Q2 (NYSE:QTWO) Price Target Raised to $103.00

Q2 (NYSE:QTWO) had its price target raised by The Goldman Sachs Group from $86.00 to $103.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts have also issued reports on QTWO. Needham & Company LLC boosted their target price on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday. Compass Point assumed coverage on shares of Q2 in a report on Wednesday, September 4th. They issued a “buy” rating and a $91.00 target price on the stock. Truist Financial restated a “buy” rating and issued a $100.00 target price (up previously from $78.00) on shares of Q2 in a report on Thursday. BTIG Research boosted their target price on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Piper Sandler boosted their target price on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.79.

Q2 Price Performance

QTWO stock opened at $102.74 on Thursday. 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 company has a quick ratio of 2.44, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a 12-month low of $32.97 and a 12-month high of $105.00. The company’s fifty day simple moving average is $80.37 and its 200 day simple moving average is $69.66.

Insider Transactions at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the sale, the executive now directly owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the sale, the executive now directly owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jonathan Price sold 11,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $71.64, for a total transaction of $788,040.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,963 shares of company stock valued at $3,109,699 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in Q2 by 16.2% in the first quarter. BNP Paribas Financial Markets now owns 53,701 shares of the technology company’s stock valued at $2,823,000 after acquiring an additional 7,503 shares during the last quarter. SG Americas Securities LLC purchased a new position in Q2 in the first quarter valued at about $173,000. Oppenheimer & Co. Inc. purchased a new position in Q2 in the first quarter valued at about $1,055,000. TimesSquare Capital Management LLC boosted its stake in Q2 by 7.3% in the first quarter. TimesSquare Capital Management LLC now owns 490,005 shares of the technology company’s stock valued at $25,755,000 after acquiring an additional 33,354 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Q2 by 0.5% in the first quarter. Swiss National Bank now owns 115,700 shares of the technology company’s stock valued at $6,081,000 after acquiring an additional 600 shares during 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.