Q2 (NYSE:QTWO) Downgraded to “Buy” Rating by Wall Street Zen

Q2 (NYSE:QTWO) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

A number of other equities analysts have also commented on the company. Stephens set a $90.00 price target on Q2 in a research note on Friday, January 16th. UBS Group set a $67.00 price objective on Q2 in a research note on Thursday, February 12th. JPMorgan Chase & Co. lowered their price objective on Q2 from $100.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Q2 in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus set a $75.00 price objective on Q2 in a research note on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Q2 has an average rating of “Moderate Buy” and an average price target of $77.00.

Q2 Stock Performance

QTWO opened at $45.86 on Friday. Q2 has a 52-week low of $44.65 and a 52-week high of $96.68. The stock has a market capitalization of $2.86 billion, a PE ratio of 58.05 and a beta of 1.42. The stock’s 50 day moving average price is $50.46 and its 200-day moving average price is $62.36.

Insider Activity at Q2

In other news, General Counsel Michael S. Kerr sold 2,821 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was 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 $2,425,106.45. This represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kimberly Anne Rutledge sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $50.37, for a total value of $160,529.19. Following the completion of the sale, the insider owned 80,551 shares of the company’s stock, valued at $4,057,353.87. This trade represents a 3.81% 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 worth $20,702,472 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Q2 during the 2nd quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Q2 during the 3rd quarter valued at about $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Q2 during the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Q2 during the 4th quarter valued at about $27,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of Q2 during the 3rd quarter valued at about $30,000.

Q2 Company Profile

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.