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

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $100.41.

QTWO has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their target price on shares of Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. initiated coverage on shares of Q2 in a research report on Wednesday, June 18th. They issued an "overweight" rating and a $115.00 target price for the company. Needham & Company LLC decreased their target price on shares of Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Raymond James Financial decreased their target price on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Finally, Cantor Fitzgerald initiated coverage on shares of Q2 in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $110.00 target price for the company.

Q2 Stock Up 1.3%

Q2 stock opened at $90.39 on Tuesday. 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 has a one year low of $61.51 and a one year high of $112.82. The company has a 50-day simple moving average of $89.76 and a 200-day simple moving average of $87.02. The firm has a market capitalization of $5.63 billion, a P/E ratio of -258.25 and a beta of 1.48.

Insiders Place Their Bets

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $88.88, for a total value of $126,920.64. Following the sale, the executive owned 175,812 shares of the company's stock, valued at $15,626,170.56. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Michael S. Kerr sold 397 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were 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 directly owned 58,441 shares in the company, valued at $5,429,168.90. This trade represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,991 shares of company stock valued at $357,153 over the last quarter. Insiders own 3.00% of the company's stock.

Institutional Trading of Q2

Several institutional investors have recently modified their holdings of the company. Invesco Ltd. boosted its stake in Q2 by 2.3% in the 1st quarter. Invesco Ltd. now owns 2,675,224 shares of the technology company's stock valued at $214,045,000 after buying an additional 60,958 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Q2 in the 4th quarter valued at $202,645,000. Conestoga Capital Advisors LLC boosted its stake in Q2 by 1.6% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,957,893 shares of the technology company's stock valued at $156,651,000 after buying an additional 30,480 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Q2 by 28.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,724,135 shares of the technology company's stock valued at $137,948,000 after buying an additional 378,394 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in Q2 by 11.2% in the 4th quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company's stock valued at $152,825,000 after buying an additional 152,872 shares in the last quarter.

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.

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