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

Shares of Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $98.80.

QTWO has been the subject of several analyst reports. Compass Point restated a "neutral" rating and set a $60.00 price target on shares of Q2 in a report on Monday, April 7th. Robert W. Baird lifted their target price on shares of Q2 from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Stifel Nicolaus upped their price target 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. Needham & Company LLC decreased their price target on Q2 from $125.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley upped their target price on Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th.

Q2 Trading Up 0.2%

NYSE QTWO traded up $0.14 during trading hours on Monday, reaching $86.88. The company's stock had a trading volume of 18,107 shares, compared to its average volume of 645,316. Q2 has a 52 week low of $55.97 and a 52 week high of $112.82. 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 has a market cap of $5.41 billion, a P/E ratio of -133.64 and a beta of 1.47. The firm has a fifty day simple moving average of $81.01 and a 200-day simple moving average of $90.28.

Insider Activity at Q2

In other news, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.77, for a total value of $87,770.00. Following the completion of the transaction, the director now owns 16,241 shares in the company, valued at approximately $1,425,472.57. The trade was a 5.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew P. Flake sold 56,799 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $78.28, for a total transaction of $4,446,225.72. Following the completion of the sale, the chief executive officer now directly owns 453,849 shares in the company, valued at approximately $35,527,299.72. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 194,255 shares of company stock valued at $14,890,656 in the last three months. Company insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. TCTC Holdings LLC purchased a new stake in Q2 during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new stake in Q2 in the 4th quarter worth approximately $30,000. Ameliora Wealth Management Ltd. acquired a new stake in Q2 during the fourth quarter valued at $32,000. NewEdge Advisors LLC grew its position in shares of Q2 by 269.6% during the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock valued at $38,000 after acquiring an additional 275 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in shares of Q2 in the first quarter valued at approximately $33,000.

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.