Q2 (NYSE:QTWO) Given New $100.00 Price Target at Stephens

Q2 (NYSE:QTWO) had its target price lifted by Stephens from $75.00 to $100.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other brokerages have also recently issued reports on QTWO. BTIG Research lifted their target price on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Stifel Nicolaus upped their price target on Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada reiterated a “sector perform” rating on shares of Q2 in a report on Friday, October 18th. Needham & Company LLC increased their price objective on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group boosted their price target on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.79.

Q2 Trading Up 0.5 %

Shares of QTWO stock traded up $0.53 during mid-day trading on Thursday, reaching $102.78. 842,638 shares of the company’s stock traded hands, compared to its average volume of 593,743. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44. The company’s 50-day moving average price is $79.80 and its 200-day moving average price is $69.08. Q2 has a 12 month low of $32.97 and a 12 month high of $105.00.

Q2 (NYSE:QTWO) last released its earnings results on Wednesday, November 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. Q2 had a negative net margin of 8.40% and a negative return on equity of 2.34%. The firm had revenue of $175.02 million during the quarter, compared to analyst estimates of $173.31 million. On average, equities analysts predict that Q2 will post -0.02 EPS for the current year.

Insiders Place Their Bets

In related news, Director James Offerdahl sold 1,013 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total transaction of $74,931.61. Following the completion of the transaction, the director now directly owns 18,789 shares of the company’s stock, valued at approximately $1,389,822.33. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Michael S. Kerr sold 517 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the sale, the general counsel now directly owns 61,130 shares in the company, valued at $4,331,671.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Offerdahl sold 1,013 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total transaction of $74,931.61. Following the sale, the director now owns 18,789 shares in the company, valued at $1,389,822.33. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,963 shares of company stock worth $3,109,699 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Q2

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hood River Capital Management LLC bought a new stake in shares of Q2 in the 1st quarter worth about $62,765,000. American Century Companies Inc. raised its holdings in shares of Q2 by 5,990.6% in the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after buying an additional 1,190,274 shares during the period. Perpetual Ltd bought a new stake in shares of Q2 during the 3rd quarter worth approximately $80,788,000. Price T Rowe Associates Inc. MD grew its position in Q2 by 1,910.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 719,767 shares of the technology company’s stock valued at $37,832,000 after acquiring an additional 683,957 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in 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 period.

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.