Analysts Set Q2 Holdings, Inc. (NYSE:QTWO) PT at $91.50

Q2 Holdings, Inc. (NYSE:QTWO) has received an average rating of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $91.50.

Several research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price target on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Citigroup lowered Q2 from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $72.00 to $90.00 in a research note on Friday, October 18th. Morgan Stanley increased their price objective on Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $100.00 target price (up previously from $78.00) on shares of Q2 in a report on Thursday, November 7th.

Q2 Price Performance

Shares of NYSE:QTWO opened at $110.85 on Monday. The firm has a market capitalization of $6.70 billion, a PE ratio of -115.47 and a beta of 1.60. 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 company has a 50-day moving average price of $91.90 and a two-hundred day moving average price of $75.95. Q2 has a twelve month low of $36.96 and a twelve month high of $112.82.

Insiders Place Their Bets

In other news, Director James Offerdahl sold 548 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the business’s 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 completion of the sale, the executive now owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,493 shares of company stock valued at $196,863 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Q2

A number of large investors have recently added to or reduced their stakes in QTWO. Versor Investments LP bought a new stake in Q2 in the third quarter valued at approximately $590,000. DekaBank Deutsche Girozentrale boosted its position in Q2 by 67.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,617 shares of the technology company’s stock valued at $2,908,000 after buying an additional 22,400 shares during the period. Perpetual Ltd purchased a new stake in Q2 during the 3rd quarter valued at $80,788,000. BNP Paribas Financial Markets increased its position in shares of Q2 by 32.2% in the third quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company’s stock valued at $2,451,000 after acquiring an additional 7,475 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Q2 in the third quarter valued at about $1,227,000.

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.