Q2 Holdings Inc (QTWO) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $-271 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-271.02. The company posted revenue of $33.80 million in the period, compared to analysts expectations of $33.10 million. The company’s revenue was up 39.7% compared to the same quarter last year.
Many Wall Street Analysts have commented on Q2 Holdings Inc. Craig Hallum Initiated Q2 Holdings Inc on Mar 15, 2016 to “Buy”, Price Target of the shares are set at $32.First Analysis Sec Initiated Q2 Holdings Inc on Mar 2, 2016 to “Overweight”, Price Target of the shares are set at $26.Shares were Reiterated by Needham on Feb 12, 2016 to “Buy” and Lowered the Price Target to $ 25 from a previous price target of $34 .
Q2 Holdings Inc opened for trading at $22.7 and hit $23.21 on the upside on Friday, eventually ending the session at $23.19, with a gain of 1.27% or 0.29 points. The heightened volatility saw the trading volume jump to 1,68,506 shares. Company has a market cap of $903 M.
In a different news, on Apr 4, 2016, Adam D Anderson (EVP, Chief Technology Officer) sold 25,000 shares at $24.11 per share price. According to the SEC, on Mar 30, 2016, Carl James Schaper (director) sold 20,000 shares at $22.06 per share price. On Mar 23, 2016, Barry G Benton (SVP, General Counsel) sold 2,500 shares at $22.21 per share price, according to the Form-4 filing with the securities and exchange commission.
Q2 Holdings Inc. (Q2) is a provider of secure cloud-based virtual banking solutions. The Company enables regional and community financial institutions (RCFIs) to deliver a range of virtual banking services. It delivers virtual banking experience across online mobile voice and tablet channels. Its software-as-a-service (SaaS) delivery model is designed to scale with its customers as they add account holders on its solutions. RCFIs can configure the Company’s solutions to function in a manner that is consistent with their specific workflows processes and controls and personalize the experiences they deliver to their account holders by extending the services and local character of their branches across digital channels. It sells subscriptions to its cloud-based solutions through its direct sales organization. The Company’s solutions include Q2online Q2 Risk & Fraud Analytics Q2 Treasury Q2mobility App Q2mobile Remote Deposit Capture Q2text Q2voice Q2themes and Q2clarity.