Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $65.86.

QTWO has been the subject of a number of recent research reports. BTIG Research boosted their price objective on shares of Q2 from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group raised their price target on shares of Q2 from $59.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Robert W. Baird boosted their target price on shares of Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Truist Financial restated a “buy” rating and set a $78.00 price target (up previously from $68.00) on shares of Q2 in a research report on Thursday, August 1st. Finally, Needham & Company LLC increased their price target on shares of Q2 from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, August 1st.

Q2 Trading Down 2.3 %

Shares of QTWO stock opened at $65.17 on Tuesday. Q2 has a 1 year low of $28.91 and a 1 year high of $75.94. The firm has a fifty day moving average price of $62.67 and a 200-day moving average price of $54.74. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 2.38. The company has a market cap of $3.93 billion, a price-to-earnings ratio of -48.27 and a beta of 1.54.

Insider Activity

In other news, Director Jeffrey T. Diehl sold 27,248 shares of Q2 stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $62.51, for a total value of $1,703,272.48. Following the sale, the director now owns 750,314 shares of the company’s stock, valued at $46,902,128.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jeffrey T. Diehl sold 27,248 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $62.51, for a total value of $1,703,272.48. Following the completion of the sale, the director now owns 750,314 shares in the company, valued at $46,902,128.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R. H. Seale sold 598 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $61.26, for a total transaction of $36,633.48. Following the completion of the sale, the director now owns 420,171 shares of the company’s stock, valued at approximately $25,739,675.46. The disclosure for this sale can be found here. Insiders have sold a total of 84,637 shares of company stock valued at $5,224,320 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

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 business. Wasatch Advisors LP raised its position in Q2 by 10.8% during the first quarter. Wasatch Advisors LP now owns 4,078,877 shares of the technology company’s stock worth $214,386,000 after acquiring an additional 398,871 shares during the last quarter. Brown Capital Management LLC grew its holdings in shares of 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 buying an additional 11,000 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Q2 by 2.5% during the second quarter. Conestoga Capital Advisors LLC now owns 2,273,894 shares of the technology company’s stock worth $137,184,000 after buying an additional 54,970 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Q2 by 14.6% during the first quarter. Jennison Associates LLC now owns 1,852,407 shares of the technology company’s stock worth $97,363,000 after buying an additional 235,582 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in shares of Q2 during the first quarter worth about $62,765,000.

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.