Q2 (NYSE:QTWO) Price Target Raised to $65.00 at Robert W. Baird

Q2 (NYSE:QTWO) had its price target raised by Robert W. Baird from $60.00 to $65.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s target price would indicate a potential upside of 25.65% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Piper Sandler boosted their price target on Q2 from $41.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Canaccord Genuity Group increased their price objective on shares of Q2 from $40.00 to $55.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Stifel Nicolaus raised their price target on Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. DA Davidson increased their target price on Q2 from $48.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, Needham & Company LLC boosted their price target on shares of Q2 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Q2 Stock Up 0.7 %

Q2 stock opened at $51.73 on Thursday. The stock has a fifty day moving average of $50.26 and a 200 day moving average of $42.83. Q2 has a one year low of $21.21 and a one year high of $54.50. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market cap of $3.06 billion, a PE ratio of -45.78 and a beta of 1.47.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. Q2 had a negative return on equity of 6.75% and a negative net margin of 10.47%. The business had revenue of $162.12 million during the quarter, compared to analyst estimates of $161.31 million. As a group, sell-side analysts predict that Q2 will post -0.05 EPS for the current year.

Insider Activity at Q2

In other news, CEO Matthew P. Flake sold 46,937 shares of Q2 stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $42.20, for a total value of $1,980,741.40. Following the sale, the chief executive officer now owns 473,411 shares in the company, valued at $19,977,944.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Matthew P. Flake sold 45,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 473,411 shares in the company, valued at $19,452,457.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 46,937 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $42.20, for a total transaction of $1,980,741.40. Following the sale, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at approximately $19,977,944.20. The disclosure for this sale can be found here. Insiders have sold a total of 337,639 shares of company stock valued at $14,994,784 over the last ninety days. 3.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Q2

A number of hedge funds have recently modified their holdings of QTWO. Nordea Investment Management AB acquired a new stake in Q2 during the fourth quarter worth $1,938,000. Vanguard Group Inc. increased its position in shares of Q2 by 7.5% during the third quarter. Vanguard Group Inc. now owns 6,952,848 shares of the technology company’s stock valued at $224,368,000 after acquiring an additional 487,111 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Q2 by 32.0% in the 4th quarter. Jennison Associates LLC now owns 1,616,825 shares of the technology company’s stock worth $70,186,000 after acquiring an additional 391,539 shares during the last quarter. Deutsche Bank AG increased its holdings in Q2 by 13.4% in the 3rd quarter. Deutsche Bank AG now owns 29,559 shares of the technology company’s stock valued at $954,000 after purchasing an additional 3,496 shares during the last quarter. Finally, Lisanti Capital Growth LLC purchased a new stake in Q2 in the third quarter valued at approximately $5,534,000.

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.