Q2 (NYSE:QTWO) Given “Buy” Rating at Truist Financial

Truist Financial reissued their buy rating on shares of Q2 (NYSE:QTWO) in a research note published on Thursday,Benzinga reports. They currently have a $110.00 price objective on the technology company’s stock, up from their prior price objective of $100.00.

QTWO has been the topic of a number of other research reports. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and upped their target price for the stock from $72.00 to $90.00 in a report on Friday, October 18th. DA Davidson upped their price target on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Compass Point increased their price objective on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Finally, Stephens upped their target price on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.13.

Q2 Stock Performance

NYSE:QTWO opened at $92.82 on Thursday. Q2 has a 1 year low of $41.23 and a 1 year 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. The stock’s fifty day moving average price is $98.99 and its two-hundred day moving average price is $88.08.

Q2 (NYSE:QTWO) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. On average, research analysts anticipate that Q2 will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Q2

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the sale, the president now directly owns 337,643 shares of the company’s stock, valued at $35,931,968.06. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the transaction, the director now directly owns 18,241 shares in the company, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock worth $3,061,035 over the last ninety days. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Proficio Capital Partners LLC purchased a new position in Q2 in the 4th quarter worth approximately $29,000. Quarry LP grew its holdings in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after purchasing an additional 336 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Q2 in the fourth quarter worth $30,000. TCTC Holdings LLC bought a new stake in Q2 during the 4th quarter valued at $30,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Q2 during the 4th quarter valued at $32,000.

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.