Q2 (NYSE:QTWO) Rating Lowered to Buy at Wall Street Zen

Q2 (NYSE:QTWO - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Sunday.

A number of other equities research analysts also recently commented on QTWO. Royal Bank of Canada decreased their target price on Q2 from $108.00 to $101.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Raymond James decreased their target price on Q2 from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley boosted their target price on Q2 from $89.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Compass Point reiterated a "neutral" rating and issued a $60.00 target price on shares of Q2 in a research report on Monday, April 7th. Finally, Citigroup boosted their target price on Q2 from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $99.50.

Q2 Stock Performance

NYSE QTWO opened at $91.38 on Friday. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of -140.58 and a beta of 1.48. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $81.96 and a 200-day moving average price of $89.76. Q2 has a twelve month low of $55.97 and a twelve month high of $112.82.

Insider Transactions at Q2

In other news, Director James Offerdahl sold 1,000 shares of the 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 sale, the director now directly owns 16,241 shares in the company, valued at approximately $1,425,472.57. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Michael S. Kerr sold 397 shares of the stock in a transaction that occurred on 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 owns 58,441 shares in the company, valued at approximately $5,429,168.90. The trade was a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,456 shares of company stock worth $10,444,431. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG grew its stake in Q2 by 1.1% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 16,687 shares of the technology company's stock worth $1,335,000 after purchasing an additional 188 shares in the last quarter. Arizona State Retirement System grew its stake in Q2 by 1.1% in the fourth quarter. Arizona State Retirement System now owns 17,495 shares of the technology company's stock worth $1,761,000 after purchasing an additional 190 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Q2 by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,156 shares of the technology company's stock worth $620,000 after purchasing an additional 195 shares in the last quarter. Moran Wealth Management LLC grew its stake in Q2 by 2.7% in the fourth 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 in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Q2 by 35.0% in the first quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company's stock worth $68,000 after purchasing an additional 220 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.