Q2 (NYSE:QTWO) Rating Reiterated by Truist Financial

Q2 (NYSE:QTWOGet Free Report)‘s stock had its “buy” rating restated by equities research analysts at Truist Financial in a report issued on Tuesday, Benzinga reports. They presently have a $68.00 price objective on the technology company’s stock, up from their prior price objective of $65.00. Truist Financial’s price target indicates a potential upside of 17.71% from the stock’s previous close.

A number of other brokerages have also weighed in on QTWO. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 target price (up from $40.00) on shares of Q2 in a research report on Thursday, May 2nd. The Goldman Sachs Group lifted their target price on Q2 from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. BTIG Research lifted their target price on Q2 from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Robert W. Baird lifted their target price on Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Finally, DA Davidson lifted their target price on Q2 from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $55.53.

Read Our Latest Analysis on Q2

Q2 Trading Down 0.3 %

Shares of QTWO stock traded down $0.19 on Tuesday, reaching $57.77. 5,237 shares of the company’s stock were exchanged, compared to its average volume of 602,783. Q2 has a 52 week low of $28.59 and a 52 week high of $64.17. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $3.47 billion, a PE ratio of -42.84 and a beta of 1.53. The company’s fifty day simple moving average is $58.07 and its 200 day simple moving average is $49.38.

Q2 (NYSE:QTWOGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Q2 had a negative return on equity of 5.88% and a negative net margin of 12.35%. The firm had revenue of $165.51 million during the quarter, compared to analyst estimates of $163.58 million. As a group, analysts forecast that Q2 will post -0.05 EPS for the current year.

Insider Buying and Selling at Q2

In other news, Director R. H. Seale sold 9,000 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $50.10, for a total value of $450,900.00. Following the completion of the transaction, the director now owns 363,754 shares of the company’s stock, valued at approximately $18,224,075.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Q2 news, Director R. H. Seale sold 9,000 shares of the stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $50.10, for a total transaction of $450,900.00. Following the completion of the transaction, the director now owns 363,754 shares of the company’s stock, valued at $18,224,075.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Michael A. Volanoski sold 1,166 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $61.26, for a total value of $71,429.16. Following the transaction, the executive now directly owns 239,476 shares of the company’s stock, valued at approximately $14,670,299.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,684 shares of company stock worth $4,888,275. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Q2

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MCF Advisors LLC increased its stake in Q2 by 156.5% during the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after acquiring an additional 374 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Q2 by 2,582.4% in the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock valued at $40,000 after buying an additional 878 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Q2 in the first quarter valued at $50,000. Arcadia Investment Management Corp MI grew its stake in shares of Q2 by 193.7% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after buying an additional 738 shares in the last quarter. Finally, RiverPark Advisors LLC grew its stake in shares of Q2 by 261.0% in the fourth quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock valued at $58,000 after buying an additional 963 shares in the last quarter.

About Q2

(Get Free Report)

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.

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Analyst Recommendations for Q2 (NYSE:QTWO)

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