Brokerages Set Q2 Holdings, Inc. (NYSE:QTWO) Target Price at $55.53

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $55.53.

Several equities analysts recently issued reports on QTWO shares. Royal Bank of Canada upped their price objective on shares of Q2 from $46.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, May 2nd. DA Davidson increased their price target on Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a report on Friday, May 3rd. The Goldman Sachs Group lifted their price objective on Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Piper Sandler increased their target price on Q2 from $47.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Robert W. Baird raised their target price on Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd.

Insider Activity

In other Q2 news, Director Jeffrey T. Diehl sold 27,248 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $62.51, for a total transaction of $1,703,272.48. Following the sale, the director now directly owns 750,314 shares in the company, valued at approximately $46,902,128.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Kimberly Anne Rutledge sold 1,953 shares of Q2 stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $65.00, for a total transaction of $126,945.00. Following the completion of the sale, the insider now owns 115,436 shares of the company’s stock, valued at $7,503,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey T. Diehl sold 27,248 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $62.51, for a total transaction of $1,703,272.48. Following the transaction, the director now directly owns 750,314 shares in the company, valued at $46,902,128.14. The disclosure for this sale can be found here. Insiders sold a total of 93,637 shares of company stock valued at $5,675,220 in the last ninety days. 3.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Q2

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Q2 by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after acquiring an additional 487,111 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Q2 by 10.8% during the first quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock valued at $214,386,000 after purchasing an additional 398,871 shares in the last quarter. Brown Capital Management LLC increased its holdings in Q2 by 0.4% during the first quarter. Brown Capital Management LLC now owns 2,565,647 shares of the technology company’s stock worth $134,850,000 after buying an additional 11,000 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in Q2 by 0.7% during the first quarter. Conestoga Capital Advisors LLC now owns 2,218,924 shares of the technology company’s stock valued at $116,627,000 after purchasing an additional 15,510 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Q2 by 14.6% in the first quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after purchasing an additional 235,582 shares in the last quarter.

Q2 Price Performance

QTWO stock opened at $65.53 on Friday. The business has a fifty day moving average of $60.86 and a two-hundred day moving average of $51.75. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of -48.54 and a beta of 1.55. Q2 has a 52-week low of $28.91 and a 52-week high of $65.85. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.06.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. The business had revenue of $165.51 million for the quarter, compared to analyst estimates of $163.58 million. As a group, research analysts anticipate that Q2 will post -0.05 earnings per share for the current year.

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.