Q2 (NYSE:QTWO) Given “Buy” Rating at Truist Financial

Q2 (NYSE:QTWO)‘s stock had its “buy” rating reaffirmed by investment analysts at Truist Financial in a research note issued on Thursday, Benzinga reports. They currently have a $100.00 price target on the technology company’s stock, up from their previous price target of $78.00. Truist Financial’s target price indicates a potential upside of 10.50% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus upped their target price on Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. BTIG Research upped their target price on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Citigroup downgraded Q2 from a “buy” rating to a “neutral” rating and increased their price objective for the company from $72.00 to $90.00 in a research report on Friday, October 18th. Needham & Company LLC increased their price objective on Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Q2 in a research report on Friday, October 18th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.64.

Q2 Stock Performance

Shares of NYSE QTWO opened at $90.50 on Thursday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.02. The stock has a 50 day simple moving average of $79.23 and a 200-day simple moving average of $68.85. The company has a market cap of $5.46 billion, a PE ratio of -78.02 and a beta of 1.58. Q2 has a 12-month low of $32.97 and a 12-month high of $92.10.

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

Insider Buying and Selling at Q2

In other Q2 news, EVP Jonathan Price sold 11,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $71.64, for a total transaction of $788,040.00. Following the sale, the executive vice president now directly owns 215,079 shares of the company’s stock, valued at $15,408,259.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Jonathan Price sold 11,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $71.64, for a total value of $788,040.00. Following the transaction, the executive vice president now directly owns 215,079 shares of the company’s stock, valued at approximately $15,408,259.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey T. Diehl sold 28,005 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the transaction, the director now directly owns 397,702 shares in the company, valued at $29,927,075.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,963 shares of company stock valued at $3,109,699 in the last three months. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Q2

A number of hedge funds have recently modified their holdings of QTWO. BNP Paribas Financial Markets increased its stake in shares of Q2 by 16.2% in the first quarter. BNP Paribas Financial Markets now owns 53,701 shares of the technology company’s stock worth $2,823,000 after acquiring an additional 7,503 shares during the last quarter. SG Americas Securities LLC bought a new stake in Q2 in the first quarter worth $173,000. Oppenheimer & Co. Inc. bought a new stake in Q2 in the first quarter worth $1,055,000. TimesSquare Capital Management LLC boosted its holdings in Q2 by 7.3% in the first quarter. TimesSquare Capital Management LLC now owns 490,005 shares of the technology company’s stock worth $25,755,000 after purchasing an additional 33,354 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Q2 by 0.5% in the first quarter. Swiss National Bank now owns 115,700 shares of the technology company’s stock worth $6,081,000 after purchasing an additional 600 shares in the last quarter.

About Q2

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.