Q2 Holdings, Inc. (NYSE:QTWO) Given Average Rating of "Moderate Buy" by Analysts

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) has been given an average rating of "Moderate Buy" by the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $91.50.

A number of equities research analysts have recently commented on QTWO shares. Truist Financial reiterated a "buy" rating and set a $100.00 target price (up from $78.00) on shares of Q2 in a research note on Thursday, November 7th. Compass Point lifted their price objective 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. Piper Sandler increased their target price on shares of Q2 from $74.00 to $93.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Citigroup cut shares of Q2 from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Finally, BTIG Research increased their price objective on Q2 from $75.00 to $82.00 and gave the company a "buy" rating in a report on Monday, August 26th.

Q2 Stock Performance

Q2 stock traded up $1.87 during mid-day trading on Monday, reaching $106.61. 1,418,193 shares of the company's stock were exchanged, compared to its average volume of 599,974. The business's fifty day simple moving average is $88.85 and its 200 day simple moving average is $74.31. 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 one year low of $36.93 and a one year high of $108.22. The firm has a market capitalization of $6.44 billion, a PE ratio of -109.10 and a beta of 1.58.

Insiders Place Their Bets

In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the transaction, the general counsel now directly owns 61,130 shares in the company, valued at $4,331,671.80. This represents a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Michael A. Volanoski sold 1,428 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the transaction, the executive now owns 227,672 shares in the company, valued at approximately $16,376,446.96. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,493 shares of company stock worth $196,863 in the last quarter. 3.00% of the stock is owned by company insiders.

Institutional Trading of Q2

A number of hedge funds have recently made changes to their positions in QTWO. CWM LLC increased its holdings in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company's stock worth $29,000 after buying an additional 169 shares during the period. Natixis Advisors LLC increased its stake in shares of Q2 by 1.4% during the second quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company's stock valued at $1,007,000 after purchasing an additional 237 shares in the last quarter. Parallax Volatility Advisers L.P. raised its stake in Q2 by 5.5% during the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company's stock valued at $443,000 after buying an additional 288 shares during the last quarter. Quarry LP increased its holdings in shares of Q2 by 988.2% during the third quarter. Quarry LP now owns 370 shares of the technology company's stock valued at $30,000 after acquiring an additional 336 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Q2 by 3.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company's stock worth $824,000 after purchasing an additional 407 shares during 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.