Q2 (NYSE:QTWO) Shares Gap Up

Q2 Holdings, Inc. (NYSE:QTWO) shares gapped up from $61.12 to $66.68, closing at $68.28 with a trading volume of 733,278. Analysts have mixed ratings, with Needham lowering its price target from $115 to $90 while maintaining a "buy" rating. The company reported Q3 earnings of $0.23 EPS, missing estimates, but revenue increased by 15.2% year-over-year. Insider sales and institutional investments have been noted, with a current average analyst rating of "Hold" and a consensus target price of $96.47.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $61.12, but opened at $66.68. Q2 shares last traded at $68.2810, with a volume of 733,278 shares changing hands.

Wall Street Analysts Forecast Growth

Why Q2 Holdings Stock Could Be Your Next Big Buy

Several analysts recently weighed in on QTWO shares. Needham & Company LLC decreased their price target on Q2 from $115.00 to $90.00 and set a "buy" rating on the stock in a report on Thursday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Q2 in a research report on Wednesday, October 8th. Stifel Nicolaus cut their price objective on Q2 from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, October 15th. Royal Bank Of Canada cut their price objective on Q2 from $102.00 to $86.00 and set a "sector perform" rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on Q2 from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 24th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $96.47.

Check Out Our Latest Research Report on QTWO

Q2 Trading Up 13.2%

The business has a 50-day moving average price of $70.47 and a 200-day moving average price of $80.36. The firm has a market cap of $4.32 billion, a P/E ratio of 1,389.68 and a beta of 1.48.

Q2 (NYSE:QTWO - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.32). Q2 had a return on equity of 7.57% and a net margin of 0.66%.The firm had revenue of $201.70 million for the quarter, compared to the consensus estimate of $197.87 million. During the same period in the previous year, the company posted ($0.20) EPS. Q2's quarterly revenue was up 15.2% compared to the same quarter last year. Q2 has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Transactions at Q2

In related news, General Counsel Michael S. Kerr sold 967 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $82.60, for a total transaction of $79,874.20. Following the sale, the general counsel owned 56,228 shares of the company's stock, valued at $4,644,432.80. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John E. Breeden sold 6,105 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $75.27, for a total value of $459,523.35. Following the sale, the insider directly owned 149,643 shares in the company, valued at approximately $11,263,628.61. The trade was a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 8,499 shares of company stock valued at $650,658. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Q2

Institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in Q2 during the second quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new stake in Q2 during the third quarter valued at about $27,000. Salomon & Ludwin LLC bought a new stake in Q2 during the third quarter valued at about $30,000. WPG Advisers LLC bought a new stake in Q2 during the first quarter valued at about $35,000. Finally, First Horizon Corp bought a new stake in Q2 during the third quarter valued at about $37,000.

Q2 Company Profile

(Get Free Report)

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.

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Q2 (NYSE:QTWO) Shares Gap Up - Still a Buy?