Q2 Holdings, Inc. (NYSE:QTWO) Receives $98.07 Average Target Price from Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $98.07.

Several research analysts have recently commented on QTWO shares. Royal Bank of Canada lifted their target price on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their target price on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Robert W. Baird reaffirmed a “neutral” rating and issued a $99.00 price target (up from $89.00) on shares of Q2 in a report on Friday, January 10th. DA Davidson increased their price objective on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Stephens lifted their target price on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th.

Q2 Price Performance

QTWO opened at $94.00 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. Q2 has a 1-year low of $40.60 and a 1-year high of $112.82. The company has a 50-day moving average of $101.63 and a 200-day moving average of $85.58. The company has a market capitalization of $5.68 billion, a P/E ratio of -97.91 and a beta of 1.61.

Insider Buying and Selling at Q2

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the transaction, the president now directly owns 337,643 shares in the company, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James Offerdahl sold 548 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the sale, the director now owns 18,241 shares in the company, valued at $1,914,392.95. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is owned by insiders.

Institutional Trading of Q2

A number of hedge funds have recently modified their holdings of the business. Heck Capital Advisors LLC purchased a new stake in Q2 in the 4th quarter worth about $191,000. Highland Capital Management LLC lifted its position in shares of Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after purchasing an additional 172 shares in the last quarter. Foundations Investment Advisors LLC grew its position in Q2 by 13.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 14,834 shares of the technology company’s stock valued at $1,493,000 after purchasing an additional 1,810 shares in the last quarter. KBC Group NV grew its position in Q2 by 44.8% during the fourth quarter. KBC Group NV now owns 2,622 shares of the technology company’s stock valued at $264,000 after purchasing an additional 811 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Q2 by 103.7% in the 4th quarter. Inspire Investing LLC now owns 13,032 shares of the technology company’s stock valued at $1,312,000 after buying an additional 6,633 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.