DA Davidson Forecasts Strong Price Appreciation for Q2 (NYSE:QTWO) Stock

Q2 (NYSE:QTWO) had its target price hoisted by DA Davidson from $76.00 to $86.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other analysts have also recently issued reports on the company. Truist Financial reissued a “buy” rating and set a $100.00 target price (up from $78.00) on shares of Q2 in a research note on Thursday, November 7th. Morgan Stanley raised their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their target price 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. Citigroup lowered Q2 from a “buy” rating to a “neutral” rating and boosted their price target for the company from $72.00 to $90.00 in a report on Friday, October 18th. Finally, Piper Sandler increased their price objective on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Q2 Stock Up 1.4 %

Shares of Q2 stock opened at $103.30 on Monday. The company has a market capitalization of $6.24 billion, a P/E ratio of -107.60 and a beta of 1.58. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The business has a 50-day moving average of $82.11 and a two-hundred day moving average of $70.58. Q2 has a 1 year low of $34.47 and a 1 year high of $105.00.

Insiders Place Their Bets

In other news, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the transaction, the general counsel now owns 61,130 shares of the company’s stock, valued at $4,331,671.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the sale, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jonathan Price sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the transaction, the executive vice president now directly owns 215,079 shares in the company, valued at $15,408,259.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,963 shares of company stock valued at $3,109,699. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Q2

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC lifted its position in Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after purchasing an additional 1,812 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares during the last quarter. Quest Partners LLC bought a new stake in Q2 in the 2nd quarter valued at $153,000. Finally, SG Americas Securities LLC acquired a new position in Q2 in the 1st quarter valued at $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.