Q2 Holdings Inc (NYSE:QTWO) had its stock rating reiterated as ‘Buy’ in a report released by analysts at Needham.
Needham today set a target price of 42 on the company’s stock. According to the analyst this now indicates there is a potential increase of 17.81% from Q2 Holdings Inc’s current price of 35.65.
Over the last twelve months Q2 Holdings Inc’s stock price has increased by 82.26% from 19.56 to 35.65.
There are currently 40,138,000 shares in issue with a current share value of 35.65 giving Q2 Holdings Inc a market capitalisation of 1.43B USD .
Q2 Holdings Inc (NYSE:QTWO) has a 50 day moving average of 31.15 and a 200 day moving average of 29.49. The 52 week high for the share price is 36.5 while the 52 week low for the stock is 19.55.
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. Its software-as-a-service (SaaS) delivery model is designed to scale with its customers as they add account holders on its solutions. The Company sells subscriptions to its cloud-based solutions through its direct sales organization. Its solutions include Q2online, Q2 Risk & Fraud Analytics, Q2 Treasury, Q2mobility App, Q2mobile Remote Deposit Capture, Q2text, Q2voice, Q2themes and Q2clarity. The Company’s solutions provide both behavioral analytics and policy-based decision prompts to identify suspect transactions and allow RCFI administrators to analyze transaction activity.