Q2 Holdings, Inc. (NYSE:QTWO – Get Free Report) 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.
View Our Latest Stock Analysis on Q2
Q2 Price Performance
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.
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