Q2 (NYSE:QTWO) Now Covered by Compass Point

Compass Point started coverage on shares of Q2 (NYSE:QTWO) in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $91.00 target price on the technology company’s stock.

Several other research analysts also recently issued reports on the stock. BTIG Research boosted their price objective on shares of Q2 from $75.00 to $82.00 and gave the stock a buy rating in a report on Monday, August 26th. Royal Bank of Canada boosted their price objective on shares of Q2 from $60.00 to $76.00 and gave the stock a sector perform rating in a report on Thursday, August 1st. DA Davidson downgraded shares of Q2 from a buy rating to a neutral rating and boosted their price objective for the stock from $65.00 to $76.00 in a report on Wednesday, July 24th. Truist Financial restated a buy rating and set a $78.00 price objective (up previously from $68.00) on shares of Q2 in a report on Thursday, August 1st. Finally, Needham & Company LLC boosted their price objective on shares of Q2 from $65.00 to $90.00 and gave the stock a buy rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $72.38.

Q2 Stock Performance

NYSE:QTWO opened at $71.14 on Wednesday. The firm’s 50-day moving average is $68.36 and its 200-day moving average is $59.34. Q2 has a 52-week low of $28.91 and a 52-week high of $75.94. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44 and a current ratio of 2.44. The company has a market cap of $4.29 billion, a price-to-earnings ratio of -52.70 and a beta of 1.58.

Insider Buying and Selling at Q2

In other Q2 news, Director James Offerdahl sold 1,013 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $73.97, for a total value of $74,931.61. Following the transaction, the director now directly owns 18,789 shares in the company, valued at $1,389,822.33. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Jeffrey T. Diehl sold 28,005 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $75.25, for a total transaction of $2,107,376.25. Following the completion of the sale, the director now directly owns 397,702 shares of the company’s stock, valued at $29,927,075.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Offerdahl sold 1,013 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $73.97, for a total transaction of $74,931.61. Following the sale, the director now directly owns 18,789 shares of the company’s stock, valued at $1,389,822.33. The disclosure for this sale can be found here. Insiders have sold a total of 61,712 shares of company stock worth $4,292,113 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Q2

A number of institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC raised its stake in shares of Q2 by 54.2% during the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after buying an additional 169 shares during the last quarter. Natixis Advisors LLC increased its stake in Q2 by 1.4% in the second quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock valued at $1,007,000 after purchasing an additional 237 shares in the last quarter. Natixis Advisors L.P. increased its stake in Q2 by 1.6% in the fourth quarter. Natixis Advisors L.P. now owns 16,188 shares of the technology company’s stock valued at $702,000 after purchasing an additional 259 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in Q2 by 4.4% in the first quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company’s stock valued at $377,000 after purchasing an additional 304 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Q2 by 3.1% in the second quarter. Panagora Asset Management Inc. now owns 13,659 shares of the technology company’s stock valued at $824,000 after purchasing an additional 407 shares in the last quarter.

About Q2

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.