Compass Point started coverage on shares of Q2 (NYSE:QTWO – Free Report) 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.
Check Out Our Latest Report on Q2
Q2 Stock Performance
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.
Further Reading
- Five stocks we like better than Q2
- What is the Hang Seng index?
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- How to Invest in Blue Chip Stocks
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
- Canadian Penny Stocks: Can They Make You Rich?
- Why Analysts See Big Upside for Occidental Petroleum Despite Lows
Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.