Q2 (NYSE:QTWO) Receives Neutral Rating from Robert W. Baird

Q2 (NYSE:QTWO)‘s stock had its “neutral” rating restated by equities research analysts at Robert W. Baird in a note issued to investors on Friday,Benzinga reports. They currently have a $99.00 target price on the technology company’s stock, up from their prior target price of $89.00. Robert W. Baird’s target price would indicate a potential downside of 0.97% from the company’s current price.

QTWO has been the subject of a number of other reports. KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research note on Wednesday, December 18th. Citigroup cut Q2 from a “buy” rating to a “neutral” rating and upped their price target for the company from $72.00 to $90.00 in a research note on Friday, October 18th. Piper Sandler increased their price target on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson boosted their price objective on shares of Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Stephens increased their target price on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Q2 currently has an average rating of “Moderate Buy” and a consensus price target of $98.07.

Q2 Price Performance

QTWO opened at $99.97 on Friday. The company has a fifty day moving average price of $102.21 and a two-hundred day moving average price of $82.91. The firm has a market capitalization of $6.04 billion, a PE ratio of -104.13 and a beta of 1.61. Q2 has a 52 week low of $40.60 and a 52 week high of $112.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

Insiders Place Their Bets

In other news, President Kirk L. Coleman sold 8,559 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total transaction of $907,254.00. Following the sale, the president now owns 340,903 shares in the company, valued at $36,135,718. This represents a 2.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total transaction of $543,652.76. Following the completion of the transaction, the executive now directly owns 218,371 shares of the company’s stock, valued at $23,173,530.52. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,836 shares of company stock valued at $3,061,035 in the last quarter. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Q2

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallax Volatility Advisers L.P. increased its stake in shares of Q2 by 5.5% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock worth $443,000 after purchasing an additional 288 shares during the last quarter. Quarry LP increased its position in Q2 by 988.2% during 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 last quarter. Arizona State Retirement System raised its stake in 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 during the period. King Luther Capital Management Corp lifted its position in shares of Q2 by 0.4% in the third quarter. King Luther Capital Management Corp now owns 140,700 shares of the technology company’s stock valued at $11,224,000 after buying an additional 604 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its stake in shares of Q2 by 12.1% during the 3rd quarter. Quadrature Capital Ltd now owns 6,446 shares of the technology company’s stock worth $514,000 after acquiring an additional 698 shares during the period.

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.