Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eighteen analysts that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $100.41.

Several brokerages have recently weighed in on QTWO. Robert W. Baird lifted their price target on shares of Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Cantor Fitzgerald initiated coverage on Q2 in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 target price on the stock. Needham & Company LLC cut their price target on Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group reduced their price target on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, Morgan Stanley raised their price objective on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th.

Insider Buying and Selling

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the completion of the transaction, the executive now owns 175,812 shares of the company's stock, valued at $15,626,170.56. This represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Michael S. Kerr sold 397 shares of Q2 stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $92.90, for a total value of $36,881.30. Following the completion of the sale, the general counsel now directly owns 58,441 shares in the company, valued at $5,429,168.90. This trade represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,014 shares of company stock valued at $3,251,601. Corporate insiders own 0.31% of the company's stock.

Institutional Trading of Q2

Hedge funds have recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG raised its stake in Q2 by 1.1% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 16,687 shares of the technology company's stock valued at $1,335,000 after purchasing an additional 188 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock worth $1,761,000 after buying an additional 190 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Q2 by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock worth $620,000 after buying an additional 195 shares during the last quarter. Moran Wealth Management LLC raised its position in shares of Q2 by 2.7% during the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock valued at $817,000 after buying an additional 215 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Q2 by 35.0% during the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company's stock valued at $68,000 after buying an additional 220 shares in the last quarter.

Q2 Stock Performance

Shares of NYSE QTWO opened at $88.89 on Friday. Q2 has a 12-month low of $55.97 and a 12-month high of $112.82. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of -253.97 and a beta of 1.48. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $84.35 and a 200 day moving average of $88.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.