Q2 Holdings Receives a Hold from D.A. Davidson


D.A. Davidson analyst Peter Heckmann maintained a Hold rating on Q2 Holdings (NYSE: QTWO) today and set a price target of $47. The company’s shares opened today at $55.25, equals to its 52-week high of $55.25.

According to TipRanks.com, Heckmann is ranked #856 out of 4773 analysts.

Currently, the analyst consensus on Q2 Holdings is Moderate Buy and the average price target is $51.86, representing a -6.1% downside.

In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a $53 price target.

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Based on Q2 Holdings’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $54.81 million and GAAP net loss of $6.05 million. In comparison, last year the company earned revenue of $44.53 million and had a GAAP net loss of $7.04 million.

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Q2 Holdings, Inc. engages in the provision of cloud based virtual 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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