Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) Price Target at $98.07

Q2 Holdings, Inc. (NYSE:QTWO) has been given a consensus rating of “Moderate Buy” by the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $98.07.

Several brokerages recently issued reports on QTWO. Truist Financial reaffirmed a “buy” rating and set a $100.00 price target (up from $78.00) on shares of Q2 in a report on Thursday, November 7th. DA Davidson boosted their target price on shares of Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target for the company in a research note on Wednesday, December 18th. Morgan Stanley boosted their price objective on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Finally, Compass Point lifted their price target on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Insider Activity at Q2

In other Q2 news, President Kirk L. Coleman sold 10,428 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $106.42, for a total transaction of $1,109,747.76. Following the transaction, the president now directly owns 337,643 shares in the company, valued at approximately $35,931,968.06. This represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 548 shares of Q2 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 owns 18,241 shares of the company’s stock, valued at $1,914,392.95. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock worth $3,061,035 over the last quarter. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Several large investors have recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in Q2 in the fourth quarter worth approximately $191,000. Highland Capital Management LLC raised its position in shares of Q2 by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after purchasing an additional 172 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of Q2 by 13.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 14,834 shares of the technology company’s stock worth $1,493,000 after purchasing an additional 1,810 shares in the last quarter. KBC Group NV grew its position in Q2 by 44.8% in the 4th quarter. KBC Group NV now owns 2,622 shares of the technology company’s stock valued at $264,000 after purchasing an additional 811 shares during the period. Finally, Inspire Investing LLC increased its stake in Q2 by 103.7% during the 4th quarter. Inspire Investing LLC now owns 13,032 shares of the technology company’s stock valued at $1,312,000 after purchasing an additional 6,633 shares in the last quarter.

Q2 Stock Performance

NYSE:QTWO opened at $93.37 on Tuesday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $5.64 billion, a PE ratio of -97.26 and a beta of 1.61. Q2 has a twelve month low of $40.60 and a twelve month high of $112.82. The stock’s 50-day simple moving average is $101.63 and its 200 day simple moving average is $85.75.

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.