Brokerages Set Q2 Holdings, Inc. (NYSE:QTWO) Price Target at $98.80

Shares of Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) have earned an average recommendation of "Moderate Buy" from the sixteen analysts that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $98.80.

A number of analysts recently issued reports on the stock. Truist Financial restated a "buy" rating and issued a $110.00 price target (up previously from $100.00) on shares of Q2 in a research note on Thursday, February 13th. Robert W. Baird boosted their target price on shares of Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Morgan Stanley boosted their target price on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Stifel Nicolaus boosted their target price on shares of Q2 from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada lowered their target price on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th.

Insider Activity

In related news, CEO Matthew P. Flake sold 56,799 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $78.28, for a total value of $4,446,225.72. Following the completion of the sale, the chief executive officer now owns 453,849 shares of the company's stock, valued at $35,527,299.72. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total transaction of $87,770.00. Following the completion of the sale, the director now directly owns 16,241 shares of the company's stock, valued at $1,425,472.57. The trade was a 5.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 194,255 shares of company stock valued at $14,890,656. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Q2

Several institutional investors have recently bought and sold shares of QTWO. Proficio Capital Partners LLC acquired a new stake in Q2 in the fourth quarter worth about $29,000. SBI Securities Co. Ltd. bought a new stake in Q2 in the fourth quarter worth about $30,000. TCTC Holdings LLC bought a new stake in Q2 in the fourth quarter worth about $30,000. Ameliora Wealth Management Ltd. bought a new stake in Q2 in the fourth quarter worth about $32,000. Finally, Versant Capital Management Inc bought a new stake in Q2 in the first quarter worth about $33,000.

Q2 Stock Up 2.3%

Shares of NYSE:QTWO traded up $2.00 during midday trading on Monday, reaching $88.57. The company had a trading volume of 487,107 shares, compared to its average volume of 648,913. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock's fifty day moving average price is $80.84 and its 200-day moving average price is $90.30. The stock has a market capitalization of $5.52 billion, a P/E ratio of -136.26 and a beta of 1.47. Q2 has a one year low of $55.97 and a one year high of $112.82.

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.