Stifel Nicolaus Increases Q2 (NYSE:QTWO) Price Target to $110.00

Key Points

• Stifel Nicolaus has raised its price target for Q2 Holdings (NYSE:QTWO) from $105.00 to $110.00, signaling a potential upside of 34.20% based on the current stock price.
• Q2 Holdings' stock experienced a decline of 8.9% during trading, closing at $81.97, despite the increased price targets from several analysts.
• The company is rated as a "Moderate Buy" by analysts, with eight hold ratings and eleven buy ratings, alongside an average target price of $101.06.

Q2 (NYSE:QTWO - Get Free Report) had its price objective raised by research analysts at Stifel Nicolaus from $105.00 to $110.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Stifel Nicolaus' price target would suggest a potential upside of 34.20% from the stock's current price.

A number of other equities research analysts have also recently issued reports on QTWO. Needham & Company LLC upped their price objective on shares of Q2 from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday. Raymond James Financial decreased their price target on shares of Q2 from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Robert W. Baird upped their price target on shares of Q2 from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley upped their price target on shares of Q2 from $89.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Q2 in a report on Wednesday, June 18th. They set an "overweight" rating and a $115.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Q2 presently has a consensus rating of "Moderate Buy" and an average target price of $101.06.

Q2 Stock Down 8.9%

NYSE:QTWO traded down $8.02 during trading hours on Thursday, reaching $81.97. The company's stock had a trading volume of 1,168,178 shares, compared to its average volume of 663,412. The company has a market cap of $5.11 billion, a price-to-earnings ratio of -234.65 and a beta of 1.48. Q2 has a one year low of $61.51 and a one year high of $112.82. The business's 50-day moving average is $90.30 and its 200-day moving average is $86.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 1,428 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $88.88, for a total value of $126,920.64. Following the completion of the transaction, the executive owned 175,812 shares of the company's stock, valued at $15,626,170.56. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the 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 transaction, the director directly owned 16,241 shares of the company's stock, valued at $1,425,472.57. This trade represents a 5.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,991 shares of company stock valued at $357,153 over the last quarter. Corporate insiders own 0.31% of the company's stock.

Institutional Trading of Q2

Several hedge funds have recently modified their holdings of QTWO. Versant Capital Management Inc acquired a new stake in shares of Q2 during the first quarter worth approximately $33,000. WPG Advisers LLC acquired a new stake in shares of Q2 during the first quarter worth approximately $35,000. NewEdge Advisors LLC increased its holdings in shares of Q2 by 269.6% during the fourth quarter. NewEdge Advisors LLC now owns 377 shares of the technology company's stock worth $38,000 after buying an additional 275 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Q2 by 2,630.0% during the first quarter. Larson Financial Group LLC now owns 546 shares of the technology company's stock worth $44,000 after buying an additional 526 shares in the last quarter. Finally, TCTC Holdings LLC grew its stake in shares of Q2 by 103.1% during the first quarter. TCTC Holdings LLC now owns 597 shares of the technology company's stock valued at $48,000 after purchasing an additional 303 shares during the last quarter.

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.

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