Piper Sandler analyst Arvind Ramnani maintained a Hold rating on Q2 Holdings (QTWO – Research Report) today and set a price target of $45.00. The company’s shares closed last Friday at $43.92, close to its 52-week low of $34.42.
According to TipRanks.com, Ramnani is a 1-star analyst with an average return of -0.4% and a 54.2% success rate. Ramnani covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Ceridian HCM Holding, and Aeva Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Q2 Holdings with a $63.00 average price target.
Based on Q2 Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $134 million and GAAP net loss of $23.56 million. In comparison, last year the company earned revenue of $117 million and had a GAAP net loss of $25.66 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of QTWO in relation to earlier this year. Most recently, in May 2022, Jeffrey Diehl, a Director at QTWO bought 5,022 shares for a total of $124,998.
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Q2 Holdings, Inc. engages in the provision of digital banking solutions. Its services offers security, advisory, web services, custom services and end user marketing solutions. The company was founded by Robert H. Seale III on March 31, 2005 and is headquartered in Austin, TX.
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