Q2 Holdings, Inc. (NYSE:QTWO) Receives $95.80 Consensus Target Price from Analysts

Q2 Holdings, Inc. (NYSE:QTWO) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $95.80.

A number of equities analysts have commented on the company. Truist Financial reissued 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. Stephens increased their price objective on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Compass Point raised their price objective on Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Piper Sandler upped their target price on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their target price on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th.

Insider Activity

In related news, President Kirk L. Coleman sold 10,428 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the sale, the president now owns 337,643 shares in the company, valued at approximately $35,931,968.06. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Offerdahl sold 548 shares of the business’s stock in a transaction that occurred on 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 approximately $1,914,392.95. This represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,836 shares of company stock worth $3,061,035 in the last three months. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Q2

A number of institutional investors have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in Q2 by 5,990.6% during the 2nd quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after buying an additional 1,190,274 shares during the period. Perpetual Ltd acquired a new stake in shares of Q2 during the third quarter worth about $80,788,000. Venturi Wealth Management LLC raised its position in shares of Q2 by 139.5% during the third quarter. Venturi Wealth Management LLC now owns 608,721 shares of the technology company’s stock worth $48,558,000 after purchasing an additional 354,524 shares during the period. Clearbridge Investments LLC bought a new position in shares of Q2 during the 2nd quarter valued at about $13,490,000. Finally, Renaissance Technologies LLC grew its position in shares of Q2 by 171.6% in the 2nd quarter. Renaissance Technologies LLC now owns 204,000 shares of the technology company’s stock valued at $12,307,000 after purchasing an additional 128,900 shares during the period.

Q2 Trading Down 2.2 %

Q2 stock opened at $103.36 on Friday. The stock has a 50-day moving average price of $99.27 and a 200 day moving average price of $80.55. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of -107.67 and a beta of 1.60. Q2 has a 52 week low of $39.66 and a 52 week high of $112.82. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

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.