Q2 Holdings, Inc. (NYSE:QTWO) Receives $98.80 Average Price Target from Analysts

Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) has received an average recommendation of "Moderate Buy" from the sixteen brokerages that are covering the stock, MarketBeat.com 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 target price among brokers that have issued a report on the stock in the last year is $98.80.

A number of equities research analysts have recently weighed in on QTWO shares. Needham & Company LLC dropped their price objective on Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Compass Point reissued a "neutral" rating and set a $60.00 target price on shares of Q2 in a research note on Monday, April 7th. Robert W. Baird boosted their target price on Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Royal Bank of Canada lowered their target price on Q2 from $108.00 to $101.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Finally, Stephens reissued an "overweight" rating and set a $115.00 target price on shares of Q2 in a research note on Thursday, February 13th.

Q2 Trading Down 0.7%

Shares of NYSE QTWO traded down $0.59 during trading on Monday, reaching $86.94. The stock had a trading volume of 186,862 shares, compared to its average volume of 725,230. Q2 has a fifty-two week low of $55.97 and a fifty-two week high of $112.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.40 and a current ratio of 1.40. The business's 50-day moving average price is $81.01 and its 200-day moving average price is $90.28. The company has a market cap of $5.42 billion, a P/E ratio of -133.74 and a beta of 1.47.

Insiders Place Their Bets

In other news, General Counsel Michael S. Kerr sold 397 shares of the business's 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 of the company's stock, valued at approximately $5,429,168.90. The trade was a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Offerdahl sold 1,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $87.77, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 194,255 shares of company stock valued at $14,890,656 in the last ninety days. Insiders own 3.00% of the company's stock.

Institutional Trading of Q2

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Q2 by 6.9% in the 1st quarter. Rhumbline Advisers now owns 87,324 shares of the technology company's stock valued at $6,987,000 after purchasing an additional 5,672 shares during the last quarter. Strs Ohio acquired a new position in Q2 in the 1st quarter valued at about $4,329,000. Intech Investment Management LLC increased its position in Q2 by 67.0% in the 1st quarter. Intech Investment Management LLC now owns 34,561 shares of the technology company's stock valued at $2,765,000 after acquiring an additional 13,866 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Q2 by 3.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company's stock valued at $14,907,000 after acquiring an additional 6,909 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Q2 by 21.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company's stock valued at $43,023,000 after acquiring an additional 95,440 shares during the period.

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.