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

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $98.07.

Several research firms have recently commented on QTWO. Stifel Nicolaus upped their target price on Q2 from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Truist Financial reissued a “buy” rating and set a $100.00 price target (up previously from $78.00) on shares of Q2 in a report on Thursday, November 7th. Needham & Company LLC increased their price objective on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Stephens boosted their target price on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, KeyCorp upgraded shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a research note on Wednesday, December 18th.

Q2 Price Performance

QTWO opened at $93.84 on Tuesday. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of -97.75 and a beta of 1.61. Q2 has a fifty-two week low of $40.60 and a fifty-two week high of $112.82. The company’s 50-day moving average price is $102.08 and its 200 day moving average price is $84.82. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 548 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now owns 18,241 shares in the company, valued at $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 4,178 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $442,868.00. Following the completion of the transaction, the executive now directly owns 223,494 shares of the company’s stock, valued at $23,690,364. This represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock valued at $3,061,035 over the last three months. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP grew its position in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares in the last quarter. CWM LLC grew its holdings in shares of Q2 by 199.8% during the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after acquiring an additional 961 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after acquiring an additional 964 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in shares of Q2 during the fourth quarter worth $203,000.

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.