Q2 (NYSE:QTWO) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Q2 (NYSE:QTWO) had its price objective upped by Needham & Company LLC from $120.00 to $125.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on QTWO. Royal Bank of Canada raised their price objective on shares of Q2 from $76.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a research report on Wednesday, December 18th. Robert W. Baird reiterated a “neutral” rating and issued a $99.00 price objective (up previously from $89.00) on shares of Q2 in a report on Friday, January 10th. DA Davidson increased their target price on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.13.

Q2 Stock Up 0.9 %

Shares of QTWO opened at $92.82 on Thursday. The business’s fifty day moving average price is $98.99 and its two-hundred day moving average price is $88.08. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of -96.68 and a beta of 1.61. Q2 has a 52 week low of $41.23 and a 52 week high of $112.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.50 and a current ratio of 2.50.

Q2 (NYSE:QTWO) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 8.40% and a negative return on equity of 2.30%. On average, analysts predict that Q2 will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In other news, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total transaction of $543,652.76. Following the completion of the transaction, the executive now directly owns 218,371 shares of the company’s stock, valued at $23,173,530.52. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Offerdahl sold 548 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares in the company, valued at approximately $1,914,392.95. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,836 shares of company stock worth $3,061,035 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TCTC Holdings LLC bought a new position in shares of Q2 in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in Q2 during the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. acquired a new position in Q2 during the fourth quarter valued at approximately $32,000. Quarry LP grew its stake in Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after purchasing an additional 336 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Q2 by 269.6% during the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock worth $38,000 after purchasing an additional 275 shares during the last quarter.

About Q2

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.