Q2 (NYSE:QTWO) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Q2 (NYSE:QTWO) from a strong-buy rating to a buy rating in a research report report published on Saturday.

Other analysts have also recently issued reports about the company. Morgan Stanley set a $68.00 target price on Q2 in a report on Thursday, February 12th. Stifel Nicolaus set a $75.00 price target on shares of Q2 in a report on Thursday, February 12th. Royal Bank Of Canada dropped their price target on shares of Q2 from $86.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 12th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Stephens set a $90.00 price objective on shares of Q2 in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.29.

Q2 Trading Up 1.5%

NYSE QTWO opened at $52.86 on Friday. The firm has a market capitalization of $3.30 billion, a PE ratio of 66.91 and a beta of 1.40. The business’s 50-day moving average price is $60.49 and its two-hundred day moving average price is $67.86. Q2 has a 12 month low of $46.16 and a 12 month high of $96.68.

Insider Buying and Selling at Q2

In other Q2 news, CFO Jonathan Price sold 32,156 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $49.75, for a total value of $1,599,761.00. Following the transaction, the chief financial officer owned 197,135 shares in the company, valued at approximately $9,807,466.25. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 91,590 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $49.75, for a total value of $4,556,602.50. Following the completion of the sale, the chief executive officer directly owned 503,815 shares of the company’s stock, valued at $25,064,796.25. This trade represents a 15.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 294,381 shares of company stock worth $15,152,614 in the last quarter. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Q2

Several hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in Q2 during the second quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Q2 during the third quarter valued at about $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Q2 during the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Q2 during the fourth quarter worth about $27,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Q2 in the 3rd quarter worth about $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.