Q2 (NYSE:QTWO) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Q2 (NYSE:QTWO) had its target price boosted by analysts at Stifel Nicolaus from $100.00 to $105.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 17.21% from the stock’s current price.

QTWO has been the topic of a number of other research reports. Truist Financial reiterated a “buy” rating and issued a $110.00 target price (up previously from $100.00) on shares of Q2 in a report on Thursday, February 13th. Robert W. Baird boosted their price target on shares of Q2 from $84.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday. Raymond James increased their price objective on Q2 from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. The Goldman Sachs Group dropped their target price on Q2 from $119.00 to $106.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, Morgan Stanley reduced their price target on Q2 from $95.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.80.

Q2 Stock Performance

Shares of QTWO opened at $89.58 on Thursday. Q2 has a one year low of $55.97 and a one year high of $112.82. The company has a 50-day moving average of $77.63 and a two-hundred day moving average of $90.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of -137.81 and a beta of 1.47.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.30). Q2 had a positive return on equity of 0.85% and a negative net margin of 5.53%. On average, equities research analysts expect that Q2 will post 0.67 earnings per share for the current year.

Insider Activity

In related news, CFO Jonathan Price sold 42,652 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $74.37, for a total transaction of $3,172,029.24. Following the transaction, the chief financial officer now owns 209,378 shares of the company’s stock, valued at approximately $15,571,441.86. The trade was a 16.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James Offerdahl sold 1,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the sale, the director now directly owns 17,241 shares of the company’s stock, valued at approximately $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,858 shares of company stock valued at $14,853,965. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. William Blair Investment Management LLC acquired a new position in Q2 in the 4th quarter valued at approximately $202,645,000. Assenagon Asset Management S.A. raised its stake in shares of Q2 by 1,043.1% in the first quarter. Assenagon Asset Management S.A. now owns 954,979 shares of the technology company’s stock valued at $76,408,000 after purchasing an additional 871,437 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in 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 purchasing an additional 698,464 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Q2 by 732.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,404 shares of the technology company’s stock worth $75,025,000 after buying an additional 655,838 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Q2 by 105.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,012,787 shares of the technology company’s stock valued at $101,937,000 after buying an additional 520,649 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.