Q2 (NYSE:QTWO) Price Target Increased to $65.00 by Analysts at Robert W. Baird

Q2 (NYSE:QTWO) had its price objective raised by Robert W. Baird from $60.00 to $65.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s target price suggests a potential upside of 25.65% from the company’s current price.

QTWO has been the subject of several other reports. Truist Financial reiterated a “buy” rating and issued a $60.00 price target (up from $50.00) on shares of Q2 in a report on Friday, April 19th. Canaccord Genuity Group boosted their price target on Q2 from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. The Goldman Sachs Group increased their price objective on shares of Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Stifel Nicolaus boosted their target price on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Piper Sandler raised their price target on shares of Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Q2 Stock Performance

NYSE QTWO opened at $51.73 on Thursday. 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. The firm has a market capitalization of $3.06 billion, a P/E ratio of -45.78 and a beta of 1.47. The business’s 50-day simple moving average is $50.26 and its 200-day simple moving average is $42.83.

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. Q2 had a negative net margin of 10.47% and a negative return on equity of 6.75%. The firm had revenue of $162.12 million for the quarter, compared to analysts’ expectations of $161.31 million. Equities analysts predict that Q2 will post -0.05 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Matthew P. Flake sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $41.09, for a total value of $1,849,050.00. Following the sale, the chief executive officer now owns 473,411 shares of the company’s stock, valued at approximately $19,452,457.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Matthew P. Flake sold 45,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $41.09, for a total transaction of $1,849,050.00. Following the completion of the transaction, the chief executive officer now owns 473,411 shares in the company, valued at $19,452,457.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew P. Flake sold 46,937 shares of Q2 stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $42.20, for a total transaction of $1,980,741.40. Following the completion of the sale, the chief executive officer now owns 473,411 shares in the company, valued at $19,977,944.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 337,639 shares of company stock valued at $14,994,784. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QTWO. MCF Advisors LLC increased 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 valued at $27,000 after purchasing an additional 374 shares during the period. International Assets Investment Management LLC raised its position 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 acquiring an additional 878 shares in the last quarter. Arcadia Investment Management Corp MI lifted its holdings in Q2 by 193.7% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after acquiring an additional 738 shares during the last quarter. RiverPark Advisors LLC boosted its position in shares of Q2 by 261.0% during the 4th quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock valued at $58,000 after purchasing an additional 963 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in Q2 during the fourth quarter worth approximately $152,000.

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.