Q2 (NYSE:QTWO) Receives Buy Rating from Truist Financial

Q2 (NYSE:QTWO)‘s stock had its “buy” rating reiterated by equities researchers at Truist Financial in a report issued on Thursday,Benzinga reports. They presently have a $110.00 price objective on the technology company’s stock, up from their previous price objective of $100.00. Truist Financial’s price objective indicates a potential upside of 12.91% from the company’s previous close.

QTWO has been the topic of several other reports. Robert W. Baird reiterated a “neutral” rating and set a $99.00 price objective (up from $89.00) on shares of Q2 in a research report on Friday, January 10th. Stifel Nicolaus lifted their price target on Q2 from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Stephens increased their price objective on Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley lifted their target price on Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Finally, Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and increased their price target for the stock from $72.00 to $90.00 in a research report on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $99.07.

Q2 Trading Up 5.9 %

NYSE:QTWO opened at $97.42 on Thursday. The stock has a fifty day simple moving average of $99.35 and a 200 day simple moving average of $88.05. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of -101.48 and a beta of 1.61. Q2 has a 1-year low of $41.23 and a 1-year high of $112.82. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 8.40% and a negative return on equity of 2.30%. Sell-side analysts forecast that Q2 will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In related news, CRO Michael A. Volanoski sold 5,123 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $106.12, for a total value of $543,652.76. Following the transaction, the executive now directly owns 218,371 shares in the company, valued at approximately $23,173,530.52. This trade represents a 2.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James Offerdahl sold 548 shares of Q2 stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the transaction, the director now owns 18,241 shares in the company, valued at $1,914,392.95. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,836 shares of company stock worth $3,061,035. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Q2

Hedge funds and other institutional investors have recently made changes to their positions in the business. Conestoga Capital Advisors LLC lifted its position in shares of Q2 by 1.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,308,194 shares of the technology company’s stock worth $184,125,000 after purchasing an additional 34,300 shares during the last quarter. William Blair Investment Management LLC bought a new position in Q2 in the 4th quarter worth approximately $202,645,000. State Street Corp lifted its holdings in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company’s stock worth $133,118,000 after buying an additional 5,000 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Q2 by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,389,181 shares of the technology company’s stock valued at $140,175,000 after acquiring an additional 36,025 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Q2 by 107.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,345,741 shares of the technology company’s stock worth $135,449,000 after acquiring an additional 698,464 shares during the last quarter.

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.