Q2 Holdings, Inc. (NYSE:QTWO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $79.2857.

A number of research firms have weighed in on QTWO. UBS Group set a $67.00 price target on shares of Q2 in a research note on Thursday, February 12th. Cantor Fitzgerald dropped their price objective on shares of Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Morgan Stanley set a $68.00 price objective on shares of Q2 in a report on Thursday, February 12th. Wall Street Zen lowered shares of Q2 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Needham & Company LLC cut their price target on shares of Q2 from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, February 12th.

Q2 Trading Down 0.9%

Shares of NYSE:QTWO opened at $48.16 on Friday. The firm has a market capitalization of $3.01 billion, a PE ratio of 60.97 and a beta of 1.40. Q2 has a 1-year low of $46.16 and a 1-year high of $96.68. The business’s 50 day moving average is $56.12 and its 200-day moving average is $65.90.

Insiders Place Their Bets

In related news, CEO Matthew P. Flake sold 91,590 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $49.75, for a total transaction of $4,556,602.50. Following the completion of the transaction, the chief executive officer owned 503,815 shares in the company, valued at $25,064,796.25. This trade represents a 15.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John E. Breeden sold 68,707 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $51.73, for a total value of $3,554,213.11. Following the completion of the sale, the insider directly owned 90,312 shares in the company, valued at approximately $4,671,839.76. This represents a 43.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 411,087 shares of company stock worth $20,702,472 in the last 90 days. 0.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Q2

Several institutional investors have recently added to or reduced their stakes in QTWO. Advisors Asset Management Inc. lifted its holdings in Q2 by 35.0% during the 1st quarter. Advisors Asset Management Inc. now owns 849 shares of the technology company’s stock valued at $68,000 after purchasing an additional 220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Q2 by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,033 shares of the technology company’s stock worth $2,803,000 after buying an additional 1,525 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Q2 by 21.6% during the first quarter. Goldman Sachs Group Inc. now owns 537,717 shares of the technology company’s stock worth $43,023,000 after buying an additional 95,440 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Q2 by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,318 shares of the technology company’s stock worth $14,907,000 after buying an additional 6,909 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Q2 by 43.5% in the second quarter. PNC Financial Services Group Inc. now owns 4,040 shares of the technology company’s stock valued at $378,000 after acquiring an additional 1,224 shares during the last quarter.

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.