Q2 (NYSE:QTWO) Price Target Raised to $125.00 at Needham & Company LLC

Q2 (NYSE:QTWO) had its target price lifted by Needham & Company LLC from $120.00 to $125.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 35.78% from the company’s current price.

A number of other brokerages have also recently commented on QTWO. Piper Sandler boosted their price objective on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Compass Point boosted their price target on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. KeyCorp raised shares of Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price objective for the company in a research report on Wednesday, December 18th. Stephens boosted their target price on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley upped 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. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Q2 currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.40.

Q2 Stock Up 0.5 %

QTWO opened at $92.06 on Thursday. The company has a market cap of $5.56 billion, a PE ratio of -95.89 and a beta of 1.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. Q2 has a 1 year low of $41.23 and a 1 year high of $112.82. The firm has a 50 day moving average price of $99.35 and a 200 day moving average price of $88.05.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. Sell-side analysts expect that Q2 will post 0.08 earnings per share for the current year.

Insider Transactions at Q2

In other Q2 news, President Kirk L. Coleman sold 8,559 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the sale, the president now directly owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. This represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was 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 owns 18,241 shares in the company, valued at approximately $1,914,392.95. The trade was a 2.92 % 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. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

Several institutional investors and hedge funds have recently bought and sold shares of the business. Highland Capital Management LLC grew its holdings in shares of Q2 by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock valued at $279,000 after purchasing an additional 172 shares during the last quarter. Arizona State Retirement System boosted its position in Q2 by 1.1% during the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after purchasing an additional 190 shares during the period. Moran Wealth Management LLC grew its stake in Q2 by 2.7% during the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock worth $817,000 after buying an additional 215 shares during the last quarter. Parallax Volatility Advisers L.P. increased its position in Q2 by 5.5% in the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock worth $443,000 after buying an additional 288 shares during the period. Finally, TCTC Holdings LLC bought a new stake in Q2 in the fourth quarter valued at $30,000.

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.