Robert W. Baird Lowers Q2 (NYSE:QTWO) Price Target to $34.00

Q2 (NYSE:QTWOGet Rating) had its price objective lowered by research analysts at Robert W. Baird from $61.00 to $34.00 in a note issued to investors on Tuesday, The Fly reports. Robert W. Baird’s price objective would suggest a potential upside of 39.52% from the company’s current price.

QTWO has been the topic of a number of other reports. DA Davidson decreased their target price on Q2 from $74.00 to $58.00 in a research report on Wednesday, November 2nd. Stifel Nicolaus decreased their target price on Q2 from $70.00 to $60.00 in a research report on Tuesday, October 4th. Morgan Stanley decreased their target price on Q2 from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, August 8th. Citigroup decreased their price objective on Q2 from $78.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday, September 12th. Finally, StockNews.com upgraded Q2 from a “sell” rating to a “hold” rating in a research report on Friday, October 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.08.

Q2 Price Performance

NYSE:QTWO opened at $24.37 on Tuesday. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.49. Q2 has a 12 month low of $20.93 and a 12 month high of $90.85. The business’s 50-day moving average is $33.03 and its 200 day moving average is $40.29.

Institutional Investors Weigh In On Q2

Hedge funds and other institutional investors have recently modified their holdings of the business. Ellevest Inc. raised its holdings in shares of Q2 by 669.1% in the second quarter. Ellevest Inc. now owns 723 shares of the technology company’s stock worth $28,000 after buying an additional 629 shares during the period. Harbor Investment Advisory LLC increased its holdings in Q2 by 50.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 1,117 shares of the technology company’s stock worth $43,000 after purchasing an additional 373 shares during the period. Captrust Financial Advisors raised its position in Q2 by 370.8% during the 2nd quarter. Captrust Financial Advisors now owns 1,243 shares of the technology company’s stock valued at $48,000 after purchasing an additional 979 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Q2 in the 1st quarter worth $49,000. Finally, Fifth Third Bancorp grew its position in shares of Q2 by 39.3% during the 1st quarter. Fifth Third Bancorp now owns 815 shares of the technology company’s stock worth $50,000 after buying an additional 230 shares in the last quarter.

About Q2

(Get Rating)

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.

Featured Stories

The Fly logo

Analyst Recommendations for Q2 (NYSE:QTWO)

Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.