Q2’s (QTWO) “Buy” Rating Reaffirmed at Truist Financial

Q2 (NYSE:QTWO)‘s stock had its “buy” rating reiterated by stock analysts at Truist Financial in a report released on Thursday,Benzinga reports. They presently have a $110.00 price target on the technology company’s stock, up from their previous price target of $100.00. Truist Financial’s price objective would indicate a potential upside of 20.54% from the company’s current price.

A number of other equities research analysts have also recently commented on QTWO. Morgan Stanley raised their price target on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Piper Sandler raised their price target on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price objective on Q2 from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. KeyCorp upgraded 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. Finally, DA Davidson raised their price objective on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and an average target price of $102.13.

Q2 Price Performance

Shares of Q2 stock opened at $91.26 on Thursday. 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 $98.66 and its 200 day moving average is $88.12. The stock has a market cap of $5.51 billion, a P/E ratio of -95.06 and a beta of 1.61. Q2 has a one year low of $41.23 and a one year high of $112.82.

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

Insider Buying and Selling

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the business’s 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 completion of the transaction, the president now owns 337,643 shares in the company, valued at $35,931,968.06. The trade was a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Offerdahl sold 548 shares of the business’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 transaction, the director now owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders 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

Several large investors have recently modified their holdings of the business. Highland Capital Management LLC raised its stake 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 acquiring an additional 172 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Q2 by 1.1% during the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after acquiring an additional 190 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Q2 by 3.3% during the fourth quarter. Ameritas Investment Partners Inc. now owns 6,156 shares of the technology company’s stock valued at $620,000 after acquiring an additional 195 shares in the last quarter. Moran Wealth Management LLC raised its stake in shares of Q2 by 2.7% during the fourth quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock valued at $817,000 after acquiring an additional 215 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after acquiring an additional 275 shares in the last quarter.

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.