Q2 (NYSE:QTWO) Stock Price Down 6.2% – What’s Next?

Q2 Holdings, Inc. (NYSE:QTWO)’s share price dropped 6.2% during trading on Friday . The stock traded as low as $91.76 and last traded at $93.62. Approximately 110,811 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 434,640 shares. The stock had previously closed at $99.84.

Analysts Set New Price Targets

QTWO has been the subject of a number of research analyst reports. DA Davidson raised 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. Piper Sandler increased their price target on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada increased their price objective on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Needham & Company LLC upped their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Morgan Stanley lifted their price target on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.07.

Q2 Stock Down 9.1 %

The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The business has a fifty day simple moving average of $102.21 and a 200 day simple moving average of $82.91. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of -94.53 and a beta of 1.61.

Insider Buying and Selling at Q2

In other Q2 news, President Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $907,254.00. Following the completion of the sale, the president now directly owns 340,903 shares of the company’s stock, valued at $36,135,718. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Michael A. Volanoski sold 4,178 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $442,868.00. Following the transaction, the executive now directly owns 223,494 shares in the company, valued at approximately $23,690,364. The trade was a 1.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,836 shares of company stock worth $3,061,035. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP lifted its stake in shares of Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares during the last quarter. CWM LLC raised its holdings in 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 lifted its position in Q2 by 7,878.3% in the third 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. boosted its stake in Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after buying an additional 964 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Q2 during the second quarter valued at about $153,000.

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.