Brokerages Set Q2 Holdings, Inc. (NYSE:QTWO) Price Target at $105.27

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Seven equities research 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 brokers that have covered the stock in the last year is $105.27.

A number of research analysts have recently commented on the company. Royal Bank of Canada raised their target price on Q2 from $105.00 to $108.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Robert W. Baird restated a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Citigroup lifted their price objective on Q2 from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Truist Financial reiterated a “buy” rating and set a $110.00 price objective (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Finally, Needham & Company LLC lifted their price objective on Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 13th.

Q2 Price Performance

QTWO opened at $75.89 on Wednesday. Q2 has a 1 year low of $46.50 and a 1 year high of $112.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s 50 day simple moving average is $89.81 and its 200 day simple moving average is $90.27. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -116.76 and a beta of 1.62.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. As a group, analysts predict that Q2 will post 0.67 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Matthew P. Flake sold 56,799 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the transaction, the chief executive officer now directly owns 453,849 shares in the company, valued at $35,527,299.72. The trade was a 11.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares in the company, valued at $1,516,518.36. The trade was a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 157,835 shares of company stock valued at $11,959,517 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Q2

Several large investors have recently made changes to their positions in QTWO. Principal Financial Group Inc. lifted its position in shares of Q2 by 38.6% in the third quarter. Principal Financial Group Inc. now owns 176,695 shares of the technology company’s stock valued at $14,095,000 after acquiring an additional 49,233 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Q2 in the third quarter worth about $590,000. Chase Investment Counsel Corp lifted its position in shares of Q2 by 4.2% in the third quarter. Chase Investment Counsel Corp now owns 48,365 shares of the technology company’s stock worth $3,858,000 after buying an additional 1,951 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of Q2 in the third quarter worth about $236,000. Finally, Natixis Advisors LLC lifted its position in shares of Q2 by 4.5% in the third quarter. Natixis Advisors LLC now owns 17,435 shares of the technology company’s stock worth $1,391,000 after buying an additional 744 shares in the last quarter.

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.