Q2 (NYSE:QTWO) Price Target Raised to $100.00

Q2 (NYSE:QTWO - Free Report) had its price target hoisted by Citigroup from $96.00 to $100.00 in a report issued on Thursday,Benzinga reports. They currently have a neutral rating on the technology company's stock.

A number of other equities research analysts have also commented on the stock. Truist Financial reiterated a "buy" rating and set a $110.00 price target (up from $100.00) on shares of Q2 in a report on Thursday. DA Davidson upped their price objective on shares of Q2 from $76.00 to $86.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Baird R W cut Q2 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. The Goldman Sachs Group raised their price target on Q2 from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price target on shares of Q2 from $76.00 to $105.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.13.

Q2 Stock Performance

QTWO traded down $1.60 on Thursday, hitting $91.26. The company's stock had a trading volume of 787,677 shares, compared to its average volume of 594,098. Q2 has a 12 month low of $41.23 and a 12 month high of $112.82. The firm has a market cap of $5.51 billion, a P/E ratio of -95.06 and a beta of 1.61. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The company's 50 day simple moving average is $98.27 and its 200-day simple moving average is $88.58.

Q2 (NYSE:QTWO - Get Free Report) last released 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%. Analysts forecast that Q2 will post 0.08 EPS for the current year.

Insider Activity at Q2

In related news, President Kirk L. Coleman sold 8,559 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the transaction, the president now owns 340,903 shares in the company, valued at $36,135,718. This represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Offerdahl sold 548 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the transaction, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Q2

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Highland Capital Management LLC grew its position in 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 buying an additional 172 shares during the period. Arizona State Retirement System lifted its position in shares of Q2 by 1.1% during the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock valued at $1,761,000 after buying an additional 190 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Q2 by 3.3% during the 4th 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 during the period. Moran Wealth Management LLC increased its holdings in Q2 by 2.7% in the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock worth $817,000 after acquiring an additional 215 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in Q2 by 269.6% during the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after acquiring an additional 275 shares during the period.

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.