Q2 Holdings, Inc. (NYSE:QTWO) Receives $100.41 Average Target Price from Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) have received an average rating of "Moderate Buy" from the eighteen brokerages that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $100.41.

A number of equities analysts have recently commented on QTWO shares. Cantor Fitzgerald initiated coverage on Q2 in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 price target for the company. Robert W. Baird boosted their price target on Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Royal Bank Of Canada reduced their price target on Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus boosted their price target on Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Morgan Stanley boosted their price target on Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th.

Insider Activity at Q2

In other news, General Counsel Michael S. Kerr sold 397 shares of the company's stock in a transaction on 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 represents a 0.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matthew P. Flake sold 36,023 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total value of $2,894,448.05. Following the completion of the sale, the chief executive officer now owns 485,666 shares of the company's stock, valued at $39,023,263.10. This trade represents a 6.91% 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. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Q2 by 1.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 16,687 shares of the technology company's stock valued at $1,335,000 after acquiring an additional 188 shares during the last quarter. Arizona State Retirement System lifted its holdings 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 valued at $1,761,000 after acquiring an additional 190 shares during the last quarter. Summit Investment Advisors Inc. lifted 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 valued at $620,000 after acquiring an additional 195 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in shares of Q2 by 2.7% in the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock valued at $817,000 after acquiring an additional 215 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Q2 by 35.0% in the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company's stock valued at $68,000 after acquiring an additional 220 shares during the last quarter.

Q2 Stock Performance

NYSE QTWO traded up $4.46 on Friday, hitting $92.96. 977,574 shares of the stock traded hands, compared to its average volume of 641,449. The business's fifty day moving average is $85.30 and its two-hundred day moving average is $88.16. Q2 has a 12 month low of $57.07 and a 12 month high of $112.82. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of -265.60 and a beta of 1.48. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.43 and a current ratio of 1.43.

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.