Q2 Holdings Inc [QTWO] stock is trading at $50.00, up 2.29%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The QTWO shares have gain 9.08% over the last week, with a monthly amount glided 15.74%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Q2 Holdings, Inc. Announces Fourth Quarter and Full-Year 2023 Financial Results. In a post published today on Yahoo Finance, Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for financial services, today announced results for its fourth quarter and full year ending December 31, 2023.
From an analyst’s perspective:
Q2 Holdings Inc [NYSE: QTWO] stock has seen the most recent analyst activity on December 13, 2023, when Piper Sandler upgraded its rating to a Neutral and also boosted its price target to $41 from $30. Previously, Stephens upgraded its rating to Overweight on December 07, 2023, and elevated its price target to $46. On August 07, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $40 on the stock. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $39 on July 24, 2023. Goldman initiated its recommendation with a Buy and recommended $38 as its price target on July 12, 2023. BTIG Research upgraded its rating to Buy for this stock on May 31, 2023, but kept the price target unchanged to $36. In a note dated March 15, 2023, Canaccord Genuity downgraded an Hold rating on this stock and revised its target price from $60 to $25.
Q2 Holdings Inc [QTWO] stock has fluctuated between $18.91 and $49.42 over the past year. Currently, Wall Street analysts expect the stock to reach $64.73 within the next 12 months. Q2 Holdings Inc [NYSE: QTWO] shares were valued at $50.00 at the most recent close of the market. An investor can expect a potential return of 29.46% based on the average QTWO price forecast.
Analyzing the QTWO fundamentals
Q2 Holdings Inc [NYSE:QTWO] reported sales of 624.62M for the trailing twelve months, which represents a growth of 10.63%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.15 and Total Capital is -0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 49.05 points at the first support level, and at 48.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.53, and for the 2nd resistance point, it is at 51.07.
Q2 Holdings Inc [QTWO] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.25/share, meaning a difference of -$0.05 and a surprise factor of -20.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.21 per share as compared to estimates of $0.19 per share, a difference of $0.02 representing a surprise of 10.50%.
Ratios To Look Out For
For context, Q2 Holdings Inc’s Current Ratio is 2.04. Also, the Quick Ratio is 2.04, while the Cash Ratio stands at 1.2. Considering the valuation of this stock, the price to sales ratio is 4.73, the price to book ratio is 6.58.
Transactions by insiders
Recent insider trading involved Seale R. H., Director, that happened on Mar 11 ’24 when 689.0 shares were sold. Chief Executive Officer, Flake Matthew P completed a deal on Mar 06 ’24 to sell 22624.0 shares. Meanwhile, Chief Operating Officer Breeden John E sold 18460.0 shares on Mar 06 ’24.
