Q2 (NYSE:QTWO) Given “Overweight” Rating at Stephens

Q2 (NYSE:QTWO)‘s stock had its “overweight” rating reiterated by analysts at Stephens in a report released on Thursday,Benzinga reports. They currently have a $115.00 price target on the technology company’s stock. Stephens’ price target indicates a potential upside of 26.01% from the stock’s previous close.

QTWO has been the topic of several other reports. Compass Point raised their target price on shares of Q2 from $91.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial restated a “buy” rating and set a $110.00 price objective (up from $100.00) on shares of Q2 in a research report on Thursday. The Goldman Sachs Group raised their target price on Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Baird R W cut Q2 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Piper Sandler lifted their target price on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.13.

Q2 Stock Down 1.7 %

Shares of QTWO opened at $91.26 on Thursday. 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 12 month low of $41.23 and a 12 month high of $112.82. The firm’s 50 day moving average is $98.66 and its 200-day moving average is $88.12. The stock has a market capitalization of $5.51 billion, a PE ratio of -95.06 and a beta of 1.61.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share 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%. Equities research analysts forecast that Q2 will post 0.08 EPS for the current year.

Insiders Place Their Bets

In related news, President Kirk L. Coleman sold 8,559 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $106.00, for a total value of $907,254.00. Following the transaction, the president now owns 340,903 shares in the company, valued at $36,135,718. The trade was a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Offerdahl sold 548 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the sale, the director now owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,836 shares of company stock valued at $3,061,035. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Q2

Several institutional investors and hedge funds have recently made changes to their positions in the business. Conestoga Capital Advisors LLC lifted its stake in Q2 by 1.5% in the third quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock valued at $184,125,000 after buying an additional 34,300 shares during the period. William Blair Investment Management LLC bought a new position in Q2 during the fourth quarter worth $202,645,000. State Street Corp grew its holdings in Q2 by 0.3% in the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after purchasing an additional 5,000 shares during the period. Capital Research Global Investors increased its stake in Q2 by 11.2% in the fourth quarter. Capital Research Global Investors now owns 1,518,376 shares of the technology company’s stock valued at $152,825,000 after purchasing an additional 152,872 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Q2 by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock worth $140,175,000 after purchasing an additional 36,025 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.