Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) Target Price at $72.38

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $72.38.

A number of brokerages have recently issued reports on QTWO. BTIG Research boosted their price target on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Needham & Company LLC upped their price target on shares of Q2 from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus increased their price target on Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Compass Point assumed coverage on Q2 in a research note on Wednesday, September 4th. They issued a “buy” rating and a $91.00 price objective on the stock. Finally, Royal Bank of Canada raised their target price on Q2 from $60.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st.

Q2 Price Performance

Shares of NYSE:QTWO opened at $81.48 on Wednesday. The firm has a 50 day simple moving average of $71.17 and a 200 day simple moving average of $61.58. The company has a market cap of $4.91 billion, a price-to-earnings ratio of -60.36 and a beta of 1.58. Q2 has a one year low of $28.91 and a one year high of $82.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $172.89 million for the quarter, compared to analyst estimates of $170.67 million. Q2 had a negative net margin of 10.40% and a negative return on equity of 3.95%. Research analysts predict that Q2 will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Q2

In related news, Director James Offerdahl sold 1,013 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total value of $74,931.61. Following the transaction, the director now owns 18,789 shares of the company’s stock, valued at approximately $1,389,822.33. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Q2 news, Director James Offerdahl sold 1,013 shares of Q2 stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total transaction of $74,931.61. Following the transaction, the director now directly owns 18,789 shares of the company’s stock, valued at approximately $1,389,822.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey T. Diehl sold 28,005 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the sale, the director now owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,916 shares of company stock worth $3,896,644. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Q2

Several hedge funds have recently modified their holdings of QTWO. Hood River Capital Management LLC purchased a new position in shares of Q2 during the 1st quarter valued at $62,765,000. American Century Companies Inc. grew its position in shares of Q2 by 5,990.6% in the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock valued at $73,008,000 after purchasing an additional 1,190,274 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Q2 by 1,910.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock valued at $37,832,000 after purchasing an additional 683,957 shares during the period. Norges Bank purchased a new stake in Q2 during the 4th quarter worth about $20,470,000. Finally, Wasatch Advisors LP boosted its stake in Q2 by 10.8% in the 1st quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock worth $214,386,000 after purchasing an additional 398,871 shares during the period.

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.