Q2 Holdings, Inc. (NYSE:QTWO) Receives Average Recommendation of “Moderate Buy” from Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $73.64.

Several analysts have recently weighed in on the company. DA Davidson reiterated a “neutral” rating and set a $76.00 target price on shares of Q2 in a research report on Monday, September 30th. Compass Point began coverage on shares of Q2 in a report on Wednesday, September 4th. They set a “buy” rating and a $91.00 price objective for the company. BTIG Research upped their target price on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Q2 in a research note on Friday, October 18th. Finally, Citigroup lowered Q2 from a “buy” rating to a “neutral” rating and boosted their price target for the company from $72.00 to $90.00 in a report on Friday, October 18th.

Insider Activity at Q2

In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the transaction, the general counsel now directly owns 61,130 shares in the company, valued at approximately $4,331,671.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, General Counsel Michael S. Kerr sold 517 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the sale, the general counsel now owns 61,130 shares in the company, valued at approximately $4,331,671.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Price sold 11,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the transaction, the executive vice president now owns 215,079 shares in the company, valued at approximately $15,408,259.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,963 shares of company stock valued at $3,109,699 over the last quarter. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Q2

A number of institutional investors have recently bought and sold shares of QTWO. BNP Paribas Financial Markets grew its holdings in shares of Q2 by 16.2% during the first quarter. BNP Paribas Financial Markets now owns 53,701 shares of the technology company’s stock valued at $2,823,000 after buying an additional 7,503 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Q2 during the 1st quarter valued at about $50,000. Nordea Investment Management AB grew its stake in Q2 by 45.2% during the 1st quarter. Nordea Investment Management AB now owns 64,826 shares of the technology company’s stock valued at $3,456,000 after purchasing an additional 20,195 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Q2 in the first quarter valued at about $173,000. Finally, Mesirow Institutional Investment Management Inc. purchased a new position in shares of Q2 in the first quarter worth about $19,101,000.

Q2 Trading Up 5.0 %

QTWO opened at $90.50 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44. The stock’s 50 day moving average price is $79.23 and its 200-day moving average price is $68.85. Q2 has a one year low of $32.97 and a one year high of $92.10. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of -78.02 and a beta of 1.58.

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.