Q2 (NYSE:QTWO) PT Raised to $60.00 at Stifel Nicolaus

Q2 (NYSE:QTWO) had its price objective raised by research analysts at Stifel Nicolaus from $48.00 to $60.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 13.44% from the stock’s previous close.

Several other brokerages also recently weighed in on QTWO. Needham & Company LLC raised their target price on shares of Q2 from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Canaccord Genuity Group raised their target price on shares of Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Piper Sandler raised their target price on shares of Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Robert W. Baird raised their target price on shares of Q2 from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Finally, The Goldman Sachs Group raised their target price on shares of Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Four 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.com, Q2 currently has a consensus rating of “Moderate Buy” and an average target price of $48.20.

Q2 Stock Down 1.7 %

NYSE QTWO opened at $52.89 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average price is $49.47 and its 200-day moving average price is $42.22. Q2 has a 52-week low of $21.21 and a 52-week high of $54.50.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. Q2 had a negative net margin of 10.47% and a negative return on equity of 6.75%. The firm had revenue of $162.12 million for the quarter, compared to the consensus estimate of $161.31 million. On average, equities analysts forecast that Q2 will post -0.05 EPS for the current year.

Insider Buying and Selling

In related news, CEO Matthew P. Flake sold 45,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $41.09, for a total transaction of $1,849,050.00. Following the completion of the transaction, the chief executive officer now owns 473,411 shares of the company’s stock, valued at $19,452,457.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO David J. Mehok sold 5,806 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $46.01, for a total transaction of $267,134.06. Following the completion of the transaction, the chief financial officer now owns 159,085 shares of the company’s stock, valued at $7,319,500.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew P. Flake sold 45,000 shares of Q2 stock in a transaction on Monday, February 5th. The shares were sold at an average price of $41.09, for a total transaction of $1,849,050.00. Following the completion of the transaction, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at approximately $19,452,457.99. The disclosure for this sale can be found here. Insiders sold a total of 337,639 shares of company stock valued at $14,994,784 over the last 90 days. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Natixis Advisors L.P. raised its position in shares of Q2 by 1.6% in the fourth quarter. Natixis Advisors L.P. now owns 16,188 shares of the technology company’s stock worth $702,000 after acquiring an additional 259 shares during the period. Contravisory Investment Management Inc. raised its position in shares of Q2 by 4.4% in the first quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company’s stock worth $377,000 after acquiring an additional 304 shares during the period. Arizona State Retirement System raised its position in shares of Q2 by 2.2% in the third quarter. Arizona State Retirement System now owns 16,570 shares of the technology company’s stock worth $535,000 after acquiring an additional 352 shares during the period. Diversified Trust Co raised its position in shares of Q2 by 2.7% in the fourth quarter. Diversified Trust Co now owns 13,670 shares of the technology company’s stock worth $593,000 after acquiring an additional 363 shares during the period. Finally, MCF Advisors LLC raised its position in shares of Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after acquiring an additional 374 shares during the period.

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.