Q2 (NYSE:QTWO) Price Target Raised to $100.00 at Citigroup

Q2 (NYSE:QTWO) had its price target lifted by research analysts at Citigroup from $96.00 to $100.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Citigroup’s price objective suggests a potential upside of 7.90% from the stock’s previous close.

Several other equities analysts have also recently commented on QTWO. Morgan Stanley boosted their price target on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Compass Point upped their target price on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. DA Davidson lifted their price target on Q2 from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 11th. The Goldman Sachs Group increased their price objective on Q2 from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus raised their price objective on shares of Q2 from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.40.

Q2 Trading Up 0.7 %

Shares of NYSE QTWO traded up $0.66 during mid-day trading on Thursday, hitting $92.68. 697,162 shares of the company traded hands, compared to its average volume of 629,322. The business has a 50 day moving average of $98.99 and a two-hundred day moving average of $88.08. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of -96.54 and a beta of 1.61. Q2 has a 1 year low of $41.23 and a 1 year high of $112.82. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.30). Q2 had a negative return on equity of 2.30% and a negative net margin of 8.40%. On average, sell-side analysts anticipate that Q2 will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Q2

In other news, Director James Offerdahl sold 548 shares of Q2 stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $104.95, for a total value of $57,512.60. Following the completion of the sale, the director now directly owns 18,241 shares of the company’s stock, valued at approximately $1,914,392.95. This trade represents a 2.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Kirk L. Coleman sold 10,428 shares of Q2 stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $106.42, for a total value of $1,109,747.76. Following the completion of the sale, the president now owns 337,643 shares of the company’s stock, valued at approximately $35,931,968.06. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,836 shares of company stock valued at $3,061,035 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Q2

Institutional investors have recently bought and sold shares of the business. Highland Capital Management LLC grew its stake in shares of Q2 by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,775 shares of the technology company’s stock worth $279,000 after purchasing an additional 172 shares during the period. Arizona State Retirement System increased its stake in shares of Q2 by 1.1% in the 4th quarter. Arizona State Retirement System now owns 17,495 shares of the technology company’s stock valued at $1,761,000 after acquiring an additional 190 shares during the last quarter. Moran Wealth Management LLC boosted its stake in Q2 by 2.7% during the 4th quarter. Moran Wealth Management LLC now owns 8,115 shares of the technology company’s stock worth $817,000 after acquiring an additional 215 shares during the last quarter. Parallax Volatility Advisers L.P. boosted its position in shares of Q2 by 5.5% during the third quarter. Parallax Volatility Advisers L.P. now owns 5,549 shares of the technology company’s stock worth $443,000 after purchasing an additional 288 shares in the last quarter. Finally, TCTC Holdings LLC bought a new stake in shares of Q2 in the 4th quarter valued at $30,000.

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.