Q2 Holdings, Inc. (NYSE:QTWO) Receives $77.00 Consensus PT from Brokerages

Q2 Holdings, Inc. (NYSE:QTWO) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat reports. Four 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 price target among brokerages that have issued ratings on the stock in the last year is $77.00.

A number of research firms recently commented on QTWO. DA Davidson raised shares of Q2 from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, February 3rd. Zacks Research cut shares of Q2 from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. decreased their target price on shares of Q2 from $100.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Needham & Company LLC decreased their target price on shares of Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Q2 in a research report on Thursday, January 22nd.

Q2 Stock Up 1.4%

NYSE:QTWO opened at $51.74 on Thursday. Q2 has a 52 week low of $44.65 and a 52 week high of $96.68. The firm has a 50 day moving average of $49.70 and a 200 day moving average of $61.52. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 65.49 and a beta of 1.42.

Insider Buying and Selling at Q2

In other Q2 news, insider Kimberly Anne Rutledge sold 20,948 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $51.66, for a total transaction of $1,082,173.68. Following the transaction, the insider owned 88,078 shares in the company, valued at approximately $4,550,109.48. This represents a 19.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John E. Breeden sold 68,707 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $51.73, for a total transaction of $3,554,213.11. Following the completion of the sale, the insider owned 90,312 shares in the company, valued at $4,671,839.76. The trade was a 43.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 411,087 shares of company stock worth $20,702,472 in the last three months. 0.31% of the stock is owned by company insiders.

Institutional Trading of Q2

A number of hedge funds and other institutional investors have recently made changes to their positions in QTWO. Headlands Technologies LLC acquired a new stake in shares of Q2 in the second quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Q2 in the third quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Q2 in the third quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Q2 in the fourth quarter worth $27,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Q2 in the third quarter worth $30,000.

Q2 Company Profile

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.