Q2 (NYSE:QTWO) Price Target Raised to $100.00

Q2 (NYSE:QTWO) had its price objective hoisted by Stephens from $75.00 to $100.00 in a research note released on Thursday,Benzinga reports. Stephens currently has an overweight rating on the technology company’s stock.

QTWO has been the subject of several other reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of Q2 in a research note on Friday, October 18th. Compass Point initiated coverage on Q2 in a research report on Wednesday, September 4th. They set a “buy” rating and a $91.00 target price for the company. BTIG Research raised their price target on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Stifel Nicolaus upped their price objective on shares of Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Truist Financial reissued a “buy” rating and issued a $100.00 target price (up from $78.00) on shares of Q2 in a report on Thursday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.79.

Q2 Stock Performance

Shares of NYSE QTWO opened at $102.74 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of -107.02 and a beta of 1.58. The stock’s fifty day moving average price is $80.37 and its two-hundred day moving average price is $69.55. Q2 has a one year low of $32.97 and a one year high of $105.00.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $175.02 million for the quarter, compared to analyst estimates of $173.31 million. Q2 had a negative net margin of 8.40% and a negative return on equity of 2.34%. On average, equities analysts forecast that Q2 will post -0.02 EPS for the current year.

Insider Activity at Q2

In other Q2 news, Director Jeffrey T. Diehl sold 28,005 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $75.25, for a total value of $2,107,376.25. Following the completion of the transaction, the director now owns 397,702 shares of the company’s stock, valued at $29,927,075.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Jeffrey T. Diehl sold 28,005 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 397,702 shares in the company, valued at approximately $29,927,075.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Michael S. Kerr sold 517 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the transaction, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. This represents a 0.00 % decrease in their position. 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 90 days. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Q2

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its holdings 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 buying an additional 169 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after acquiring an additional 1,812 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after acquiring an additional 964 shares during the last quarter. Quest Partners LLC acquired a new stake in Q2 during the 2nd quarter valued at approximately $153,000. Finally, Highland Capital Management LLC bought a new position in Q2 during the 3rd quarter worth approximately $208,000.

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.