Q2 (NYSE:QTWO) Stock Rating Upgraded by Wall Street Zen

Q2 (NYSE:QTWO) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

QTWO has been the topic of several other reports. JPMorgan Chase & Co. cut their target price on shares of Q2 from $100.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Needham & Company LLC lowered their price target on Q2 from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. DA Davidson raised Q2 from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Tuesday, February 3rd. UBS Group set a $67.00 price objective on Q2 in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada decreased their price objective on Q2 from $86.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Q2 presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.23.

Q2 Stock Performance

Shares of NYSE:QTWO opened at $47.77 on Friday. The company has a market cap of $2.98 billion, a PE ratio of 60.46 and a beta of 1.42. Q2 has a 52 week low of $44.65 and a 52 week high of $96.68. The firm has a 50 day simple moving average of $52.14 and a 200 day simple moving average of $63.36.

Insider Buying and Selling at Q2

In related news, CFO Jonathan Price sold 32,156 shares of Q2 stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $49.75, for a total transaction of $1,599,761.00. Following the completion of the sale, the chief financial officer owned 197,135 shares of the company’s stock, valued at approximately $9,807,466.25. This trade represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kimberly Anne Rutledge sold 20,948 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $51.66, for a total value of $1,082,173.68. Following the completion of the transaction, the insider owned 88,078 shares in the company, valued at $4,550,109.48. This trade represents a 19.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 411,087 shares of company stock worth $20,702,472 over the last 90 days. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Q2

Several institutional investors have recently made changes to their positions in QTWO. Headlands Technologies LLC acquired a new position in Q2 in the second quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Q2 in the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Q2 in the fourth quarter worth approximately $27,000. Cullen Frost Bankers Inc. bought a new stake in Q2 in the third quarter worth approximately $27,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of Q2 during the 3rd quarter worth $30,000.

About Q2

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.