Q2 (NYSE:QTWO) Given New $60.00 Price Target at Stifel Nicolaus

Q2 (NYSE:QTWO) had its price objective boosted by Stifel Nicolaus from $48.00 to $60.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

A number of other analysts have also issued reports on the stock. TheStreet upgraded shares of Q2 from a d+ rating to a c- rating in a research note on Friday, December 29th. Canaccord Genuity Group lifted their price objective on shares of Q2 from $40.00 to $55.00 and gave the company a buy rating in a research note on Friday, February 23rd. The Goldman Sachs Group lifted their price objective on shares of Q2 from $39.00 to $51.00 and gave the company a buy rating in a research note on Tuesday, January 23rd. Needham & Company LLC lifted their price target on shares of Q2 from $50.00 to $58.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird lifted their price objective on shares of Q2 from $50.00 to $60.00 and gave the stock an outperform rating in a report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $48.20.

Q2 Price Performance

QTWO opened at $53.75 on Wednesday. The company’s 50 day simple moving average is $49.29 and its 200 day simple moving average is $42.15. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 2.23. Q2 has a 1 year low of $21.21 and a 1 year high of $54.50.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The firm had revenue of $162.12 million for the quarter, compared to analysts’ expectations of $161.31 million. Q2 had a negative net margin of 10.47% and a negative return on equity of 6.75%. On average, equities analysts forecast that Q2 will post -0.05 EPS for the current year.

Insider Buying and Selling

In related news, CEO Matthew P. Flake sold 46,937 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $42.20, for a total value of $1,980,741.40. Following the completion of the sale, the chief executive officer now owns 473,411 shares of the company’s stock, valued at $19,977,944.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Q2 news, CEO Matthew P. Flake sold 46,937 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $42.20, for a total value of $1,980,741.40. Following the sale, the chief executive officer now directly owns 473,411 shares in the company, valued at $19,977,944.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew P. Flake sold 45,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $41.76, for a total transaction of $1,879,200.00. Following the completion of the sale, the chief executive officer now owns 473,411 shares in the company, valued at $19,769,643.36. The disclosure for this sale can be found here. Insiders sold 337,639 shares of company stock valued at $14,994,784 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Q2

Several hedge funds and other institutional investors have recently bought and sold shares of QTWO. Vanguard Group Inc. raised its holdings in Q2 by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock worth $224,368,000 after buying an additional 487,111 shares during the period. Wasatch Advisors LP raised its holdings in Q2 by 10.8% during the 1st quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock worth $214,386,000 after buying an additional 398,871 shares during the period. Conestoga Capital Advisors LLC raised its holdings in Q2 by 13.2% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,203,414 shares of the technology company’s stock worth $95,650,000 after buying an additional 256,802 shares during the period. North Reef Capital Management LP raised its holdings in Q2 by 21.2% during the 3rd quarter. North Reef Capital Management LP now owns 2,070,000 shares of the technology company’s stock worth $66,799,000 after buying an additional 362,227 shares during the period. Finally, Jennison Associates LLC raised its holdings in Q2 by 32.0% during the 4th quarter. Jennison Associates LLC now owns 1,616,825 shares of the technology company’s stock worth $70,186,000 after buying an additional 391,539 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.