Royal Bank of Canada Issues Positive Forecast for Q2 (NYSE:QTWO) Stock Price

Q2 (NYSE:QTWO) had its price objective upped by Royal Bank of Canada from $76.00 to $105.00 in a report issued on Thursday morning,Benzinga reports. They currently have a sector perform rating on the technology company’s stock.

QTWO has been the topic of a number of other reports. Piper Sandler increased their price objective on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial reissued a “buy” rating and issued a $100.00 target price (up previously from $78.00) on shares of Q2 in a report on Thursday. The Goldman Sachs Group lifted their price target on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup downgraded Q2 from a “buy” rating to a “neutral” rating and increased their price objective for the company from $72.00 to $90.00 in a report on Friday, October 18th. Finally, Needham & Company LLC boosted their target price on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.79.

Q2 Trading Up 0.5 %

Shares of NYSE QTWO traded up $0.53 during mid-day trading on Thursday, hitting $102.78. The company had a trading volume of 842,638 shares, compared to its average volume of 593,743. Q2 has a 1-year low of $32.97 and a 1-year high of $105.00. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. The business’s 50-day simple moving average is $79.80 and its 200 day simple moving average is $69.08.

Q2 (NYSE:QTWO) last announced its quarterly earnings data 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 return on equity of 2.34% and a negative net margin of 8.40%. The business had revenue of $175.02 million during the quarter, compared to analysts’ expectations of $173.31 million. Equities analysts anticipate that Q2 will post -0.02 EPS for the current year.

Insider Activity

In other Q2 news, EVP Jonathan Price sold 11,000 shares of Q2 stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the transaction, the executive vice president now directly owns 215,079 shares in the company, valued at approximately $15,408,259.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the sale, the executive now owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Price sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the transaction, the executive vice president now owns 215,079 shares in the company, valued at $15,408,259.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,963 shares of company stock valued at $3,109,699. Insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

A number of institutional investors have recently modified their holdings of QTWO. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Q2 by 33.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 221,034 shares of the technology company’s stock valued at $17,632,000 after acquiring an additional 55,107 shares during the period. Segall Bryant & Hamill LLC increased its holdings in shares of Q2 by 3.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 266,079 shares of the technology company’s stock valued at $21,225,000 after purchasing an additional 9,976 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Q2 in the third quarter valued at about $2,559,000. Pathstone Holdings LLC boosted its holdings in Q2 by 7.0% during the third quarter. Pathstone Holdings LLC now owns 31,191 shares of the technology company’s stock worth $2,488,000 after buying an additional 2,035 shares in the last quarter. Finally, Swiss National Bank grew its position in Q2 by 1.0% during the third quarter. Swiss National Bank now owns 117,400 shares of the technology company’s stock worth $9,365,000 after buying an additional 1,200 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.