Piper Sandler Increases Q2 (NYSE:QTWO) Price Target to $93.00

Q2 (NYSE:QTWO) had its price target boosted by investment analysts at Piper Sandler from $74.00 to $93.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Piper Sandler’s price target would indicate a potential upside of 2.76% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. DA Davidson reaffirmed a “neutral” rating and issued a $76.00 price objective on shares of Q2 in a research report on Monday, September 30th. Needham & Company LLC lifted their price objective on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus lifted their price objective on shares of Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $78.00 price objective (up previously from $68.00) on shares of Q2 in a research report on Thursday, August 1st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Q2 in a research report on Friday, October 18th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Q2 has an average rating of “Moderate Buy” and an average price target of $78.07.

Q2 Trading Up 5.0 %

NYSE QTWO opened at $90.50 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of -78.02 and a beta of 1.58. The company’s 50-day simple moving average is $79.23 and its two-hundred day simple moving average is $68.85. Q2 has a one year low of $32.97 and a one year high of $92.10.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, November 6th. The technology company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $175.02 million for the quarter, compared to the consensus estimate of $173.31 million. Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. Equities analysts forecast that Q2 will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director James Offerdahl sold 1,013 shares of the company’s stock in a transaction on 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 owns 18,789 shares of the company’s stock, valued at $1,389,822.33. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Michael S. Kerr sold 517 shares of the company’s 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 sale, the general counsel now owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James Offerdahl sold 1,013 shares of the company’s 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 transaction, the director now directly owns 18,789 shares in the company, valued at $1,389,822.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,963 shares of company stock valued at $3,109,699. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. CWM LLC lifted its position in 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 buying an additional 169 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Q2 by 1.4% during the second quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock worth $1,007,000 after purchasing an additional 237 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Q2 by 3.1% during the second quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock worth $824,000 after purchasing an additional 407 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Q2 by 2.6% during the second quarter. Arizona State Retirement System now owns 16,537 shares of the technology company’s stock worth $998,000 after purchasing an additional 423 shares in the last quarter. Finally, RiverPark Advisors LLC lifted its position in shares of Q2 by 9.6% during the second quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company’s stock worth $406,000 after purchasing an additional 591 shares in the last quarter.

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.