When I first initiated coverage of Q2 Holdings, Inc. (NYSE:QTWO) in early May, I was pretty sure about the company but not quite sure about the price. It turns out, I was pretty lucky. The day of writing the article QTWO was trading at exactly $12 a share and at the time, a particularly red beta macro market, quite a few of the not yet profitable IPOs were having a hard time establishing support levels on newly printed charts - QTWO it would turn out was no different. After watching the stock fall to the $10 range (a 16.6% drop), the shares have recovered nicely and since that time have risen 15.5% from the initiation price (32% from...
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