Q2 (NYSE:QTWO) Price Target Raised to $82.00

Q2 (NYSE:QTWO) had its price objective upped by BTIG Research from $75.00 to $82.00 in a research report sent to investors on Monday morning, Benzinga reports. BTIG Research currently has a buy rating on the technology company’s stock.

Several other brokerages have also commented on QTWO. Piper Sandler increased their price objective on Q2 from $47.00 to $61.00 and gave the company a neutral rating in a report on Friday, May 3rd. Morgan Stanley restated an equal weight rating and set a $50.00 price target (up previously from $40.00) on shares of Q2 in a research note on Thursday, May 2nd. The Goldman Sachs Group lifted their target price on shares of Q2 from $59.00 to $86.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Stifel Nicolaus boosted their target price on shares of Q2 from $65.00 to $85.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Finally, Robert W. Baird raised their price target on shares of Q2 from $60.00 to $65.00 and gave the stock an outperform rating in a report on Thursday, May 2nd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $68.38.

Q2 Stock Performance

Q2 stock opened at $73.40 on Monday. Q2 has a fifty-two week low of $28.91 and a fifty-two week high of $75.94. The company has a market capitalization of $4.41 billion, a PE ratio of -54.37 and a beta of 1.54. The company has a 50 day moving average price of $66.53 and a 200-day moving average price of $58.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44.

Insider Buying and Selling at Q2

In related news, Director Jeffrey T. Diehl sold 34,434 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $61.63, for a total transaction of $2,122,167.42. Following the completion of the sale, the director now directly owns 672,818 shares in the company, valued at $41,465,773.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Jeffrey T. Diehl sold 34,434 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $61.63, for a total value of $2,122,167.42. Following the transaction, the director now directly owns 672,818 shares in the company, valued at $41,465,773.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey T. Diehl sold 28,005 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $75.25, for a total value of $2,107,376.25. Following the sale, the director now directly owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,148 shares of company stock worth $6,401,264. Insiders own 3.60% of the company’s stock.

Institutional Trading of Q2

Several institutional investors and hedge funds have recently bought and sold shares of QTWO. Nordea Investment Management AB increased its position in shares of Q2 by 45.2% during the first quarter. Nordea Investment Management AB now owns 64,826 shares of the technology company’s stock valued at $3,456,000 after acquiring an additional 20,195 shares during the last quarter. Jennison Associates LLC raised its position in Q2 by 14.6% in the first quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock valued at $97,363,000 after purchasing an additional 235,582 shares during the period. DekaBank Deutsche Girozentrale raised its position in Q2 by 67.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock valued at $2,908,000 after purchasing an additional 22,400 shares during the period. Summit Creek Advisors LLC acquired a new position in Q2 during the fourth quarter worth $9,170,000. Finally, PEAK6 Investments LLC boosted its position in shares of Q2 by 68.8% during the fourth quarter. PEAK6 Investments LLC now owns 69,205 shares of the technology company’s stock worth $3,004,000 after buying an additional 28,215 shares during the period.

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.