Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) Target Price at $91.50

Q2 Holdings, Inc. (NYSE:QTWO) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $91.50.

Several analysts have issued reports on the stock. Needham & Company LLC upped their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup downgraded Q2 from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Truist Financial restated a “buy” rating and issued a $100.00 price target (up previously from $78.00) on shares of Q2 in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Morgan Stanley upped their price target on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In other news, General Counsel Michael S. Kerr sold 517 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the transaction, the general counsel now directly owns 61,130 shares in the company, valued at approximately $4,331,671.80. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Michael A. Volanoski sold 1,428 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the transaction, the executive now owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. This represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,493 shares of company stock worth $196,863 in the last three months. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Q2

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in Q2 by 17.5% during the third quarter. Franklin Resources Inc. now owns 47,461 shares of the technology company’s stock worth $3,888,000 after buying an additional 7,053 shares in the last quarter. Tidal Investments LLC boosted its holdings in Q2 by 48.7% during the third quarter. Tidal Investments LLC now owns 10,646 shares of the technology company’s stock worth $849,000 after buying an additional 3,486 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Q2 by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,353,156 shares of the technology company’s stock valued at $107,963,000 after acquiring an additional 19,520 shares during the period. Barclays PLC raised its holdings in shares of Q2 by 104.0% during the third quarter. Barclays PLC now owns 163,138 shares of the technology company’s stock valued at $13,012,000 after acquiring an additional 83,181 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Q2 during the third quarter valued at approximately $576,000.

Q2 Trading Up 0.9 %

Shares of Q2 stock opened at $110.17 on Monday. Q2 has a 12-month low of $36.93 and a 12-month high of $112.82. 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 stock has a market cap of $6.65 billion, a PE ratio of -114.76 and a beta of 1.60. The company has a 50-day moving average of $90.64 and a two-hundred day moving average of $75.20.

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.