Q2 Holdings, Inc. (NYSE:QTWO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWOGet Free Report) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $39.47.

Several equities analysts have commented on the stock. Piper Sandler upgraded shares of Q2 from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $30.00 to $41.00 in a research note on Wednesday, December 13th. Stephens upgraded shares of Q2 from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $36.00 to $46.00 in a research note on Thursday, December 7th. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 price target on shares of Q2 in a research note on Thursday, November 2nd. TheStreet upgraded shares of Q2 from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Finally, Needham & Company LLC boosted their price target on shares of Q2 from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 18th.

Check Out Our Latest Analysis on Q2

Insider Buying and Selling at Q2

In related news, President Kirk L. Coleman sold 9,588 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $38.31, for a total value of $367,316.28. Following the completion of the sale, the president now directly owns 257,103 shares of the company’s stock, valued at approximately $9,849,615.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, President Kirk L. Coleman sold 9,588 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $38.31, for a total transaction of $367,316.28. Following the transaction, the president now owns 257,103 shares in the company, valued at approximately $9,849,615.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Michael A. Volanoski sold 2,915 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $37.78, for a total value of $110,128.70. Following the transaction, the executive now owns 201,909 shares in the company, valued at approximately $7,628,122.02. The disclosure for this sale can be found here. Insiders sold 223,254 shares of company stock worth $9,343,742 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC grew its stake in shares of Q2 by 156.5% in the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after purchasing an additional 374 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Q2 by 2,582.4% in the 4th quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock valued at $40,000 after purchasing an additional 878 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Q2 by 370.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,243 shares of the technology company’s stock valued at $48,000 after purchasing an additional 979 shares during the last quarter. Arcadia Investment Management Corp MI grew its stake in shares of Q2 by 193.7% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after purchasing an additional 738 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Q2 in the 1st quarter valued at approximately $49,000.

Q2 Stock Up 1.3 %

Q2 stock opened at $43.76 on Tuesday. Q2 has a fifty-two week low of $18.91 and a fifty-two week high of $45.00. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a 50 day moving average price of $41.94 and a 200 day moving average price of $36.31. The company has a market capitalization of $2.57 billion, a PE ratio of -31.71 and a beta of 1.49.

Q2 Company Profile

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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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Analyst Recommendations for Q2 (NYSE:QTWO)

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