Q2 (NYSE:QTWO) Price Target Raised to $65.00

Q2 (NYSE:QTWO – Free Report) had its price objective increased by DA Davidson from $58.00 to $65.00 in a research note published on Friday, Benzinga reports. DA Davidson currently has a buy rating on the technology company’s stock.

QTWO has been the topic of several other reports. The Goldman Sachs Group boosted their price objective on shares of Q2 from $52.00 to $59.00 and gave the company a buy rating in a research report on Thursday. Royal Bank of Canada increased their price objective on Q2 from $46.00 to $60.00 and gave the stock a sector perform rating in a research report on Thursday. Truist Financial reissued a buy rating and issued a $65.00 target price (up previously from $60.00) on shares of Q2 in a research report on Thursday. Canaccord Genuity Group increased their price target on Q2 from $40.00 to $55.00 and gave the stock a buy rating in a research report on Friday, February 23rd. Finally, Robert W. Baird lifted their price objective on shares of Q2 from $60.00 to $65.00 and gave the company an outperform rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $55.33.

Read Our Latest Report on Q2

Q2 Stock Up 1.3%

NYSE:QTWO opened at $60.36 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a 50-day moving average price of $50.79 and a two-hundred day moving average price of $43.29. Q2 has a 1 year low of $21.21 and a 1 year high of $60.98.

Q2 (NYSE:QTWO – Get Free Report) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. The business had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $161.31 million. As a group, sell-side analysts expect that Q2 will post -0.02 EPS for the current year.

Insider Activity

In other news, CEO Matthew P. Flake sold 45,000 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $41.76, for a total value of $1,879,200.00. Following the transaction, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at $19,769,643.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Matthew P. Flake sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $41.76, for a total value of $1,879,200.00. Following the transaction, the chief executive officer now owns 473,411 shares of the company’s stock, valued at $19,769,643.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director RH Seale sold 689 shares of Q2 stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $48.75, for a total value of $33,588.75. Following the sale, the director now directly owns 420,769 shares of the company’s stock, valued at $20,512,488.75. The disclosure for this sale can be found here. Insiders sold a total of 245,702 shares of company stock valued at $11,164,992 over the last three months. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Q2

Several institutional investors and hedge funds have recently modified their holdings of the business. Jennison Associates LLC boosted its holdings in Q2 by 147.4% in the 3rd quarter. Jennison Associates LLC now owns 1,225,286 shares of the technology company’s stock valued at $39,540,000 after purchasing an additional 729,959 shares during the period. Vanguard Group Inc. boosted its stake in shares of Q2 by 7.5% in the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after buying an additional 487,111 shares during the period. Norges Bank acquired a new stake in Q2 during the fourth quarter worth approximately $20,470,000. Victory Capital Management Inc. increased its stake in Q2 by 855.4% during the 4th quarter. Victory Capital Management Inc. now owns 451,647 shares of the technology company’s stock worth $19,606,000 after acquiring an additional 404,372 shares during the period. Finally, Wasatch Advisors LP raised its holdings in Q2 by 10.8% in the 1st quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock valued at $214,386,000 after acquiring an additional 398,871 shares in the last quarter.

Q2 Company Profile

(Get Free Report)

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.

Q2 Stock Up 1.3%

Insider Activity

Hedge Funds Weigh In On Q2

Q2 Company Profile

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