Q2 (NYSE:QTWO) Earns Neutral Rating from Compass Point

Compass Point reaffirmed their neutral rating on shares of Q2 (NYSE:QTWO - Free Report) in a research note published on Monday, MarketBeat reports. They currently have a $60.00 price target on the technology company's stock.

QTWO has been the topic of a number of other reports. Baird R W lowered Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Needham & Company LLC upped their target price on Q2 from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Stephens reissued an "overweight" rating and set a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Truist Financial reaffirmed a "buy" rating and issued a $110.00 price target (up from $100.00) on shares of Q2 in a report on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a report on Friday, March 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $102.33.

Q2 Stock Up 2.9 %

Q2 stock traded up $2.11 during trading on Monday, reaching $74.79. 783,952 shares of the company's stock were exchanged, compared to its average volume of 650,594. The company's 50-day moving average is $81.95 and its two-hundred day moving average is $90.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. Q2 has a 52-week low of $49.56 and a 52-week high of $112.82. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of -115.06 and a beta of 1.61.

Q2 (NYSE:QTWO - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, analysts predict that Q2 will post 0.67 earnings per share for the current year.

Insider Activity at Q2

In related news, CEO Matthew P. Flake sold 36,023 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total value of $2,894,448.05. Following the sale, the chief executive officer now directly owns 485,666 shares in the company, valued at $39,023,263.10. This trade represents a 6.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $74.12, for a total value of $493,342.72. Following the transaction, the insider now owns 113,278 shares of the company's stock, valued at $8,396,165.36. This trade represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,858 shares of company stock worth $14,853,965 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Q2

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. William Blair Investment Management LLC acquired a new stake in Q2 in the fourth quarter worth approximately $202,645,000. State Street Corp raised its position in Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock worth $133,118,000 after acquiring an additional 5,000 shares in the last quarter. Capital Research Global Investors raised its position in Q2 by 11.2% in the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock worth $152,825,000 after acquiring an additional 152,872 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Q2 by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company's stock valued at $140,175,000 after acquiring an additional 36,025 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Q2 by 107.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company's stock valued at $135,449,000 after purchasing an additional 698,464 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.