Brokerages Set Q2 Holdings, Inc. (NYSE:QTWO) Price Target at $45.33

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have received an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $45.33.

Several research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. DA Davidson raised their price objective on Q2 from $48.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Canaccord Genuity Group raised their price objective on Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Robert W. Baird raised their price objective on Q2 from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Finally, Needham & Company LLC raised their price objective on Q2 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd.

Q2 Stock Up 3.2 %

NYSE:QTWO opened at $53.39 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market cap of $3.15 billion, a PE ratio of -47.25 and a beta of 1.49. Q2 has a 52-week low of $21.21 and a 52-week high of $53.96. The stock has a 50-day simple moving average of $49.09 and a 200 day simple moving average of $42.06.

Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.04. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. The firm had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $161.31 million. On average, sell-side analysts expect that Q2 will post -0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Q2 news, CEO Matthew P. Flake sold 45,000 shares of Q2 stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $41.09, for a total transaction of $1,849,050.00. Following the transaction, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at approximately $19,452,457.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Matthew P. Flake sold 45,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $41.09, for a total value of $1,849,050.00. Following the transaction, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at approximately $19,452,457.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 46,937 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $42.20, for a total value of $1,980,741.40. Following the completion of the sale, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at $19,977,944.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 337,639 shares of company stock valued at $14,994,784. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of Q2

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QTWO. Legato Capital Management LLC bought a new stake in Q2 during the 3rd quarter worth approximately $268,000. Arcus Capital Partners LLC purchased a new stake in shares of Q2 during the third quarter worth $204,000. Counterpoint Mutual Funds LLC bought a new position in shares of Q2 in the third quarter worth $97,000. Coronation Fund Managers Ltd. increased its holdings in shares of Q2 by 9.1% in the third quarter. Coronation Fund Managers Ltd. now owns 395,778 shares of the technology company’s stock worth $12,772,000 after purchasing an additional 33,076 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Q2 by 29.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,439 shares of the technology company’s stock worth $305,000 after purchasing an additional 2,123 shares during the period.

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.