Q2 (NYSE:QTWO) Sets New 1-Year Low – Should You Sell?

Q2 Holdings, Inc. (NYSE:QTWO) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $51.34 and last traded at $52.1740, with a volume of 20882 shares traded. The stock had previously closed at $51.70.

Analysts Set New Price Targets

Several research analysts recently issued reports on QTWO shares. Stifel Nicolaus set a $75.00 price target on shares of Q2 in a research report on Thursday, February 12th. Needham & Company LLC dropped their price objective on Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Morgan Stanley set a $68.00 price objective on shares of Q2 in a research note on Thursday, February 12th. Truist Financial lowered their target price on shares of Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Stephens set a $90.00 price objective on Q2 in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.29.

Q2 Price Performance

The stock’s 50 day simple moving average is $65.93 and its two-hundred day simple moving average is $69.89. The stock has a market cap of $3.19 billion, a P/E ratio of 64.59 and a beta of 1.36.

Insider Buying and Selling

In related news, insider Kirk L. Coleman sold 8,559 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $630,627.12. Following the completion of the transaction, the insider owned 269,128 shares in the company, valued at approximately $19,829,351.04. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction on Friday, December 12th. The shares were sold at an average price of $75.46, for a total transaction of $386,581.58. Following the completion of the sale, the executive owned 166,512 shares in the company, valued at $12,564,995.52. The trade was a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 20,883 shares of company stock valued at $1,547,778. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Q2

Several hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its position in Q2 by 18.1% during the second quarter. Advisors Asset Management Inc. now owns 1,003 shares of the technology company’s stock valued at $94,000 after purchasing an additional 154 shares during the last quarter. ANB Bank boosted its holdings in shares of Q2 by 7.1% in the 2nd quarter. ANB Bank now owns 2,710 shares of the technology company’s stock valued at $254,000 after buying an additional 179 shares during the last quarter. Hilltop National Bank grew its stake in shares of Q2 by 9.8% in the third quarter. Hilltop National Bank now owns 2,077 shares of the technology company’s stock valued at $150,000 after buying an additional 185 shares in the last quarter. California State Teachers Retirement System increased its holdings in Q2 by 0.3% during the second quarter. California State Teachers Retirement System now owns 55,842 shares of the technology company’s stock worth $5,226,000 after buying an additional 194 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its holdings in Q2 by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 9,174 shares of the technology company’s stock worth $662,000 after buying an additional 197 shares during the last quarter.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.