Robert W. Baird Reiterates Neutral Rating for Q2 (NYSE:QTWO)

Robert W. Baird restated their neutral rating on shares of Q2 (NYSE:QTWO) in a research note released on Friday morning, MarketBeat.com reports. The brokerage currently has a $99.00 price objective on the technology company’s stock, up from their prior price objective of $89.00.

A number of other brokerages have also weighed in on QTWO. Stephens boosted their price target on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley boosted their target price on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Truist Financial restated a “buy” rating and set a $100.00 price target (up previously from $78.00) on shares of Q2 in a research note on Thursday, November 7th. Piper Sandler lifted their price objective on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus upped their target price on Q2 from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.07.

Q2 Stock Down 11.0 %

Q2 stock opened at $88.88 on Friday. Q2 has a 1-year low of $40.60 and a 1-year high of $112.82. The business has a fifty day moving average price of $102.29 and a 200-day moving average price of $83.12. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of -92.58 and a beta of 1.61.

Insider Transactions at Q2

In other news, CRO Michael A. Volanoski sold 5,123 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.12, for a total transaction of $543,652.76. Following the sale, the executive now directly owns 218,371 shares of the company’s stock, valued at $23,173,530.52. This represents a 2.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Offerdahl sold 548 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now owns 18,241 shares in the company, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock worth $3,061,035 over the last quarter. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Q2

Hedge funds have recently bought and sold shares of the business. Quarry LP increased its position in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after buying an additional 336 shares in the last quarter. CWM LLC increased its holdings in Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock worth $115,000 after acquiring an additional 961 shares in the last quarter. International Assets Investment Management LLC raised its position in Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after acquiring an additional 1,812 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after purchasing an additional 964 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Q2 during the second quarter valued at $153,000.

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.