Q2 (NYSE:QTWO) Stock Price Expected to Rise, Stephens Analyst Says

Q2 (NYSE:QTWO) had its price target hoisted by equities researchers at Stephens from $75.00 to $100.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Stephens’ price target indicates a potential downside of 2.70% from the company’s current price.

Several other analysts also recently commented on QTWO. Needham & Company LLC raised their target price on shares of Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial reaffirmed a “buy” rating and set a $100.00 price target (up from $78.00) on shares of Q2 in a research note on Thursday. Stifel Nicolaus raised their price target on shares of Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. DA Davidson reaffirmed a “neutral” rating and set a $76.00 price target on shares of Q2 in a research note on Monday, September 30th. Finally, BTIG Research raised their price target on shares of Q2 from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Q2 currently has a consensus rating of “Moderate Buy” and an average price target of $90.79.

Q2 Stock Performance

Shares of NYSE:QTWO opened at $102.78 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.44. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of -107.06 and a beta of 1.58. The firm’s 50 day simple moving average is $80.37 and its 200 day simple moving average is $69.44. Q2 has a fifty-two week low of $32.97 and a fifty-two week high of $105.00.

Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, November 6th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $175.02 million for the quarter, compared to the consensus estimate of $173.31 million. Q2 had a negative net margin of 8.40% and a negative return on equity of 2.34%. As a group, sell-side analysts forecast that Q2 will post -0.02 earnings per share for the current year.

Insider Activity at Q2

In related news, Director Jeffrey T. Diehl sold 28,005 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $75.25, for a total value of $2,107,376.25. Following the completion of the transaction, the director now directly owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey T. Diehl sold 28,005 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $75.25, for a total value of $2,107,376.25. Following the completion of the transaction, the director now directly owns 397,702 shares of the company’s stock, valued at approximately $29,927,075.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $70.86, for a total transaction of $36,634.62. Following the completion of the transaction, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,963 shares of company stock valued at $3,109,699. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Q2

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Capital Management LLC boosted its position in Q2 by 0.4% during the first quarter. Brown Capital Management LLC now owns 2,565,647 shares of the technology company’s stock worth $134,850,000 after purchasing an additional 11,000 shares during the period. Conestoga Capital Advisors LLC boosted its position in Q2 by 1.5% during the third quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after purchasing an additional 34,300 shares during the period. Hood River Capital Management LLC boosted its position in Q2 by 5.7% during the second quarter. Hood River Capital Management LLC now owns 1,261,924 shares of the technology company’s stock worth $76,132,000 after purchasing an additional 67,757 shares during the period. American Century Companies Inc. boosted its position in Q2 by 5,990.6% during the second quarter. American Century Companies Inc. now owns 1,210,143 shares of the technology company’s stock worth $73,008,000 after purchasing an additional 1,190,274 shares during the period. Finally, Perpetual Ltd bought a new position in Q2 during the third quarter worth $80,788,000.

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.