Q2 Holdings, Inc. (NYSE:QTWO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $79.2857.

A number of brokerages have issued reports on QTWO. DA Davidson upgraded Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Tuesday, February 3rd. Stephens set a $90.00 target price on Q2 in a report on Friday, January 16th. Morgan Stanley set a $68.00 target price on Q2 in a research report on Thursday, February 12th. Stifel Nicolaus set a $75.00 price target on Q2 in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. lowered their price target on Q2 from $100.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th.

Q2 Trading Up 0.6%

Shares of QTWO stock opened at $46.50 on Friday. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 58.85 and a beta of 1.40. Q2 has a 12-month low of $45.62 and a 12-month high of $96.68. The stock’s 50-day moving average price is $54.41 and its 200-day moving average price is $65.13.

Insider Activity

In related news, insider Kimberly Anne Rutledge sold 3,187 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $50.37, for a total transaction of $160,529.19. Following the completion of the transaction, the insider owned 80,551 shares in the company, valued at $4,057,353.87. The trade was a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John E. Breeden sold 6,076 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $51.35, for a total value of $312,002.60. Following the completion of the transaction, the insider directly owned 84,236 shares in the company, valued at $4,325,518.60. This trade represents a 6.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 411,087 shares of company stock worth $20,702,472 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Q2

Several large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in shares of Q2 during the second quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in Q2 in the third quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in Q2 during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new stake in Q2 during the 4th quarter valued at $27,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Q2 in the 3rd quarter worth $30,000.

About Q2

Q2 Holdings, Inc develops and delivers cloud-based digital banking solutions that enable banks and credit unions to enhance customer and member experiences. The company’s core offerings include the Q2 Platform, a comprehensive suite of online and mobile banking applications for retail and commercial customers, as well as digital onboarding, payments, and fraud prevention tools. Q2’s platform also provides analytics and reporting capabilities designed to help financial institutions tailor products, optimize workflows, and drive engagement.

Founded in 2004 and headquartered in Austin, Texas, Q2 serves hundreds of financial institutions across the United States and Canada.