Q2 Holdings, Inc. (NYSE:QTWO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $102.13.

Several analysts have weighed in on the stock. Morgan Stanley boosted 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. Piper Sandler lifted their target price on Q2 from $74.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price target on Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Citigroup boosted their price objective on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus upped their price objective on Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th.

Insiders Place Their Bets

In other news, President Kirk L. Coleman sold 10,428 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were 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 approximately $35,931,968.06. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Michael A. Volanoski sold 4,178 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $106.00, for a total value of $442,868.00. Following the sale, the executive now directly owns 223,494 shares of the company's stock, valued at approximately $23,690,364. This represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Q2

Several large investors have recently added to or reduced their stakes in the company. Versor Investments LP acquired a new position in Q2 in the 3rd quarter valued at approximately $590,000. State Street Corp increased its stake in shares of 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 during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Q2 by 32.2% during the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock worth $2,451,000 after acquiring an additional 7,475 shares in the last quarter. Nordea Investment Management AB boosted its position in Q2 by 61.8% during the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock valued at $11,208,000 after purchasing an additional 42,433 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Q2 in the third quarter valued at about $1,227,000.

Q2 Stock Up 0.9 %

Shares of QTWO traded up $0.79 during midday trading on Friday, hitting $91.91. The company had a trading volume of 149,249 shares, compared to its average volume of 649,578. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a 52 week low of $41.23 and a 52 week high of $112.82. The company's 50 day moving average price is $97.97 and its 200 day moving average price is $88.73. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of -95.74 and a beta of 1.61.

Q2 (NYSE:QTWO - Get Free Report) last released its 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 return on equity of 2.30% and a negative net margin of 8.40%. On average, equities research analysts predict that Q2 will post 0.08 EPS for the current year.

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.