Q2 (NYSE:QTWO) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Q2 (NYSE:QTWO - Free Report) had its target price upped by Royal Bank of Canada from $105.00 to $108.00 in a report issued on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the technology company's stock.

Several other equities analysts also recently weighed in on the company. Stifel Nicolaus lifted their target price on Q2 from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday. DA Davidson boosted their price objective on Q2 from $76.00 to $86.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Truist Financial restated a "buy" rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a research report on Thursday. Raymond James boosted their price objective on Q2 from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on Q2 from $65.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Q2 currently has a consensus rating of "Moderate Buy" and an average price target of $102.13.

Q2 Stock Performance

Shares of QTWO stock traded down $1.60 on Thursday, reaching $91.26. The stock had a trading volume of 787,677 shares, compared to its average volume of 594,098. The stock 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 debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50. The company has a 50 day simple moving average of $98.27 and a 200 day simple moving average of $88.58. Q2 has a 1 year low of $41.23 and a 1 year high of $112.82.

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

Insiders Place Their Bets

In related news, CRO Michael A. Volanoski sold 4,178 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive now owns 223,494 shares in the company, valued at approximately $23,690,364. The trade was a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Offerdahl sold 548 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 18,241 shares of the company's stock, valued at $1,914,392.95. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock valued at $3,061,035 over the last ninety days. 3.00% of the stock is owned by insiders.

Institutional Trading of Q2

A number of large investors have recently modified their holdings of the company. CWM LLC lifted its holdings in Q2 by 199.8% during the third quarter. CWM LLC now owns 1,442 shares of the technology company's stock worth $115,000 after buying an additional 961 shares during the period. Creative Planning lifted its holdings in Q2 by 62.5% during the third quarter. Creative Planning now owns 19,834 shares of the technology company's stock worth $1,582,000 after buying an additional 7,631 shares during the period. nVerses Capital LLC lifted its holdings in Q2 by 26.7% during the third quarter. nVerses Capital LLC now owns 3,800 shares of the technology company's stock worth $303,000 after buying an additional 800 shares during the period. Raymond James & Associates lifted its holdings in Q2 by 17.9% during the third quarter. Raymond James & Associates now owns 128,654 shares of the technology company's stock worth $10,263,000 after buying an additional 19,495 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company's stock worth $146,000 after buying an additional 1,812 shares during the period.

Q2 Company Profile

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.