Q2 (NYSE:QTWO) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of Q2 Holdings, Inc. (NYSE:QTWO) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $101.35 and traded as high as $101.50. Q2 shares last traded at $98.21, with a volume of 616,620 shares trading hands.

Analysts Set New Price Targets

QTWO has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Citigroup downgraded Q2 from a “buy” rating to a “neutral” rating and upped their price objective for the company from $72.00 to $90.00 in a research note on Friday, October 18th. DA Davidson lifted their target price on Q2 from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Stifel Nicolaus raised their price objective on shares of Q2 from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Needham & Company LLC boosted their target price on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.80.

Q2 Stock Up 1.5 %

The stock has a market capitalization of $6.04 billion, a P/E ratio of -104.13 and a beta of 1.61. The stock has a 50 day moving average price of $101.91 and a 200-day moving average price of $82.79. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50.

Insider Buying and Selling at Q2

In other news, President Kirk L. Coleman sold 8,559 shares of Q2 stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total transaction of $907,254.00. Following the sale, the president now owns 340,903 shares of the company’s stock, valued at approximately $36,135,718. The trade was a 2.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Michael A. Volanoski sold 4,178 shares of Q2 stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $442,868.00. Following the sale, the executive now directly owns 223,494 shares in the company, valued at approximately $23,690,364. The trade was a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,836 shares of company stock worth $3,061,035. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP lifted its stake in shares of Q2 by 988.2% in the third quarter. Quarry LP now owns 370 shares of the technology company’s stock worth $30,000 after buying an additional 336 shares in the last quarter. CWM LLC raised its holdings in Q2 by 199.8% in the 3rd quarter. CWM LLC now owns 1,442 shares of the technology company’s stock worth $115,000 after acquiring an additional 961 shares during the last quarter. International Assets Investment Management LLC lifted its position in Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Q2 by 108.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock valued at $148,000 after purchasing an additional 964 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Q2 in the 4th quarter worth $203,000.

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.