Q2 Holdings, Inc. (NYSE:QTWO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $77.00.

A number of equities analysts have recently issued reports on QTWO shares. Morgan Stanley set a $68.00 price objective on Q2 in a research report on Thursday, February 12th. UBS Group set a $67.00 target price on Q2 in a report on Thursday, February 12th. Cantor Fitzgerald lowered their price target on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Royal Bank Of Canada dropped their price target on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 12th. Finally, Truist Financial reduced their price objective on shares of Q2 from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th.

Insider Buying and Selling at Q2

In related news, CEO Matthew P. Flake sold 20,613 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $51.35, for a total transaction of $1,058,477.55. Following the sale, the chief executive officer owned 483,202 shares in the company, valued at $24,812,422.70. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Himagiri K. Mukkamala sold 1,343 shares of the firm’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 $68,963.05. Following the sale, the chief operating officer directly owned 92,910 shares of the company’s stock, valued at $4,770,928.50. This represents a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 411,087 shares of company stock valued at $20,702,472. 0.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Q2

Institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in shares of Q2 during the 2nd quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Q2 during the 3rd quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new position in Q2 during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Q2 in the fourth quarter worth $27,000. Finally, Salomon & Ludwin LLC acquired a new stake in Q2 in the third quarter worth $30,000.

Q2 Stock Down 0.5%

Shares of NYSE:QTWO opened at $52.01 on Thursday. The firm has a market cap of $3.25 billion, a P/E ratio of 65.84 and a beta of 1.42. Q2 has a 12-month low of $44.65 and a 12-month high of $96.68. The business has a fifty day simple moving average of $49.43 and a 200 day simple moving average of $61.20.

About Q2

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.