Q2 Holdings Inc. (NYSE: QTWO) stock fell -2.17% on Thursday to $27.10 against a previous-day closing price of $27.70. With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.82 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $27.90 whereas the lowest price it dropped to was $26.54. The 52-week range on QTWO shows that it touched its highest point at $55.29 and its lowest point at $18.91 during that stretch. It currently has a 1-year price target of $29.75. Beta for the stock currently stands at 1.41.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QTWO was down-trending over the past week, with a drop of -2.69%, but this was up by 13.63% over a month. Three-month performance dropped to -13.80% while six-month performance rose 7.84%. The stock lost -46.06% in the past year, while it has gained 0.86% so far this year. A look at the trailing 12-month EPS for QTWO yields -1.50 with Next year EPS estimates of 1.00. For the next quarter, that number is 0.13. This implies an EPS growth rate of 4.90% for this year and 46.13% for next year. EPS is expected to grow by 34.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -24.40%.
Float and Shares Shorts:
At present, 57.88 million QTWO shares are outstanding with a float of 55.31 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.9 million, which was 4.98% higher than short shares on Mar 30, 2023. In addition to Mr. Robert H. Seale III as the firm’s Founder & Exec. Chairman, Mr. Matthew P. Flake serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 101.07% of QTWO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.15% of QTWO, in contrast to 59.57% held by mutual funds. Shares owned by individuals account for 39.91%. As the largest shareholder in QTWO with 9.44% of the stake, The Vanguard Group, Inc. holds 5,451,425 shares worth 5,451,425. A second-largest stockholder of QTWO, BlackRock Fund Advisors, holds 3,871,166 shares, controlling over 6.71% of the firm’s shares. Wasatch Advisors, Inc. is the third largest shareholder in QTWO, holding 3,641,412 shares or 6.31% stake. With a 2.97% stake in QTWO, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,717,363 shares are owned by the mutual fund manager. The Hartford Mid Cap Fund, which owns about 2.84% of QTWO stock, is the second-largest Mutual Fund holder. It holds 1,642,153 shares valued at 40.43 million. Alger Funds – Small Cap Focus Fun holds 2.64% of the stake in QTWO, owning 1,523,143 shares worth 37.5 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, QTWO reported revenue of $140.31M and operating income of -$23.26M. The EBITDA in the recently reported quarter was -$7.67M and diluted EPS was -$0.44.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QTWO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With QTWO analysts setting a high price target of $35.00 and a low target of $24.00, the average target price over the next 12 months is $29.75. Based on these targets, QTWO could surge 29.15% to reach the target high and fall by -11.44% to reach the target low. Reaching the average price target will result in a growth of 9.78% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded QTWO stock several times over the past three months with 24 Buys and 9 Sells. In these transactions, 863,696 shares were bought while 136,692 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 1,235,324 while 368,586 shares were sold.
