News stories about Q2 (NYSE:QTWO) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Q2 earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 44.2996429774456 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
QTWO has been the subject of a number of research reports. BidaskClub raised shares of Q2 from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Needham & Company LLC reissued a “buy” rating and issued a $48.00 target price on shares of Q2 in a report on Friday, November 3rd. Loop Capital raised their price objective on shares of Q2 from $42.00 to $49.00 and gave the company a “positive” rating in a report on Friday, November 3rd. SunTrust Banks reiterated a “buy” rating on shares of Q2 in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Q2 from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.36.
Shares of Q2 (QTWO) traded up $1.35 during mid-day trading on Tuesday, hitting $38.20. 285,281 shares of the stock traded hands, compared to its average volume of 232,200. The firm has a market cap of $1,535.63, a P/E ratio of -55.36 and a beta of 1.52. Q2 has a one year low of $28.30 and a one year high of $44.35.
Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.05. The company had revenue of $50.10 million during the quarter, compared to the consensus estimate of $50.05 million. Q2 had a negative net margin of 15.27% and a negative return on equity of 20.50%. The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) EPS. analysts forecast that Q2 will post -0.48 earnings per share for the current fiscal year.
In related news, Director R. H. Seale sold 22,000 shares of Q2 stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $41.16, for a total value of $905,520.00. Following the completion of the sale, the director now owns 383,828 shares of the company’s stock, valued at approximately $15,798,360.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Barry G. Benton sold 1,500 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $42.69, for a total value of $64,035.00. Following the transaction, the senior vice president now owns 23,487 shares in the company, valued at $1,002,660.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 922,086 shares of company stock valued at $38,241,030. Insiders own 24.50% of the company’s stock.
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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.
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