Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) Price Target at $102.13

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $102.13.

A number of research firms have recently issued reports on QTWO. Royal Bank of Canada boosted their price target on shares of Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Compass Point boosted their price target on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective on the stock in a research note on Wednesday, December 18th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Piper Sandler upped their price objective on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th.

Insider Buying and Selling at Q2

In other news, CRO Michael A. Volanoski sold 4,178 shares of Q2 stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $442,868.00. Following the transaction, the executive now directly owns 223,494 shares in the company, valued at approximately $23,690,364. The trade was a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, the president now owns 337,643 shares in the company, valued at $35,931,968.06. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock worth $3,061,035 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Q2

A number of institutional investors have recently made changes to their positions in QTWO. Highland Capital Management LLC increased its stake in Q2 by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock valued at $279,000 after acquiring an additional 172 shares during the period. Arizona State Retirement System increased its stake in Q2 by 1.1% during the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after acquiring an additional 190 shares during the period. Summit Investment Advisors Inc. increased its stake in Q2 by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company’s stock valued at $620,000 after acquiring an additional 195 shares during the period. Moran Wealth Management LLC increased its stake in Q2 by 2.7% during the fourth quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock valued at $817,000 after acquiring an additional 215 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after acquiring an additional 275 shares during the period.

Q2 Stock Down 1.7 %

NYSE QTWO opened at $92.05 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The company’s 50 day simple moving average is $97.44 and its 200 day simple moving average is $88.94. Q2 has a 12 month low of $41.23 and a 12 month high of $112.82. The company has a market capitalization of $5.59 billion, a P/E ratio of -141.61 and a beta of 1.61.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Equities research analysts expect that Q2 will post 0.43 earnings per share for the current fiscal year.

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.