Q2 Holdings, Inc. (NYSE:QTWO) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Q2 Holdings, Inc. has received a consensus recommendation of "Moderate Buy" from eighteen research firms, with an average twelve-month price target of $102.25.
• Recent insider transactions included director James Offerdahl selling 786 shares, resulting in a 4.23% decrease in his position, while CRO Michael A. Volanoski sold 1,428 shares, marking a 0.81% decrease in his ownership.
• Institutional investment in Q2 has been active, with Dakota Wealth Management and Advisors Asset Management both increasing their holdings during the second quarter.

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) has received a consensus rating of "Moderate Buy" from the eighteen analysts that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $102.25.

Several brokerages have weighed in on QTWO. Wall Street Zen lowered shares of Q2 from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th. JPMorgan Chase & Co. started coverage on Q2 in a research note on Wednesday, June 18th. They set an "overweight" rating and a $115.00 target price for the company. Stifel Nicolaus lifted their price objective on shares of Q2 from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Zacks Research raised Q2 to a "strong-buy" rating in a report on Friday, August 8th. Finally, Raymond James Financial cut their target price on Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th.

Q2 Trading Down 0.1%

QTWO stock traded down $0.07 during midday trading on Wednesday, hitting $77.33. 654,154 shares of the company's stock were exchanged, compared to its average volume of 715,299. Q2 has a 1-year low of $63.61 and a 1-year high of $112.82. The stock has a market capitalization of $4.83 billion, a PE ratio of 1,546.85 and a beta of 1.49. The business has a 50-day simple moving average of $83.77 and a two-hundred day simple moving average of $83.27.

Insider Buying and Selling

In other news, CRO Michael A. Volanoski sold 1,428 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $88.88, for a total transaction of $126,920.64. Following the transaction, the executive directly owned 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 SEC, which is available through this hyperlink. Also, Director James Offerdahl sold 786 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $74.15, for a total transaction of $58,281.90. Following the completion of the transaction, the director directly owned 17,792 shares of the company's stock, valued at approximately $1,319,276.80. This trade represents a 4.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,485 shares of company stock valued at $750,307 over the last three months. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in shares of Q2 by 1,043.1% in the first quarter. Assenagon Asset Management S.A. now owns 954,979 shares of the technology company's stock valued at $76,408,000 after purchasing an additional 871,437 shares in the last quarter. Nuveen LLC acquired a new position in Q2 in the 1st quarter valued at about $51,960,000. Norges Bank acquired a new position in Q2 in the 2nd quarter valued at about $60,466,000. Ameriprise Financial Inc. boosted its stake in shares of Q2 by 105.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company's stock worth $101,937,000 after purchasing an additional 520,649 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Q2 by 60.5% during the second quarter. American Century Companies Inc. now owns 1,093,099 shares of the technology company's stock worth $102,303,000 after buying an additional 411,930 shares in 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.