Q2 (NYSE:QTWO) Stock Price Expected to Rise, DA Davidson Analyst Says

Q2 (NYSE:QTWO) had its target price hoisted by DA Davidson from $76.00 to $86.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. DA Davidson’s price objective would indicate a potential downside of 15.62% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Truist Financial reiterated a “buy” rating and set a $100.00 target price (up from $78.00) on shares of Q2 in a report on Thursday, November 7th. Stephens lifted their target price on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their target price on Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler increased their price target on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, BTIG Research boosted their price objective on Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Q2 Stock Down 0.1 %

Shares of NYSE:QTWO opened at $101.92 on Monday. The firm has a market capitalization of $6.16 billion, a PE ratio of -105.73 and a beta of 1.58. Q2 has a 1 year low of $33.17 and a 1 year high of $105.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.44. The firm’s 50-day moving average is $80.93 and its two-hundred day moving average is $70.01.

Insider Activity at Q2

In other news, Director James Offerdahl sold 1,013 shares of Q2 stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total transaction of $74,931.61. Following the sale, the director now owns 18,789 shares in the company, valued at approximately $1,389,822.33. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Michael S. Kerr sold 517 shares of the company’s 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 directly owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Offerdahl sold 1,013 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total value of $74,931.61. Following the transaction, the director now directly owns 18,789 shares in the company, valued at approximately $1,389,822.33. This represents 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 valued at $3,109,699 over the last ninety days. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC raised its holdings in Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after purchasing an additional 169 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Q2 by 1.4% in the 2nd quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock valued at $1,007,000 after buying an additional 237 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of Q2 by 3.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock valued at $824,000 after buying an additional 407 shares during the period. Arizona State Retirement System boosted its stake in shares of Q2 by 2.6% in the second quarter. Arizona State Retirement System now owns 16,537 shares of the technology company’s stock valued at $998,000 after buying an additional 423 shares in the last quarter. Finally, RiverPark Advisors LLC grew its holdings in Q2 by 9.6% during the second quarter. RiverPark Advisors LLC now owns 6,737 shares of the technology company’s stock worth $406,000 after acquiring an additional 591 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.