Q2 (NYSE:QTWO) Price Target Raised to $60.00 at BTIG Research

Q2 (NYSE:QTWO) had its target price upped by stock analysts at BTIG Research from $48.00 to $60.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. BTIG Research’s target price points to a potential upside of 3.25% from the stock’s current price.

QTWO has been the topic of a number of other research reports. Needham & Company LLC raised their price objective on shares of Q2 from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday. Canaccord Genuity Group upped their price target on shares of Q2 from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. DA Davidson lifted their price objective on Q2 from $48.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. The Goldman Sachs Group boosted their price target on Q2 from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Robert W. Baird increased their price objective on Q2 from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.93.

Q2 Trading Up 12.3 %

Shares of NYSE:QTWO traded up $6.38 on Thursday, hitting $58.11. 841,764 shares of the company’s stock were exchanged, compared to its average volume of 616,503. Q2 has a 12 month low of $21.21 and a 12 month high of $58.20. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -51.33 and a beta of 1.47. The business’s 50 day simple moving average is $50.26 and its two-hundred day simple moving average is $42.83. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 2.23.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $162.12 million during the quarter, compared to the consensus estimate of $161.31 million. Q2 had a negative net margin of 10.47% and a negative return on equity of 6.75%. Analysts anticipate that Q2 will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling at Q2

In other Q2 news, Director R. H. Seale sold 689 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $48.75, for a total value of $33,588.75. Following the sale, the director now directly owns 420,769 shares in the company, valued at $20,512,488.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, President Kirk L. Coleman sold 2,904 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $46.01, for a total value of $133,613.04. Following the completion of the sale, the president now owns 253,015 shares in the company, valued at $11,641,220.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director R. H. Seale sold 689 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $48.75, for a total value of $33,588.75. Following the transaction, the director now directly owns 420,769 shares of the company’s stock, valued at $20,512,488.75. The disclosure for this sale can be found here. Insiders have sold a total of 337,639 shares of company stock worth $14,994,784 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Q2

Several institutional investors and hedge funds have recently modified their holdings of the business. MCF Advisors LLC lifted its position in shares of Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after acquiring an additional 374 shares in the last quarter. International Assets Investment Management LLC raised its stake in Q2 by 2,582.4% in the 4th quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock valued at $40,000 after purchasing an additional 878 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Q2 during the 1st quarter worth about $50,000. Arcadia Investment Management Corp MI boosted its stake in shares of Q2 by 193.7% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock worth $49,000 after purchasing an additional 738 shares during the last quarter. Finally, RiverPark Advisors LLC boosted its stake in shares of Q2 by 261.0% during the 4th quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock worth $58,000 after purchasing an additional 963 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.