Q2 Holdings Inc (QTWO) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 31 from a previous price target of $27 . RBC Capital Mkts advised their investors in a research report released on Aug 5, 2016.
Many Wall Street Analysts have commented on Q2 Holdings Inc. Q2 Holdings Inc was Initiated by Morgan Stanley to “Equal-Weight” on Jul 25, 2016. Needham Resumed Q2 Holdings Inc on Jun 21, 2016 to “Buy”, Price Target of the shares are set at $34.
On the company’s financial health, Q2 Holdings Inc reported $-0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.12. The company had revenue of $36.00 million for the quarter, compared to analysts expectations of $35.61 million. The company’s revenue was up 36.9% compared to the same quarter last year.
Q2 Holdings Inc closed down -1.62 points or -5.33% at $28.75 with 11,24,005 shares getting traded on Thursday. Post opening the session at $29.87, the shares hit an intraday low of $26.61 and an intraday high of $30.28 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Aug 3, 2016, Charles T Doyle (director) sold 15,058 shares at $30.00 per share price. According to the SEC, on Jul 28, 2016, Sherri Manning (SVP, People and Places) sold 10,000 shares at $29.00 per share price. On Jul 8, 2016, Adam D Anderson (EVP, Chief Technology Officer) sold 20,000 shares at $27.44 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.