Q2 (NYSE:QTWO) Now Covered by Analysts at Cantor Fitzgerald

Analysts at Cantor Fitzgerald initiated coverage on shares of Q2 (NYSE:QTWO - Get Free Report) in a research report issued on Tuesday, MarketBeat reports. The brokerage set an "overweight" rating and a $110.00 price target on the technology company's stock. Cantor Fitzgerald's target price would indicate a potential upside of 22.64% from the stock's previous close.

Several other equities research analysts have also weighed in on QTWO. Morgan Stanley raised their price objective on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Stephens reissued an "overweight" rating and issued a $115.00 price target on shares of Q2 in a research note on Thursday, February 13th. Stifel Nicolaus upped their price objective 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. 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 report on Thursday, May 8th. Finally, Royal Bank of Canada cut their price target on shares of Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $99.50.

Q2 Price Performance

NYSE QTWO traded up $0.24 on Tuesday, reaching $89.69. The company's stock had a trading volume of 247,256 shares, compared to its average volume of 646,924. Q2 has a twelve month low of $55.97 and a twelve month 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 firm's 50 day moving average is $81.39 and its two-hundred day moving average is $89.87. The stock has a market cap of $5.59 billion, a PE ratio of -137.98 and a beta of 1.47.

Insider Buying and Selling at Q2

In related news, Director James Offerdahl sold 1,000 shares of the firm's 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 transaction, the director now directly owns 16,241 shares of the company's stock, valued at approximately $1,425,472.57. This trade represents a 5.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Michael S. Kerr sold 397 shares of the 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 transaction, the general counsel now owns 58,441 shares in the company, valued at approximately $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 194,255 shares of company stock worth $14,890,656 over the last ninety days. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QTWO. Invst LLC grew its position in shares of Q2 by 93.7% in the first quarter. Invst LLC now owns 7,981 shares of the technology company's stock valued at $639,000 after purchasing an additional 3,861 shares during the last quarter. Rhumbline Advisers boosted its stake in Q2 by 6.9% during 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 period. Strs Ohio bought a new stake in Q2 during the 1st quarter valued at approximately $4,329,000. Intech Investment Management LLC grew its holdings 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 buying an additional 13,866 shares during the last quarter. Finally, 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 worth $14,907,000 after buying an additional 6,909 shares during the period.

About Q2

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.