Q2 (NYSE:QTWO) Earns “Buy” Rating from Truist Financial

Truist Financial reiterated their buy rating on shares of Q2 (NYSE:QTWO) in a research report released on Thursday morning, Benzinga reports. Truist Financial currently has a $65.00 price target on the technology company’s stock, up from their prior price target of $60.00.

A number of other research analysts have also commented on the company. The Goldman Sachs Group upped their price objective on Q2 from $39.00 to $51.00 and gave the company a buy rating in a report on Tuesday, January 23rd. Piper Sandler raised their price target on shares of Q2 from $41.00 to $47.00 and gave the stock a neutral rating in a research report on Thursday, February 22nd. Needham & Company LLC lifted their price objective on shares of Q2 from $58.00 to $65.00 and gave the stock a buy rating in a research note on Thursday. Stifel Nicolaus increased their target price on shares of Q2 from $48.00 to $60.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. Finally, DA Davidson lifted their price target on shares of Q2 from $48.00 to $58.00 and gave the company a buy rating in a research report on Tuesday, February 27th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Q2 currently has a consensus rating of Moderate Buy and a consensus price target of $55.33.

Q2 Stock Up 1.3 %

QTWO opened at $60.36 on Thursday. The stock’s fifty day simple moving average is $50.79 and its 200 day simple moving average is $43.21. Q2 has a 1-year low of $21.21 and a 1-year high of $60.98. The stock has a market cap of $3.63 billion, a PE ratio of -44.71 and a beta of 1.47. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 1.06.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.04. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. The firm had revenue of $162.12 million for the quarter, compared to analysts’ expectations of $161.31 million. As a group, research analysts expect that Q2 will post -0.02 earnings per share for the current year.

Insider Buying and Selling at Q2

In other news, CRO Michael A. Volanoski sold 2,369 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.10, for a total transaction of $118,686.90. Following the sale, the executive now directly owns 174,024 shares in the company, valued at $8,718,602.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Q2 news, CRO Michael A. Volanoski sold 2,369 shares of Q2 stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.10, for a total transaction of $118,686.90. Following the transaction, the executive now directly owns 174,024 shares of the company’s stock, valued at approximately $8,718,602.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew P. Flake sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $41.09, for a total transaction of $1,849,050.00. Following the completion of the transaction, the chief executive officer now owns 473,411 shares in the company, valued at approximately $19,452,457.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 290,702 shares of company stock worth $13,014,042. 3.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. MCF Advisors LLC grew its position in Q2 by 156.5% in the 4th quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock worth $27,000 after purchasing an additional 374 shares in the last quarter. International Assets Investment Management LLC boosted its position in Q2 by 2,582.4% in the fourth quarter. International Assets Investment Management LLC now owns 912 shares of the technology company’s stock worth $40,000 after purchasing an additional 878 shares during the last quarter. Arcadia Investment Management Corp MI grew its stake in Q2 by 193.7% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,119 shares of the technology company’s stock valued at $49,000 after purchasing an additional 738 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Q2 during the 1st quarter valued at $50,000. Finally, RiverPark Advisors LLC raised its stake in shares of Q2 by 261.0% during the 4th quarter. RiverPark Advisors LLC now owns 1,332 shares of the technology company’s stock worth $58,000 after purchasing an additional 963 shares during the period.

Q2 Company Profile

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.