Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) Price Target at $95.80

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fifteen brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $95.80.

Several research analysts have issued reports on the company. Truist Financial reissued a "buy" rating and issued a $100.00 target price (up from $78.00) on shares of Q2 in a research report on Thursday, November 7th. KeyCorp raised Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 price objective for the company in a research note on Wednesday, December 18th. Stifel Nicolaus boosted their price target on shares of Q2 from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Compass Point boosted their price target on shares of Q2 from $91.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price objective on Q2 from $86.00 to $103.00 and gave the company a "buy" rating in a research note on Thursday, November 7th.

Insider Buying and Selling

In other news, CRO Michael A. Volanoski sold 5,123 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.12, for a total value of $543,652.76. Following the transaction, the executive now owns 218,371 shares in the company, valued at approximately $23,173,530.52. This represents a 2.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Kirk L. Coleman sold 10,428 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares in the company, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,836 shares of company stock worth $3,061,035. Company insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Q2

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP increased its position in Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company's stock worth $30,000 after buying an additional 336 shares during the period. CWM LLC raised its position in 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 last quarter. International Assets Investment Management LLC boosted its stake in Q2 by 7,878.3% during the 3rd 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 during the period. Asset Management One Co. Ltd. grew its position in Q2 by 108.1% during the 3rd 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 last quarter. Finally, Quest Partners LLC acquired a new position in Q2 in the second quarter valued at $153,000.

Q2 Stock Down 2.2 %

Shares of QTWO traded down $2.32 on Friday, hitting $103.36. 424,067 shares of the stock traded hands, compared to its average volume of 606,323. Q2 has a one year low of $39.66 and a one year high of $112.82. The business has a 50 day simple moving average of $98.85 and a 200 day simple moving average of $79.97. 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 company has a market capitalization of $6.24 billion, a PE ratio of -107.67 and a beta of 1.60.

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.