Q2 (NYSE:QTWO) Rating Lowered to “Hold” at Zacks Research

Q2 (NYSE:QTWO) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on QTWO. Wall Street Zen cut shares of Q2 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Stephens set a $90.00 price target on Q2 in a research note on Friday, January 16th. Needham & Company LLC cut their price objective on Q2 from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Cantor Fitzgerald reduced their price objective on Q2 from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Finally, DA Davidson raised Q2 from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, February 3rd. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.29.

Q2 Trading Down 0.6%

QTWO opened at $49.38 on Monday. The company has a market cap of $3.08 billion, a P/E ratio of 62.51 and a beta of 1.40. The company’s 50 day moving average is $57.00 and its 200-day moving average is $66.31. Q2 has a 1-year low of $46.16 and a 1-year high of $96.68.

Insider Transactions at Q2

In related news, insider Kimberly Anne Rutledge sold 3,187 shares of Q2 stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $50.37, for a total value of $160,529.19. Following the transaction, the insider directly owned 80,551 shares of the company’s stock, valued at $4,057,353.87. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Michael S. Kerr sold 2,821 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $144,858.35. Following the completion of the sale, the general counsel owned 47,227 shares in the company, valued at $2,425,106.45. The trade was a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 411,087 shares of company stock worth $20,702,472. 0.31% of the stock is currently owned by insiders.

Institutional Trading of Q2

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QTWO. Headlands Technologies LLC acquired a new stake in shares of Q2 during the second quarter worth $26,000. Measured Wealth Private Client Group LLC bought a new stake in Q2 during the third quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in Q2 during the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Q2 during the 4th quarter worth about $27,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Q2 in the 3rd quarter worth about $30,000.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.