Q2 Holdings, Inc. (NYSE:QTWO) Receives $102.13 Average PT from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $102.13.

Several equities research analysts have issued reports on the company. Truist Financial reaffirmed a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Stifel Nicolaus boosted their target price on Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Piper Sandler boosted their target price on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Compass Point boosted their target price on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley boosted their target price on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th.

Q2 Trading Down 3.2 %

Shares of QTWO stock opened at $87.84 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $97.14 and a two-hundred day moving average price of $88.95. Q2 has a 12-month low of $43.55 and a 12-month high of $112.82. The firm has a market cap of $5.33 billion, a P/E ratio of -135.13 and a beta of 1.61.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. Equities analysts anticipate that Q2 will post 0.67 EPS for the current fiscal year.

Insider Activity at Q2

In other Q2 news, President Kirk L. Coleman sold 8,559 shares of the company’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 $907,254.00. Following the transaction, the president now owns 340,903 shares in the company, valued at approximately $36,135,718. This represents a 2.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 5,123 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.12, for a total value of $543,652.76. Following the transaction, the executive now owns 218,371 shares in the company, valued at $23,173,530.52. This trade represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,288 shares of company stock worth $3,003,523 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new stake in shares of Q2 in the 4th quarter worth approximately $29,000. Quarry LP grew its stake in shares of Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after buying an additional 336 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Q2 in the 4th quarter worth approximately $30,000. TCTC Holdings LLC purchased a new stake in shares of Q2 in the 4th quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Q2 in the 4th quarter worth approximately $32,000.

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.