Q2 (NYSE:QTWO) Stock Price Expected to Rise, Compass Point Analyst Says

Q2 (NYSE:QTWO) had its price objective lifted by equities research analysts at Compass Point from $91.00 to $107.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Compass Point’s price target points to a potential upside of 3.37% from the company’s previous close.

A number of other research firms have also issued reports on QTWO. Truist Financial reaffirmed a “buy” rating and issued a $100.00 target price (up previously from $78.00) on shares of Q2 in a report on Thursday. Citigroup cut shares of Q2 from a “buy” rating to a “neutral” rating and upped their target price for the company from $72.00 to $90.00 in a research note on Friday, October 18th. DA Davidson restated a “neutral” rating and issued a $76.00 price target on shares of Q2 in a research report on Monday, September 30th. Royal Bank of Canada upped their price target on Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Stephens boosted their price objective on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.79.

Q2 Stock Up 14.4 %

Shares of QTWO traded up $13.01 during mid-day trading on Thursday, hitting $103.51. 1,284,865 shares of the company’s stock were exchanged, compared to its average volume of 588,247. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. Q2 has a twelve month low of $32.97 and a twelve month high of $105.00. The firm has a fifty day moving average of $79.23 and a two-hundred day moving average of $68.85. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of -89.23 and a beta of 1.58.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $175.02 million for 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, sell-side analysts forecast that Q2 will post -0.02 earnings per share for the current year.

Insider Activity at Q2

In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction dated 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 sale, the general counsel now owns 61,130 shares in the company, valued at approximately $4,331,671.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the sale, the general counsel now directly owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Price sold 11,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the sale, the executive vice president now owns 215,079 shares of the company’s stock, valued at approximately $15,408,259.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,963 shares of company stock valued at $3,109,699 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Q2

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank raised its holdings in shares of Q2 by 1.0% in the third quarter. Swiss National Bank now owns 117,400 shares of the technology company’s stock valued at $9,365,000 after purchasing an additional 1,200 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Q2 by 4.5% during the 3rd quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock worth $1,391,000 after purchasing an additional 744 shares during the last quarter. Parametrica Management Ltd bought a new position in shares of Q2 during the 3rd quarter worth approximately $236,000. Chase Investment Counsel Corp lifted its holdings in Q2 by 4.2% during the 3rd quarter. Chase Investment Counsel Corp now owns 48,365 shares of the technology company’s stock valued at $3,858,000 after purchasing an additional 1,951 shares during the last quarter. Finally, Versor Investments LP bought a new position in Q2 during the third quarter worth $590,000.

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.