Q2 (NYSE:QTWO) Coverage Initiated by Analysts at Compass Point

Compass Point initiated coverage on shares of Q2 (NYSE:QTWO) in a research report released on Wednesday morning, MarketBeat reports. The brokerage issued a buy rating and a $91.00 price objective on the technology company’s stock.

Several other research firms also recently weighed in on QTWO. Royal Bank of Canada raised their price target on shares of Q2 from $60.00 to $76.00 and gave the stock a sector perform rating in a research note on Thursday, August 1st. BTIG Research raised their price target on shares of Q2 from $75.00 to $82.00 and gave the stock a buy rating in a research note on Monday, August 26th. Stifel Nicolaus raised their price target on shares of Q2 from $65.00 to $85.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Truist Financial reissued a buy rating and issued a $78.00 price target (up from $68.00) on shares of Q2 in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group raised their price target on shares of Q2 from $59.00 to $86.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $72.38.

Q2 Stock Performance

QTWO opened at $71.14 on Wednesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -52.70 and a beta of 1.58. Q2 has a 52-week low of $28.91 and a 52-week high of $75.94. The firm’s fifty day simple moving average is $68.57 and its two-hundred day simple moving average is $59.54.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 1,013 shares of Q2 stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total transaction of $74,931.61. Following the completion of the sale, the director now directly owns 18,789 shares in the company, valued at $1,389,822.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Q2 news, Director James Offerdahl sold 1,013 shares of Q2 stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total transaction of $74,931.61. Following the completion of the sale, the director now directly owns 18,789 shares in the company, valued at $1,389,822.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey T. Diehl sold 28,005 shares of Q2 stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the sale, the director now owns 397,702 shares of the company’s stock, valued at $29,927,075.50. The disclosure for this sale can be found here. Insiders sold a total of 61,712 shares of company stock worth $4,292,113 over the last three months. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CWM LLC grew its holdings in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after purchasing an additional 169 shares in the last quarter. Arcadia Investment Management Corp MI grew its holdings in shares of Q2 by 193.7% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after purchasing an additional 738 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Q2 in the first quarter valued at approximately $50,000. Quest Partners LLC acquired a new position in shares of Q2 in the second quarter valued at approximately $153,000. Finally, SG Americas Securities LLC acquired a new position in shares of Q2 in the first quarter valued at approximately $173,000.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.