Q2 Holdings, Inc. (NYSE:QTWO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $95.80.

A number of research firms have issued reports on QTWO. Morgan Stanley boosted their target price on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Truist Financial reiterated a “buy” rating and set a $100.00 price objective (up from $78.00) on shares of Q2 in a research report on Thursday, November 7th. DA Davidson raised their target price on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. The Goldman Sachs Group boosted their price target on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Q2 from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th.

Q2 Stock Performance

QTWO stock opened at $99.54 on Friday. Q2 has a 1 year low of $39.66 and a 1 year high of $112.82. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of -103.69 and a beta of 1.60. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The stock’s fifty day moving average is $100.64 and its two-hundred day moving average is $81.42.

Insider Buying and Selling at Q2

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

Institutional Trading of Q2

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP raised its position in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after buying an additional 336 shares during the period. CWM LLC increased 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 purchasing an additional 961 shares during the period. International Assets Investment Management LLC lifted its position in shares of 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 worth $146,000 after purchasing an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of 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 purchasing an additional 964 shares during the period. Finally, Quest Partners LLC purchased a new position in Q2 during the second quarter valued at approximately $153,000.

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.