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

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $98.07.

Several analysts recently issued reports on QTWO shares. Robert W. Baird reiterated a “neutral” rating and set a $99.00 target price (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Piper Sandler boosted their target price 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 upped their price target on shares of Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Q2 Stock Down 0.8 %

Shares of QTWO stock opened at $93.37 on Tuesday. The firm’s fifty day moving average price is $101.63 and its two-hundred day moving average price is $85.75. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a 1 year low of $40.60 and a 1 year high of $112.82. The firm has a market capitalization of $5.64 billion, a P/E ratio of -97.26 and a beta of 1.61.

Insiders Place Their Bets

In other news, CRO Michael A. Volanoski sold 4,178 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $23,690,364. This trade represents a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Kirk L. Coleman sold 8,559 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock worth $3,061,035 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Q2

A number of hedge funds have recently added to or reduced their stakes in QTWO. Heck Capital Advisors LLC bought a new position in shares of Q2 in the fourth quarter worth $191,000. Highland Capital Management LLC grew its stake in Q2 by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after buying an additional 172 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Q2 by 13.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 14,834 shares of the technology company’s stock valued at $1,493,000 after buying an additional 1,810 shares during the period. KBC Group NV raised its position in shares of Q2 by 44.8% in the 4th quarter. KBC Group NV now owns 2,622 shares of the technology company’s stock valued at $264,000 after buying an additional 811 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Q2 by 103.7% during the 4th quarter. Inspire Investing LLC now owns 13,032 shares of the technology company’s stock worth $1,312,000 after acquiring an additional 6,633 shares during the period.

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.