Stifel Nicolaus Forecasts Strong Price Appreciation for Q2 (NYSE:QTWO) Stock

Q2 (NYSE:QTWO) had its target price boosted by equities research analysts at Stifel Nicolaus from $115.00 to $125.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 36.97% from the stock’s current price.

QTWO has been the topic of a number of other reports. Citigroup cut shares of Q2 from a “buy” rating to a “neutral” rating and raised their price target for the company from $72.00 to $90.00 in a report on Friday, October 18th. Piper Sandler raised their price target on shares of Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their price target on shares of Q2 from $86.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC raised their price target on shares of Q2 from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Q2 in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.13.

Q2 Stock Down 1.7 %

Shares of Q2 stock opened at $91.26 on Thursday. 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 1 year low of $41.23 and a 1 year high of $112.82. The firm’s 50-day moving average is $98.66 and its two-hundred day moving average is $88.12. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of -95.06 and a beta of 1.61.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. As a group, research analysts expect that Q2 will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Q2

In related news, CRO Michael A. Volanoski sold 5,123 shares of Q2 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 sale, the executive now owns 218,371 shares of the company’s stock, valued at approximately $23,173,530.52. This trade represents a 2.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Offerdahl sold 548 shares of Q2 stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $104.95, for a total transaction of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares in the company, valued at $1,914,392.95. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,836 shares of company stock valued at $3,061,035 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Q2

Institutional investors have recently added to or reduced their stakes in the stock. TCTC Holdings LLC acquired a new stake in Q2 in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new stake in Q2 in the 4th quarter valued at $30,000. Ameliora Wealth Management Ltd. acquired a new stake in Q2 in the 4th quarter valued at $32,000. Quarry LP grew its stake in Q2 by 988.2% in the 3rd quarter. Quarry LP now owns 370 shares of the technology company’s stock valued at $30,000 after acquiring an additional 336 shares during the period. Finally, NewEdge Advisors LLC grew its stake in Q2 by 269.6% in the 4th quarter. NewEdge Advisors LLC now owns 377 shares of the technology company’s stock valued at $38,000 after acquiring an additional 275 shares during the period.

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.