Q2 Holdings, Inc. (NYSE:QTWO) Receives $95.80 Average Price Target from Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $95.80.

QTWO has been the subject of several recent research reports. Stephens raised their target price on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Citigroup cut Q2 from a “buy” rating to a “neutral” rating and increased their target price for the company from $72.00 to $90.00 in a report on Friday, October 18th. Piper Sandler boosted their price target on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, KeyCorp raised Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective on the stock in a research note on Wednesday, December 18th.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the transaction, the director now directly owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Kirk L. Coleman sold 10,428 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the completion of the sale, the president now owns 337,643 shares in the company, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,836 shares of company stock worth $3,061,035 in the last 90 days. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quarry LP boosted its holdings in 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 period. CWM LLC boosted its holdings in shares of Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock valued at $115,000 after buying an additional 961 shares during the period. International Assets Investment Management LLC grew its position in shares of Q2 by 7,878.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after buying an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after buying an additional 964 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Q2 during the second quarter worth about $153,000.

Q2 Trading Down 1.1 %

Shares of QTWO stock opened at $99.54 on Friday. The stock has a market cap of $6.01 billion, a P/E ratio of -103.69 and a beta of 1.60. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a fifty-two week low of $39.66 and a fifty-two week high of $112.82. The business has a fifty day simple moving average of $100.64 and a 200-day simple moving average of $81.42.

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.