Q2 (NYSE:QTWO) Shares Gap Down – Should You Sell?

Q2 Holdings, Inc. (NYSE:QTWO)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $80.65, but opened at $78.54. Q2 shares last traded at $79.60, with a volume of 188,576 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on QTWO. Citigroup boosted their target price on shares of Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Robert W. Baird reissued a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $115.00 target price on shares of Q2 in a report on Thursday, February 13th. Truist Financial reiterated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a research report on Thursday, February 13th. Finally, DA Davidson boosted their price objective on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.27.

Q2 Stock Down 4.9 %

The firm has a market capitalization of $4.68 billion, a P/E ratio of -118.64 and a beta of 1.61. The firm’s fifty day moving average price is $93.06 and its 200-day moving average price is $90.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, equities research analysts forecast that Q2 Holdings, Inc. will post 0.67 earnings per share for the current year.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 1,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares of the company’s stock, valued at $1,516,518.36. This represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares in the company, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,288 shares of company stock valued at $3,091,483. 3.00% of the stock is owned by insiders.

Institutional Trading of Q2

Several institutional investors have recently made changes to their positions in QTWO. Heck Capital Advisors LLC purchased a new stake in Q2 in the 4th quarter worth approximately $191,000. Invst LLC acquired a new position in shares of Q2 in the fourth quarter worth $415,000. Public Employees Retirement System of Ohio purchased a new position in Q2 in the fourth quarter valued at about $140,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Q2 by 66.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,409 shares of the technology company’s stock worth $18,058,000 after buying an additional 71,440 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Q2 during the fourth quarter valued at approximately $530,000.

Q2 Company Profile

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.