Q2 (NYSE:QTWO) Price Target Raised to $125.00 at Needham & Company LLC

Q2 (NYSE:QTWO - Free Report) had its price target upped by Needham & Company LLC from $120.00 to $125.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company's stock.

A number of other equities analysts have also recently issued reports on QTWO. Stephens lifted their target price on Q2 from $75.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Piper Sandler upped their price objective on shares of Q2 from $74.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. KeyCorp raised shares of Q2 from a "sector weight" rating to an "overweight" rating and set a $126.00 target price on the stock in a research report on Wednesday, December 18th. Robert W. Baird reaffirmed a "neutral" rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Finally, The Goldman Sachs Group increased their target price on Q2 from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $102.13.

Q2 Price Performance

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

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. Equities analysts forecast that Q2 will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director James Offerdahl sold 548 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the transaction, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Michael A. Volanoski sold 5,123 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.12, for a total transaction of $543,652.76. Following the sale, the executive now owns 218,371 shares of the company's stock, valued at $23,173,530.52. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock valued at $3,061,035 over the last ninety days. Corporate insiders own 3.00% of the company's stock.

Institutional Trading of Q2

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Highland Capital Management LLC grew its position in Q2 by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company's stock valued at $279,000 after acquiring an additional 172 shares during the period. Arizona State Retirement System boosted its stake in shares of Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock valued at $1,761,000 after purchasing an additional 190 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Q2 by 3.3% in the 4th quarter. Ameritas Investment Partners Inc. now owns 6,156 shares of the technology company's stock valued at $620,000 after purchasing an additional 195 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 215 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of 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 purchasing an additional 275 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.