Stephens Issues Positive Forecast for Q2 (NYSE:QTWO) Stock Price

Q2 (NYSE:QTWO) had its price objective raised by Stephens from $75.00 to $100.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other equities research analysts also recently commented on the company. Piper Sandler boosted their price objective on Q2 from $74.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday. Citigroup lowered shares of Q2 from a “buy” rating to a “neutral” rating and boosted their price target for the company from $72.00 to $90.00 in a research note on Friday, October 18th. DA Davidson reissued a “neutral” rating and set a $76.00 target price on shares of Q2 in a research report on Monday, September 30th. Truist Financial restated a “buy” rating and issued a $100.00 target price (up previously from $78.00) on shares of Q2 in a report on Thursday. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Q2 in a report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, 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 opened at $102.74 on Thursday. The firm has a 50 day moving average of $80.37 and a 200-day moving average of $69.55. The company has a market cap of $6.21 billion, a price-to-earnings ratio of -107.02 and a beta of 1.58. 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 has a 52 week low of $32.97 and a 52 week high of $105.00.

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

Insider Buying and Selling

In related news, EVP Jonathan Price sold 11,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $71.64, for a total transaction of $788,040.00. Following the completion of the sale, the executive vice president now owns 215,079 shares in the company, valued at approximately $15,408,259.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Jeffrey T. Diehl sold 28,005 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $75.25, for a total value of $2,107,376.25. Following the transaction, the director now owns 397,702 shares in the company, valued at approximately $29,927,075.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Price sold 11,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $71.64, for a total value of $788,040.00. Following the completion of the sale, the executive vice president now directly owns 215,079 shares of the company’s stock, valued at $15,408,259.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,963 shares of company stock valued at $3,109,699. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in Q2 by 16.2% during the first quarter. BNP Paribas Financial Markets now owns 53,701 shares of the technology company’s stock worth $2,823,000 after purchasing an additional 7,503 shares during the period. SG Americas Securities LLC bought a new position in Q2 in the 1st quarter worth approximately $173,000. Oppenheimer & Co. Inc. purchased a new position in Q2 in the 1st quarter valued at approximately $1,055,000. TimesSquare Capital Management LLC raised its holdings in Q2 by 7.3% during the 1st quarter. TimesSquare Capital Management LLC now owns 490,005 shares of the technology company’s stock valued at $25,755,000 after acquiring an additional 33,354 shares during the period. Finally, Swiss National Bank lifted its position in shares of Q2 by 0.5% during the first quarter. Swiss National Bank now owns 115,700 shares of the technology company’s stock worth $6,081,000 after acquiring an additional 600 shares in the last quarter.

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.