Q2 (NYSE:QTWO) Reaches New 52-Week Low – Should You Sell?

Q2 Holdings, Inc. (NYSE:QTWO)’s share price reached a new 52-week low on Thursday . The stock traded as low as $46.16 and last traded at $47.2070, with a volume of 1871879 shares. The stock had previously closed at $47.30.

Analysts Set New Price Targets

A number of research firms recently commented on QTWO. Truist Financial reduced their price target on Q2 from $110.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Stephens set a $90.00 target price on shares of Q2 in a research report on Friday, January 16th. DA Davidson raised Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, February 3rd. Cantor Fitzgerald dropped their target price on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Wall Street Zen raised shares of Q2 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Q2 presently has a consensus rating of “Moderate Buy” and an average target price of $79.29.

Q2 Stock Down 0.2%

The company has a market cap of $2.95 billion, a P/E ratio of 59.76 and a beta of 1.36. The firm’s 50 day moving average is $63.89 and its two-hundred day moving average is $69.07.

Insider Buying and Selling

In related news, COO Himagiri K. Mukkamala sold 3,024 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $73.68, for a total value of $222,808.32. Following the sale, the chief operating officer directly owned 96,046 shares in the company, valued at $7,076,669.28. This represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Michael A. Volanoski sold 5,123 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $75.46, for a total transaction of $386,581.58. Following the completion of the transaction, the executive owned 166,512 shares in the company, valued at $12,564,995.52. This trade represents a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,883 shares of company stock valued at $1,547,778 over the last ninety days. 0.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QTWO. Headlands Technologies LLC purchased a new stake in shares of Q2 in the second quarter worth approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Q2 during the third quarter valued at approximately $26,000. Cullen Frost Bankers Inc. bought a new stake in Q2 during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Q2 in the 4th quarter valued at $27,000. Finally, Salomon & Ludwin LLC purchased a new position in Q2 during the 3rd 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.