Q1 2022 EPS estimates for Q2 Holdings, Inc. downgraded by analyst (NYSE: QTWO)

Q2 Holdings, Inc. (NYSE:QTWO) – Piper Sandler Research analysts dropped their first quarter 2022 earnings per share (EPS) estimates for the second quarter in a report released Thursday, January 13. Piper Sandler analyst A. Ramnani now expects the technology company to post earnings of ($0.21) per share for the quarter, down from its previous forecast of ($0.14). Piper Sandler has a “Neutral” rating and a price target of $81.00 on the stock. Piper Sandler also released estimates for second quarter 2022 earnings at ($0.23) EPS, third quarter 2022 earnings at ($0.22) EPS, fourth quarter 2022 earnings at ($0.17) ) EPS, FY2022 earnings at ($0.81) EPS, Q1 2023 earnings at ($0.14) EPS, Q2 2023 earnings at ($0.16) EPS, Q3 earnings 2023 earnings at ($0.16) EPS, Q4 2023 earnings at ($0.11) EPS and FY2023 earnings at ($0.57) EPS. Q2 (NYSE:QTWO) last released its quarterly results on Wednesday, November 3. The tech company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.02). The company posted revenue of $126.74 million in the quarter, versus a consensus estimate of $125.77 million. The second quarter saw a negative net margin of 26.31% and a negative return on equity of 6.59%.

A number of other analysts have also recently released reports on the stock. Stephens began covering second-quarter stocks in a report on Thursday, November 18. They issued an “overweight” rating and a price target of $100.00 on the stock. Royal Bank of Canada cut its Q2 price target from $120.00 to $110.00 and set an “outperform” rating for the stock in a Thursday, September 30 report. Morgan Stanley lowered its second-quarter price target from $96.00 to $80.00 and set an “equal weight” rating on the stock in a Wednesday, Dec. 15 research note. KeyCorp cut its second-quarter price target from $135.00 to $100.00 and set an “overweight” rating for the company in a Monday, Nov. 8 report. Finally, Zacks Investment Research upgraded Q2 stocks from a “hold” rating to a “sell” rating in a Thursday, Jan. 6, research note. One equity research analyst gave the stock a sell rating, two issued a hold rating and seven gave the company a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $122.70.

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Q2 shares opened at $65.87 on Monday. The company has a debt ratio of 0.94, a current ratio of 3.07 and a quick ratio of 3.07. Q2 has a 1-year low of $64.54 and a 1-year high of $148.56. The company’s fifty-day simple moving average is $80.13 and its 200-day simple moving average is $85.43. The stock has a market capitalization of $3.74 billion, a PE ratio of -29.41 and a beta of 1.42.

A number of institutional investors and hedge funds have been buying and selling shares of QTWO recently. Vanguard Group Inc. increased its Q2 equity stake by 2.3% in the second quarter. Vanguard Group Inc. now owns 5,113,956 shares of the technology company worth $524,590,000 after acquiring 114,469 additional shares in the last quarter. Brown Capital Management LLC increased its second-quarter holdings by 9.0% in the second quarter. Brown Capital Management LLC now owns 4,961,488 shares of the technology company worth $508,949,000 after purchasing an additional 410,371 shares during the period. Wellington Management Group LLP increased its second quarter holdings by 6.2% in the third quarter. Wellington Management Group LLP now owns 3,388,567 shares of the technology company worth $271,560,000 after purchasing an additional 198,041 shares during the period. Wasatch Advisors Inc. increased its second quarter holdings by 198.4% during the third quarter. Wasatch Advisors Inc. now owns 2,991,733 shares of the technology company worth $239,757,000 after purchasing an additional 1,989,083 shares during the period. Finally, Macquarie Group Ltd. increased its Q2 equity holdings by 8.0% during the third quarter. Macquarie Group Ltd. now owns 2,644,251 shares of the technology company worth $211,910,000 after acquiring an additional 196,729 shares during the period.

Separately, COO John E. Breeden sold 498 second-quarter shares in a trade dated Thursday, Dec. 2. The stock was sold at an average price of $76.76, for a total transaction of $38,226.48. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. Additionally, HR director Seale sold 62,500 Q2 shares in a trade dated Monday, Nov. 1. The stock was sold at an average price of $78.56, for a total value of $4,910,000.00. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 129,002 shares of the company worth $10,080,566. Company insiders hold 4.50% of the company’s shares.

About Q2

Q2 Holdings, Inc is committed to providing digital banking solutions. Its services offer security, consulting, web services, custom services and marketing solutions for end users. The company was founded by Robert Hank Seale III in 2004 and is based in Austin, TX.

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Second Quarter Earnings History and Estimates (NYSE:QTWO)

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