Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) Price Target at $55.33

Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $55.33.

Several analysts have recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price (up previously from $40.00) on shares of Q2 in a research report on Thursday, May 2nd. BTIG Research raised their price objective on Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group upped their target price on Q2 from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Stifel Nicolaus raised their price target on shares of Q2 from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Truist Financial reiterated a “buy” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Q2 in a research note on Thursday, May 2nd.

View Our Latest Report on QTWO

Insider Buying and Selling

In related news, Director R. H. Seale sold 689 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $48.75, for a total value of $33,588.75. Following the transaction, the director now directly owns 420,769 shares of the company’s stock, valued at approximately $20,512,488.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Q2 news, Director R. H. Seale sold 9,000 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the sale, the director now directly owns 363,754 shares in the company, valued at $18,224,075.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R. H. Seale sold 689 shares of Q2 stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $48.75, for a total value of $33,588.75. Following the completion of the transaction, the director now owns 420,769 shares in the company, valued at $20,512,488.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 167,181 shares of company stock worth $7,851,375. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. MCF Advisors LLC lifted its stake in shares of Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after buying an additional 374 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Q2 by 2,582.4% during the 4th 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 increased its position in shares of Q2 by 193.7% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after purchasing an additional 738 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Q2 in the first quarter valued at $50,000. Finally, RiverPark Advisors LLC lifted its position 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 during the period.

Q2 Trading Up 1.0 %

NYSE:QTWO opened at $63.92 on Thursday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.06. Q2 has a 1-year low of $26.54 and a 1-year high of $64.17. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of -47.35 and a beta of 1.47. The stock has a fifty day simple moving average of $53.85 and a 200 day simple moving average of $45.51.

Q2 (NYSE:QTWOGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. The business had revenue of $162.12 million for the quarter, compared to analyst estimates of $161.31 million. Sell-side analysts forecast that Q2 will post -0.05 earnings per share for the current year.

Q2 Company Profile

(Get Free Report

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.

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Analyst Recommendations for Q2 (NYSE:QTWO)

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