Q2 Holdings, Inc. (NYSE:QTWO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $91.50.

QTWO has been the topic of several research analyst reports. Piper Sandler boosted their price objective on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their price target on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Stephens increased their price objective on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC lifted their price objective on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Compass Point raised their target price on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Q2 Stock Up 0.2 %

QTWO opened at $104.74 on Monday. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of -109.10 and a beta of 1.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The firm’s fifty day moving average is $88.85 and its 200 day moving average is $74.31. Q2 has a fifty-two week low of $35.20 and a fifty-two week high of $108.00.

Insider Transactions at Q2

In related news, CRO Michael A. Volanoski sold 1,428 shares of Q2 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 directly owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. The trade was a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Offerdahl sold 548 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the transaction, the director now owns 18,241 shares in the company, valued at $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,493 shares of company stock worth $196,863 in the last three months. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after buying an additional 336 shares during the period. CWM LLC increased its stake in Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after purchasing an additional 169 shares during the period. International Assets Investment Management LLC increased its stake in Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after purchasing an additional 1,812 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after purchasing an additional 964 shares during the period. Finally, Quest Partners LLC bought a new position in shares of Q2 in the second quarter worth about $153,000.

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.