Q2 (NYSE:QTWO) Price Target Raised to $125.00

Q2 (NYSE:QTWO) had its target price lifted by equities researchers at Stifel Nicolaus from $115.00 to $125.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 29.74% from the stock’s current price.

QTWO has been the topic of several other research reports. Robert W. Baird reiterated a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Q2 in a research note on Friday, January 10th. Stephens lifted their target price on Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Piper Sandler lifted their target price on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. KeyCorp upgraded Q2 from a “sector weight” rating to an “overweight” rating and set a $126.00 price target on the stock in a research note on Wednesday, December 18th. Finally, Baird R W lowered Q2 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.73.

Q2 Stock Up 4.7 %

Shares of Q2 stock traded up $4.33 during trading on Thursday, hitting $96.35. 329,835 shares of the stock traded hands, compared to its average volume of 617,328. The firm has a market cap of $5.82 billion, a P/E ratio of -100.36 and a beta of 1.61. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. Q2 has a 52-week low of $41.23 and a 52-week high of $112.82. The stock’s fifty day simple moving average is $99.35 and its 200 day simple moving average is $88.05.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative net margin of 8.40% and a negative return on equity of 2.30%. On average, equities analysts predict that Q2 will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 5,123 shares of Q2 stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.12, for a total transaction of $543,652.76. Following the completion of the sale, the executive now owns 218,371 shares of the company’s stock, valued at $23,173,530.52. The trade was a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the sale, the president now directly owns 337,643 shares of the company’s stock, valued at $35,931,968.06. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,836 shares of company stock valued at $3,061,035 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new position in Q2 in the fourth quarter valued at approximately $29,000. Quarry LP raised its stake in shares of Q2 by 988.2% during the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after buying an additional 336 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Q2 during the 4th quarter worth approximately $30,000. TCTC Holdings LLC acquired a new position in shares of Q2 during the 4th quarter worth approximately $30,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Q2 during the 4th quarter worth approximately $32,000.

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.