Q2 (NYSE:QTWO) Price Target Raised to $125.00

Q2 (NYSE:QTWO) had its price target lifted by Needham & Company LLC from $120.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other brokerages also recently issued reports on QTWO. Robert W. Baird reiterated a “neutral” rating and set a $99.00 price target (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Stifel Nicolaus upped their target price on shares of Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Baird R W cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Stephens increased their price objective on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Truist Financial restated a “buy” rating and issued a $100.00 target price (up previously from $78.00) on shares of Q2 in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.13.

Q2 Stock Performance

Shares of QTWO stock opened at $91.26 on Thursday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $98.27 and a two-hundred day simple moving average of $88.43. Q2 has a 12 month low of $41.23 and a 12 month high of $112.82. The firm has a market capitalization of $5.51 billion, a PE ratio of -95.06 and a beta of 1.61.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. Analysts forecast that Q2 will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 548 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now owns 18,241 shares of the company’s stock, valued at $1,914,392.95. The trade was a 2.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Kirk L. Coleman sold 10,428 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, the president now directly owns 337,643 shares of the company’s stock, valued at $35,931,968.06. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock valued at $3,061,035 over the last three months. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC purchased a new stake in shares of Q2 in the fourth quarter worth about $29,000. Quarry LP lifted its stake in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Q2 in the 4th quarter worth approximately $30,000. TCTC Holdings LLC purchased a new position in shares of Q2 during the 4th quarter valued at $30,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Q2 in the fourth quarter worth $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.