Morgan Stanley Issues Pessimistic Forecast for Q2 (NYSE:QTWO) Stock Price

Q2 (NYSE:QTWO - Free Report) had its price objective decreased by Morgan Stanley from $95.00 to $89.00 in a report issued on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company's stock.

A number of other equities analysts have also commented on the stock. Robert W. Baird reissued a "neutral" rating and issued a $99.00 price target (up previously from $89.00) on shares of Q2 in a research report on Friday, January 10th. The Goldman Sachs Group cut their price target on Q2 from $119.00 to $106.00 and set a "buy" rating for the company in a report on Friday, March 28th. Compass Point reiterated a "neutral" rating and set a $60.00 target price on shares of Q2 in a research report on Monday, April 7th. Citigroup boosted their price target on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Needham & Company LLC upped their price objective on shares of Q2 from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $100.60.

Q2 Stock Performance

QTWO stock traded up $1.38 during trading on Tuesday, hitting $80.53. 628,440 shares of the company's stock traded hands, compared to its average volume of 641,414. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of -123.89 and a beta of 1.47. Q2 has a 52 week low of $55.97 and a 52 week high of $112.82. The stock has a fifty day moving average price of $77.76 and a two-hundred day moving average price of $90.08. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58.

Q2 (NYSE:QTWO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. As a group, equities analysts anticipate that Q2 will post 0.67 EPS for the current fiscal year.

Insider Activity at Q2

In other Q2 news, CEO Matthew P. Flake sold 56,799 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $78.28, for a total value of $4,446,225.72. Following the sale, the chief executive officer now owns 453,849 shares in the company, valued at approximately $35,527,299.72. The trade was a 11.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kimberly Anne Rutledge sold 6,656 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $74.12, for a total transaction of $493,342.72. Following the sale, the insider now directly owns 113,278 shares of the company's stock, valued at $8,396,165.36. This represents a 5.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 193,858 shares of company stock valued at $14,853,965 in the last quarter. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in QTWO. Highland Capital Management LLC lifted its stake in Q2 by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company's stock valued at $279,000 after acquiring an additional 172 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Q2 by 1.1% during the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock valued at $1,761,000 after buying an additional 190 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Q2 by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock worth $620,000 after acquiring an additional 195 shares in the last quarter. Moran Wealth Management LLC boosted its stake in Q2 by 2.7% in the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company's stock worth $817,000 after purchasing an additional 215 shares during the period. Finally, Xponance Inc. boosted its position in shares of Q2 by 5.1% in the first quarter. Xponance Inc. now owns 4,576 shares of the technology company's stock valued at $366,000 after acquiring an additional 224 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.