-earnings ratio of -29.41 and a beta of 1.42. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.07 and a current ratio of 3.07. The company’s 50 day simple moving average is $80.13 and its two-hundred day simple moving average is $85.69.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, November 3rd. The technology company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.02). The business had revenue of $126.74 million during the quarter, compared to the consensus estimate of $125.77 million. Q2 had a negative return on equity of 6.59% and a negative net margin of 26.31%. On average, equities research analysts predict that Q2 Holdings, Inc. will post -0.72 earnings per share for the current fiscal year.

In related news, COO John E. Breeden sold 498 shares of the company’s stock in a transaction on Thursday, December 2nd. The shares were sold at an average price of $76.76, for a total transaction of $38,226.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David J. Mehok sold 3,004 shares of the company’s stock in a transaction on Friday, December 10th. The stock was sold at an average price of $80.00, for a total transaction of $240,320.00. The disclosure for this sale can be found here. Insiders sold 129,002 shares of company stock valued at $10,080,566 over the last three months. Insiders own 4.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of QTWO. UBS Group AG boosted its holdings in shares of Q2 by 64.8% during the 3rd quarter. UBS Group AG now owns 814 shares of the technology company’s stock worth $65,000 after buying an additional 320 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Q2 during the 2nd quarter worth $91,000. First Horizon Advisors Inc. bought a new stake in shares of Q2 during the 3rd quarter worth $91,000. Lazard Asset Management LLC acquired a new position in Q2 during the 2nd quarter valued at $116,000. Finally, Advisory Services Network LLC acquired a new position in Q2 during the 2nd quarter valued at $118,000.

About Q2 (NYSE:QTWO)

Q2 Holdings, Inc engages in the provision of digital banking solutions. Its services offer security, advisory, web services, custom services, and end user marketing solutions. The company was founded by Robert Hank Seale III in 2004 and is headquartered in Austin, TX.

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