Q2 Holdings, Inc. (NYSE:QTWO) Given Average Rating of “Moderate Buy” by Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $95.80.

A number of analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Q2 from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Truist Financial reaffirmed a “buy” rating and issued a $100.00 target price (up previously from $78.00) on shares of Q2 in a research report on Thursday, November 7th. DA Davidson increased their price target on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Stephens raised their price target on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Piper Sandler upped their price objective on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th.

Q2 Stock Up 0.9 %

Q2 stock opened at $105.68 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a 12 month low of $39.66 and a 12 month high of $112.82. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of -110.08 and a beta of 1.60. The stock has a fifty day simple moving average of $98.38 and a two-hundred day simple moving average of $79.79.

Insider Buying and Selling at Q2

In other news, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Kirk L. Coleman sold 8,559 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the transaction, the president now owns 340,903 shares in the company, valued at $36,135,718. The trade was a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock valued at $3,061,035 in the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Q2 by 38.6% in the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company’s stock worth $14,095,000 after purchasing an additional 49,233 shares during the period. Franklin Resources Inc. increased its stake in Q2 by 17.5% in the 3rd quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company’s stock worth $3,888,000 after buying an additional 7,053 shares during the period. Tidal Investments LLC increased its stake in Q2 by 48.7% in the 3rd quarter. Tidal Investments LLC now owns 10,646 shares of the technology company’s stock worth $849,000 after buying an additional 3,486 shares during the period. Geode Capital Management LLC lifted its holdings in Q2 by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after buying an additional 19,520 shares in the last quarter. Finally, Barclays PLC grew its stake in Q2 by 104.0% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the technology company’s stock worth $13,012,000 after acquiring an additional 83,181 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.