[EDGAR] Q2 Holdings Inc (NYSE:QTWO)(TREND ANALYSIS) This Quarterly Report on Form 10-Q contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. The statements contained in this Quarterly Report on Form 10-Q that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. You can identify these statements by words such as “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “seeks,” “should,” “will,” “strategy,” “future,” “likely,” or “would” or the negative of these terms or similar expressions. These statements are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All of our forward-looking statements are subject to risks and uncertainties that may cause our actual results to differ materially from our expectations. Factors that may cause such differences include, but are not limited to, the risks described under “Risk Factors” in this Quarterly Report on Form 10-Q and those discussed in other documents we file with the Securities and Exchange Commission, or the SEC.
Stock Performance: Click here for a free comprehensive Trend Analysis Report
Q2 Holdings Inc (NYSE:QTWO) stock is currently trading 5.95% below its 52-week-high, 119.72% above its 52-week-low. The 1-year stock price history is in the range of $13.03 – $30.44. Q2 Holdings Inc (QTWO) has a price to book ratio of 9.45 versus Technology sector average of 2.83. QTWO stock price has outperformed the S&P 500 by 58.3%. The Web Hosting & Design company is currently valued at $1.07 billion and its share price closed the last trading session at $28.63. The stock has a 50-day moving average of $27.61 and a 200-day moving average of $24.25.
Q2 Holdings Inc (QTWO) current short interest stands at 0.88 million shares. It has decreased by 1% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.12 million shares, the number of days required to cover the short positions stand at 7.6 days.
QTWO reported last quarter earnings on August 06. The Web Hosting & Design company announced earnings per share of $-0.13 against a consensus Street estimate of $-0.16, beating the average estimate by $0.03. This corresponds to an increase of $0.05 compared to the same quarter of the previous fiscal year.
Is this a Buying Opportunity? Click here for a free Trend Analysis Report
There are currently seven analysts that cover Q2 Holdings Inc stock. Of those seven, six have a Buy rating, one has a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $30.71.
A recent analyst activity consisted of CanaccordGenuity reiterating their Buy stance on August 7. CanaccordGenuity increased their price target on QTWO from $26 to $32. This corresponds to a 11.77% upside from the last closing price. On the date of report, the stock closed at $27.95.
Stifel Nicolaus reiterated their Buy stance on August 3, and increased their price target on QTWO stock from $27 to $30. This corresponds to a 4.79% upside from the last closing price. On the date of report, the stock closed at $27.04.
Another research firm was Avondale Partners who initiated their coverage on the stock with Market Perform rating on May 28. Avondale Partners fixed their price target at $20. This translates to a 30.14% downside from the last closing price. On the date of report, the stock closed at $23.06.
Q2 Holdings Inc is a provider of secure, cloud-based virtual banking solutions. The Company enables regional and community financial institutions, or RCFIs, to deliver a suite of integrated virtual banking services.