Stifel Nicolaus Forecasts Strong Price Appreciation for Q2 (NYSE:QTWO) Stock

Q2 (NYSE:QTWO) had its target price raised by analysts at Stifel Nicolaus from $115.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 36.97% from the stock’s previous close.

Several other brokerages have also issued reports on QTWO. Stephens boosted their target price on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Baird R W lowered shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Compass Point upped their price target on shares of Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Piper Sandler upped their price target on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.13.

Q2 Stock Performance

Shares of NYSE QTWO opened at $91.26 on Thursday. The firm has a 50 day moving average of $98.66 and a 200 day moving average of $88.12. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of -95.06 and a beta of 1.61. Q2 has a 12-month low of $41.23 and a 12-month high of $112.82.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 8.40% and a negative return on equity of 2.30%. On average, research analysts anticipate that Q2 will post 0.08 earnings per share for the current year.

Insider Activity

In other news, CRO Michael A. Volanoski sold 4,178 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the sale, the executive now owns 223,494 shares of the company’s stock, valued at approximately $23,690,364. This represents a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Offerdahl sold 548 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QTWO. William Blair Investment Management LLC bought a new position in shares of Q2 in the fourth quarter worth about $202,645,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after purchasing an additional 698,464 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Q2 by 732.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock worth $75,025,000 after purchasing an additional 655,838 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Q2 by 893.5% in the fourth quarter. Franklin Resources Inc. now owns 471,523 shares of the technology company’s stock worth $47,459,000 after purchasing an additional 424,062 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Q2 by 139.5% in the third quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock worth $48,558,000 after purchasing an additional 354,524 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.