Q2 Holdings, Inc. (NYSE:QTWO) Receives $73.64 Average Target Price from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $90.79.

Several equities research analysts have commented on QTWO shares. Stephens upped their price target on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup downgraded shares of Q2 from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $72.00 to $90.00 in a research report on Friday, October 18th. Truist Financial reiterated a “buy” rating and issued a $100.00 price objective (up previously from $78.00) on shares of Q2 in a research report on Thursday. Royal Bank of Canada upped their price objective on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, Needham & Company LLC upped their price objective on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday.

Insider Buying and Selling

In related 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 transaction of $102,716.04. Following the completion of the transaction, the executive now owns 227,672 shares in the company, valued at $16,376,446.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the 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 owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,963 shares of company stock worth $3,109,699 in the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

A number of hedge funds have recently bought and sold shares of the business. Brown Capital Management LLC raised its holdings in Q2 by 0.4% in the 1st quarter. Brown Capital Management LLC now owns 2,565,647 shares of the technology company’s stock valued at $134,850,000 after acquiring an additional 11,000 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Q2 by 1.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock valued at $184,125,000 after buying an additional 34,300 shares during the period. Hood River Capital Management LLC grew its stake in shares of Q2 by 5.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock valued at $76,132,000 after buying an additional 67,757 shares during the period. American Century Companies Inc. grew its stake in shares of Q2 by 5,990.6% in the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock valued at $73,008,000 after buying an additional 1,190,274 shares during the period. Finally, Perpetual Ltd purchased a new stake in shares of Q2 in the 3rd quarter valued at approximately $80,788,000.

Q2 Price Performance

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

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

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.