Q2 (NYSE:QTWO) Price Target Raised to $103.00

Q2 (NYSE:QTWO) had its target price lifted by The Goldman Sachs Group from $86.00 to $103.00 in a research note published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the technology company’s stock.

Several other equities research analysts also recently issued reports on the stock. Truist Financial restated a “buy” rating and set a $100.00 price objective (up from $78.00) on shares of Q2 in a research report on Thursday. 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. Stifel Nicolaus raised their target price on shares of Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Q2 in a report on Friday, October 18th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $76.00 target price on shares of Q2 in a report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.79.

Q2 Trading Up 0.5 %

Shares of QTWO stock opened at $102.74 on Thursday. The firm has a 50 day moving average price of $80.37 and a two-hundred day moving average price of $69.66. The company has a quick ratio of 2.44, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $6.21 billion, a PE ratio of -107.02 and a beta of 1.58. Q2 has a 12-month low of $32.97 and a 12-month high of $105.00.

Insider Activity at Q2

In other Q2 news, CRO Michael A. Volanoski sold 1,428 shares of the firm’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 in the company, valued at $16,376,446.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $70.86, for a total value of $36,634.62. Following the sale, the general counsel now owns 61,130 shares in the company, valued at $4,331,671.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the firm’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 transaction 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,963 shares of company stock valued at $3,109,699 over the last three months. 3.00% of the stock is owned by insiders.

Institutional Trading of Q2

A number of hedge funds have recently added to or reduced their stakes in QTWO. CWM LLC boosted its position in Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock valued at $29,000 after buying an additional 169 shares in the last quarter. International Assets Investment Management LLC lifted its holdings 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 purchasing an additional 1,812 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Q2 by 108.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares during the period. Quest Partners LLC acquired a new position in shares of Q2 during the second quarter worth $153,000. Finally, SG Americas Securities LLC acquired a new position in shares of Q2 during the first quarter worth $173,000.

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.