Q2 (NYSE:QTWO) Price Target Raised to $90.00 at Morgan Stanley

Q2 (NYSE:QTWO) had its target price boosted by Morgan Stanley from $65.00 to $90.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Several other equities analysts also recently commented on QTWO. Stifel Nicolaus increased their target price on Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Piper Sandler lifted their target price on shares of Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday. Compass Point started coverage on shares of Q2 in a report on Wednesday, September 4th. They set a “buy” rating and a $91.00 target price on the stock. BTIG Research raised their price target on shares of Q2 from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.79.

Q2 Stock Performance

Shares of QTWO stock traded up $0.53 on Thursday, reaching $102.78. The company had a trading volume of 842,638 shares, compared to its average volume of 593,743. The business’s 50-day moving average is $79.80 and its 200 day moving average is $69.08. Q2 has a one year low of $32.97 and a one year high of $105.00. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02.

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

Insiders Place Their Bets

In other news, CRO Michael A. Volanoski sold 1,428 shares of Q2 stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the completion of the sale, the executive now owns 227,672 shares in the company, valued at $16,376,446.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Q2 news, General Counsel Michael S. Kerr sold 517 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total value of $36,634.62. Following the completion of the sale, the general counsel now owns 61,130 shares of the company’s stock, valued at approximately $4,331,671.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Michael A. Volanoski sold 1,428 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total value of $102,716.04. Following the sale, the executive now owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,963 shares of company stock worth $3,109,699. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Several hedge funds have recently bought and sold shares of the business. CWM LLC raised its holdings in Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after buying an additional 169 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Q2 by 7,878.3% during the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after acquiring an additional 1,812 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Q2 by 108.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after acquiring an additional 964 shares during the last quarter. Quest Partners LLC bought a new position in Q2 in the 2nd quarter valued at about $153,000. Finally, Highland Capital Management LLC acquired a new position in Q2 during the 3rd quarter valued at about $208,000.

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.