Q2 (NYSE:QTWO) Earns “Buy” Rating from Truist Financial

Q2 (NYSE:QTWO)‘s stock had its “buy” rating reissued by equities research analysts at Truist Financial in a research report issued on Thursday,Benzinga reports. They presently have a $110.00 price target on the technology company’s stock, up from their prior price target of $100.00. Truist Financial’s target price suggests a potential upside of 20.54% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus upped their target price on Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. DA Davidson upped their target price on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Robert W. Baird reiterated a “neutral” rating and set a $99.00 target price (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Needham & Company LLC boosted their price target on Q2 from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Citigroup cut Q2 from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $72.00 to $90.00 in a research report on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.13.

Q2 Stock Down 1.7 %

Shares of NYSE:QTWO opened at $91.26 on Thursday. Q2 has a 1 year low of $41.23 and a 1 year high of $112.82. The company has a market cap of $5.51 billion, a PE ratio of -95.06 and a beta of 1.61. 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 stock’s 50-day moving average is $98.66 and its 200 day moving average is $88.12.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. Sell-side analysts anticipate that Q2 will post 0.08 EPS for the current year.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 548 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $907,254.00. Following the completion of the transaction, the president now owns 340,903 shares in the company, valued at approximately $36,135,718. This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,836 shares of company stock worth $3,061,035. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Q2

Institutional investors and hedge funds have recently modified their holdings of the company. TCTC Holdings LLC purchased a new position in shares of Q2 in the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Q2 in the 4th quarter worth $30,000. Ameliora Wealth Management Ltd. bought a new position in Q2 in the 4th quarter worth $32,000. Quarry LP raised its holdings in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after purchasing an additional 275 shares during the period.

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.