Compass Point Begins Coverage on Q2 (NYSE:QTWO)

Compass Point started coverage on shares of Q2 (NYSE:QTWO) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $91.00 target price on the technology company’s stock.

A number of other analysts have also recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Q2 from $65.00 to $90.00 and gave the stock a buy rating in a report on Thursday, August 1st. DA Davidson cut shares of Q2 from a buy rating to a neutral rating and raised their target price for the stock from $65.00 to $76.00 in a report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on shares of Q2 from $60.00 to $76.00 and gave the stock a sector perform rating in a research note on Thursday, August 1st. Truist Financial reaffirmed a buy rating and issued a $78.00 price objective (up previously from $68.00) on shares of Q2 in a research note on Thursday, August 1st. Finally, Stifel Nicolaus raised their price objective on shares of Q2 from $65.00 to $85.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $72.38.

Q2 Trading Down 2.8 %

Shares of NYSE:QTWO opened at $71.14 on Wednesday. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of -52.70 and a beta of 1.58. Q2 has a 1-year low of $28.91 and a 1-year high of $75.94. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44. The company has a 50 day moving average price of $68.36 and a 200 day moving average price of $59.34.

Insider Buying and Selling at Q2

In other Q2 news, CRO Michael A. Volanoski sold 1,166 shares of Q2 stock in a transaction on Monday, June 10th. The shares were sold at an average price of $61.26, for a total transaction of $71,429.16. Following the completion of the sale, the executive now owns 239,476 shares of the company’s stock, valued at approximately $14,670,299.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director R. H. Seale sold 598 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $61.26, for a total transaction of $36,633.48. Following the transaction, the director now owns 420,171 shares in the company, valued at approximately $25,739,675.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Michael A. Volanoski sold 1,166 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $61.26, for a total transaction of $71,429.16. Following the transaction, the executive now owns 239,476 shares in the company, valued at approximately $14,670,299.76. The disclosure for this sale can be found here. Insiders sold 61,712 shares of company stock valued at $4,292,113 in the last quarter. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nordea Investment Management AB raised its holdings in shares of Q2 by 45.2% during the 1st quarter. Nordea Investment Management AB now owns 64,826 shares of the technology company’s stock valued at $3,456,000 after purchasing an additional 20,195 shares in the last quarter. Jennison Associates LLC raised its holdings in Q2 by 14.6% in the 1st quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after acquiring an additional 235,582 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Q2 by 67.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock worth $2,908,000 after acquiring an additional 22,400 shares during the period. Summit Creek Advisors LLC bought a new position in Q2 in the 4th quarter worth $9,170,000. Finally, PEAK6 Investments LLC raised its holdings in Q2 by 68.8% in the 4th quarter. PEAK6 Investments LLC now owns 69,205 shares of the technology company’s stock worth $3,004,000 after acquiring an additional 28,215 shares during the period.

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.