Q2 Holdings, Inc. (QTWO) Receives Buy Rating from Canaccord Genuity
“The Trade Desk is a technology solution that enables agencies and other ad buyers to purchase online advertising through its self-service platform, using data to drive the best possible advertising decisions. The company charges its clients (agencies) a technology fee for using its platform, which is transparent and shows detailed performance metrics to its clients. The Trade Desk’s platform allows its clients to buy advertising across a wide swath of digital channels, including Display, Video, Mobile and Native, with TV also coming. TTD generated $114MM in revenue in 2015 and $39MM in EBITDA.”,” the firm’s analyst commented.
A number of other equities research analysts have also recently issued reports on QTWO. BTIG Research cut Q2 Holdings from a buy rating to a neutral rating in a research note on Monday, November 14th. Pacific Crest started coverage on Q2 Holdings in a research note on Friday, November 18th. They issued a sector weight rating on the stock. Needham & Company LLC reiterated a buy rating and issued a $34.00 target price on shares of Q2 Holdings in a research note on Tuesday, December 13th. Loop Capital started coverage on Q2 Holdings in a research note on Tuesday, January 10th. They issued a buy rating and a $36.00 target price on the stock. Finally, RBC Capital Markets reiterated a buy rating and issued a $35.00 target price on shares of Q2 Holdings in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Q2 Holdings has a consensus rating of Buy and an average target price of $31.88.
Q2 Holdings (NYSE:QTWO) opened at 35.65 on Thursday. The firm has a 50-day moving average of $31.15 and a 200-day moving average of $29.49. Q2 Holdings has a 12-month low of $19.55 and a 12-month high of $36.50. The stock’s market capitalization is $1.43 billion.
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In related news, insider Adam D. Anderson sold 32,137 shares of Q2 Holdings stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $29.40, for a total transaction of $944,827.80. Following the sale, the insider now directly owns 36,237 shares in the company, valued at $1,065,367.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Offerdahl sold 1,000 shares of Q2 Holdings stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $29.65, for a total transaction of $29,650.00. Following the sale, the director now owns 9,043 shares in the company, valued at $268,124.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,612 shares of company stock worth $2,403,964. Company insiders own 38.10% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in shares of Q2 Holdings by 85.0% in the third quarter. Wells Fargo & Company MN now owns 3,258,617 shares of the company’s stock worth $93,392,000 after buying an additional 1,497,182 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of Q2 Holdings by 4.2% in the third quarter. Manning & Napier Advisors LLC now owns 511,079 shares of the company’s stock worth $14,646,000 after buying an additional 20,690 shares in the last quarter. Lebenthal Lisanti Capital Growth LLC boosted its stake in shares of Q2 Holdings by 4.5% in the third quarter. Lebenthal Lisanti Capital Growth LLC now owns 36,650 shares of the company’s stock worth $1,050,000 after buying an additional 1,580 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Q2 Holdings by 150.8% in the third quarter. Nationwide Fund Advisors now owns 153,295 shares of the company’s stock worth $4,393,000 after buying an additional 92,180 shares in the last quarter. Finally, Hamilton Lane Advisors LLC bought a new stake in shares of Q2 Holdings during the third quarter worth $335,000. Institutional investors and hedge funds own 93.68% of the company’s stock.
Q2 Holdings Company Profile
Q2 Holdings, Inc 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. The Company delivers virtual banking solutions across online, mobile, voice and tablet channels. The Company’s solutions are the point of interaction between its RCFI customers and their account holders.
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