Stifel Nicolaus Forecasts Strong Price Appreciation for Q2 (NYSE:QTWO) Stock

Q2 (NYSE:QTWO) had its target price raised by investment analysts at Stifel Nicolaus from $100.00 to $115.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 11.59% from the stock’s previous close.

Several other research analysts have also weighed in on QTWO. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and increased their target price for the stock from $72.00 to $90.00 in a research note on Friday, October 18th. BTIG Research boosted their target price on Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, August 26th. DA Davidson raised their price target on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. The Goldman Sachs Group boosted their price objective on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Compass Point raised their target price on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.80.

Q2 Stock Performance

Shares of Q2 stock opened at $103.06 on Wednesday. The firm has a market cap of $6.22 billion, a PE ratio of -107.35 and a beta of 1.60. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a 52 week low of $39.66 and a 52 week high of $112.82. The business’s fifty day simple moving average is $96.53 and its 200-day simple moving average is $78.45.

Insider Buying and Selling at Q2

In other news, CRO Michael A. Volanoski sold 4,178 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the sale, the executive now owns 223,494 shares in the company, valued at approximately $23,690,364. The trade was a 1.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Kirk L. Coleman sold 8,559 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the completion of the transaction, the president now directly owns 340,903 shares in the company, valued at $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. Insiders have sold a total of 28,836 shares of company stock worth $3,061,035 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Several institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC grew its position in Q2 by 54.2% during the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after purchasing an additional 169 shares during the last quarter. Natixis Advisors LLC grew its holdings 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 buying an additional 237 shares during the last quarter. Parallax Volatility Advisers L.P. increased its position in Q2 by 5.5% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock valued at $443,000 after acquiring an additional 288 shares during the period. Quarry LP raised its stake in Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after acquiring an additional 336 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in Q2 by 3.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock worth $824,000 after acquiring an additional 407 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.