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

Q2 logo with Computer and Technology background

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.

Check Out Our Latest Research Report on QTWO

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

(Get Free Report

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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Analyst Recommendations for Q2 (NYSE:QTWO)

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