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

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $102.25.

A number of research firms recently weighed in on QTWO. Cantor Fitzgerald began coverage on shares of Q2 in a research note on Tuesday, June 3rd. They set an “overweight” rating and a $110.00 target price on the stock. Robert W. Baird lifted their target price on shares of Q2 from $84.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Needham & Company LLC lifted their target price on shares of Q2 from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Zacks Research upgraded shares of Q2 to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada lifted their price target on shares of Q2 from $101.00 to $102.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 786 shares of Q2 stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total value of $58,281.90. Following the sale, the director directly owned 17,792 shares in the company, valued at approximately $1,319,276.80. The trade was a 4.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the sale, the executive owned 175,812 shares in the company, valued at approximately $15,626,170.56. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,485 shares of company stock worth $750,307. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dakota Wealth Management increased its holdings in Q2 by 3.8% in the 2nd quarter. Dakota Wealth Management now owns 3,350 shares of the technology company’s stock valued at $314,000 after acquiring an additional 123 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Q2 by 18.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock valued at $94,000 after acquiring an additional 154 shares during the last quarter. ANB Bank increased its holdings in Q2 by 7.1% in the 2nd quarter. ANB Bank now owns 2,710 shares of the technology company’s stock valued at $254,000 after acquiring an additional 179 shares during the last quarter. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Q2 by 1.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 16,687 shares of the technology company’s stock worth $1,335,000 after buying an additional 188 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Q2 by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock worth $5,226,000 after buying an additional 194 shares during the last quarter.

Q2 Stock Performance

QTWO opened at $76.69 on Wednesday. Q2 has a fifty-two week low of $63.61 and a fifty-two week high of $112.82. The firm’s fifty day moving average is $84.43 and its 200 day moving average is $83.40. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 1,534.09 and a beta of 1.49.

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.