Q2 (NYSE:QTWO) Stock Price Expected to Rise, DA Davidson Analyst Says

Q2 (NYSE:QTWO) had its target price boosted by DA Davidson from $76.00 to $86.00 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

QTWO has been the subject of several other research reports. Truist Financial reissued a “buy” rating and set a $100.00 price target (up previously from $78.00) on shares of Q2 in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their price target on Q2 from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup downgraded Q2 from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $72.00 to $90.00 in a report on Friday, October 18th. Finally, The Goldman Sachs Group boosted their target price on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Q2 currently has an average rating of “Moderate Buy” and an average price target of $91.50.

Q2 Stock Down 5.3 %

Shares of QTWO stock opened at $97.83 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.50 and a quick ratio of 2.50. Q2 has a one year low of $34.59 and a one year high of $105.00. The company’s 50-day moving average is $82.11 and its 200 day moving average is $70.58.

Insider Transactions at Q2

In other Q2 news, Director Jeffrey T. Diehl sold 28,005 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the sale, the director now directly owns 397,702 shares of the company’s stock, valued at $29,927,075.50. This trade represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Michael S. Kerr sold 517 shares of the business’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 transaction, the general counsel now directly owns 61,130 shares in the company, valued at approximately $4,331,671.80. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,963 shares of company stock worth $2,321,659 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Q2

A number of large investors have recently added to or reduced their stakes in QTWO. CWM LLC grew its position in Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares in the last quarter. International Assets Investment Management LLC lifted its position in Q2 by 7,878.3% in the third quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock worth $146,000 after buying an additional 1,812 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in 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 buying an additional 964 shares during the period. Quest Partners LLC purchased a new position in Q2 during the second quarter worth $153,000. Finally, SG Americas Securities LLC bought a new position in Q2 during the first quarter valued at $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.