Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $73.64.

Several equities analysts have recently issued reports on the company. Compass Point started coverage on Q2 in a report on Wednesday, September 4th. They issued a “buy” rating and a $91.00 price objective for the company. The Goldman Sachs Group upped their price objective on Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed an “underperform” rating on shares of Q2 in a report on Friday, October 18th. DA Davidson reissued a “neutral” rating and set a $76.00 price target on shares of Q2 in a report on Monday, September 30th. Finally, BTIG Research raised their price target on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, August 26th.

Q2 Trading Up 5.0 %

Shares of Q2 stock opened at $90.50 on Thursday. Q2 has a 1 year low of $32.97 and a 1 year high of $92.10. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44. The stock has a market cap of $5.46 billion, a PE ratio of -78.02 and a beta of 1.58. The firm has a fifty day moving average price of $79.23 and a 200 day moving average price of $68.85.

Insiders Place Their Bets

In other Q2 news, Director Jeffrey T. Diehl sold 28,005 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the transaction, the director now owns 397,702 shares of the company’s stock, valued at $29,927,075.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Michael S. Kerr sold 517 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the transaction, the general counsel now directly owns 61,130 shares in the company, valued at approximately $4,331,671.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey T. Diehl sold 28,005 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the sale, the director now owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,963 shares of company stock worth $3,109,699. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its position in Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after buying an additional 169 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Q2 during the first quarter worth about $50,000. International Assets Investment Management LLC raised its stake in Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after purchasing an additional 1,812 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after purchasing an additional 964 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Q2 in the 2nd quarter valued at approximately $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.