Q2 (NYSE:QTWO) Price Target Raised to $60.00

Q2 (NYSE:QTWO) had its price objective increased by equities researchers at Stifel Nicolaus from $48.00 to $60.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 12.38% from the company’s current price.

Several other analysts have also weighed in on the company. The Goldman Sachs Group upped their price objective on Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. DA Davidson upped their target price on Q2 from $48.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Piper Sandler upped their target price on Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. TheStreet raised Q2 from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Finally, Canaccord Genuity Group upped their target price on Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.20.

Q2 Trading Up 3.2 %

Shares of Q2 stock opened at $53.39 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.09. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -47.25 and a beta of 1.49. The business has a fifty day simple moving average of $49.09 and a 200-day simple moving average of $42.06. Q2 has a fifty-two week low of $21.21 and a fifty-two week high of $53.96.

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

Insider Activity

In other news, CEO Matthew P. Flake sold 46,937 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $42.20, for a total transaction of $1,980,741.40. Following the transaction, the chief executive officer now owns 473,411 shares of the company’s stock, valued at approximately $19,977,944.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Matthew P. Flake sold 46,937 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $42.20, for a total transaction of $1,980,741.40. Following the transaction, the chief executive officer now owns 473,411 shares of the company’s stock, valued at approximately $19,977,944.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director R. H. Seale sold 9,000 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $50.10, for a total value of $450,900.00. Following the sale, the director now owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 337,639 shares of company stock valued at $14,994,784. Insiders own 3.60% of the company’s stock.

Institutional Trading of Q2

A number of hedge funds have recently modified their holdings of the company. MCF Advisors LLC lifted its position in shares of Q2 by 156.5% during the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after buying an additional 374 shares during the period. International Assets Investment Management LLC boosted its stake in Q2 by 2,582.4% in the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after purchasing an additional 878 shares in the last quarter. Arcadia Investment Management Corp MI boosted its stake in Q2 by 193.7% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock worth $49,000 after purchasing an additional 738 shares in the last quarter. RiverPark Advisors LLC boosted its stake in Q2 by 261.0% in the fourth quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock worth $58,000 after purchasing an additional 963 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in Q2 in the third quarter worth $97,000.

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.