Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Rating of “Moderate Buy” by Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has been given an average recommendation of “Moderate Buy” by the fourteen research firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $79.2857.

Several equities analysts have weighed in on the company. Stephens set a $90.00 target price on Q2 in a report on Friday, January 16th. Needham & Company LLC decreased their price target on Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Zacks Research lowered Q2 from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Royal Bank Of Canada cut their price objective on Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 12th. Finally, DA Davidson upgraded Q2 from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, February 3rd.

Insiders Place Their Bets

In other news, General Counsel Michael S. Kerr sold 2,821 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $144,858.35. Following the completion of the sale, the general counsel directly owned 47,227 shares in the company, valued at approximately $2,425,106.45. The trade was a 5.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John E. Breeden sold 6,076 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $51.35, for a total transaction of $312,002.60. Following the completion of the transaction, the insider owned 84,236 shares in the company, valued at $4,325,518.60. The trade was a 6.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 411,087 shares of company stock valued at $20,702,472 in the last three months. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Q2

A number of institutional investors and hedge funds have recently bought and sold shares of QTWO. Advisors Asset Management Inc. boosted its holdings in Q2 by 35.0% in the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock valued at $68,000 after purchasing an additional 220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Q2 by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company’s stock worth $2,803,000 after purchasing an additional 1,525 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Q2 by 21.6% during the first quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock valued at $43,023,000 after buying an additional 95,440 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Q2 by 3.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock valued at $14,907,000 after buying an additional 6,909 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Q2 by 43.5% in the second quarter. PNC Financial Services Group Inc. now owns 4,040 shares of the technology company’s stock valued at $378,000 after buying an additional 1,224 shares during the period.

Q2 Trading Down 0.9%

Q2 stock opened at $48.16 on Friday. Q2 has a 1-year low of $46.16 and a 1-year high of $96.68. The firm’s fifty day simple moving average is $56.12 and its 200-day simple moving average is $65.90. The company has a market capitalization of $3.01 billion, a P/E ratio of 60.97 and a beta of 1.40.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.