Morgan Stanley Reaffirms Equal Weight Rating for Q2 (NYSE:QTWO)

Morgan Stanley reaffirmed their equal weight rating on shares of Q2 (NYSE:QTWO) in a research report sent to investors on Thursday, Benzinga reports. Morgan Stanley currently has a $50.00 target price on the technology company’s stock, up from their previous target price of $40.00.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group upped their price target on shares of Q2 from $52.00 to $59.00 and gave the stock a buy rating in a research report on Thursday. Royal Bank of Canada upped their price objective on Q2 from $46.00 to $60.00 and gave the stock a sector perform rating in a report on Thursday. DA Davidson lifted their target price on Q2 from $48.00 to $58.00 and gave the company a buy rating in a report on Tuesday, February 27th. Truist Financial restated a buy rating and set a $65.00 price target (up from $60.00) on shares of Q2 in a research note on Thursday. Finally, BTIG Research boosted their target price on Q2 from $48.00 to $60.00 and gave the stock a buy rating in a report on Thursday. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Q2 presently has an average rating of Moderate Buy and a consensus target price of $55.33.

Q2 Trading Up 1.3 %

Shares of Q2 stock opened at $60.36 on Thursday. Q2 has a fifty-two week low of $21.21 and a fifty-two week high of $60.98. The business’s fifty day moving average is $50.79 and its two-hundred day moving average is $43.29. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. The firm had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. On average, research analysts predict that Q2 will post -0.02 earnings per share for the current year.

Insider Activity

In related news, CEO Matthew P. Flake sold 45,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $41.76, for a total value of $1,879,200.00. Following the transaction, the chief executive officer now owns 473,411 shares in the company, valued at $19,769,643.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Matthew P. Flake sold 45,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $41.76, for a total value of $1,879,200.00. Following the sale, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at $19,769,643.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R. H. Seale sold 689 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $48.75, for a total transaction of $33,588.75. Following the completion of the sale, the director now directly owns 420,769 shares of the company’s stock, valued at approximately $20,512,488.75. The disclosure for this sale can be found here. Insiders sold 245,702 shares of company stock worth $11,164,992 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of institutional investors have recently made changes to their positions in the company. MCF Advisors LLC lifted its stake in Q2 by 156.5% during the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after purchasing an additional 374 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Q2 by 2,582.4% during the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after purchasing an additional 878 shares during the period. Arcadia Investment Management Corp MI lifted its position in shares of Q2 by 193.7% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock worth $49,000 after buying an additional 738 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Q2 in the 1st quarter valued at about $50,000. Finally, RiverPark Advisors LLC grew its position in shares of Q2 by 261.0% during the 4th quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock valued at $58,000 after buying an additional 963 shares during the last quarter.

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.