Q2 (NYSE:QTWO) Sets New 12-Month Low – What’s Next?

Q2 Holdings, Inc. (NYSE:QTWO) shares reached a new 52-week low during trading on Friday . The stock traded as low as $51.34 and last traded at $52.1740, with a volume of 20882 shares changing hands. The stock had previously closed at $51.70.

Analysts Set New Price Targets

Several research firms have recently issued reports on QTWO. Cantor Fitzgerald decreased their price target on Q2 from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Zacks Research raised shares of Q2 from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. UBS Group set a $67.00 price target on shares of Q2 in a research report on Thursday, February 12th. Wall Street Zen upgraded shares of Q2 from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Morgan Stanley set a $68.00 target price on Q2 in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Q2 has a consensus rating of “Moderate Buy” and a consensus target price of $79.29.

Q2 Stock Down 1.2%

The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 64.59 and a beta of 1.36. The stock’s 50 day moving average price is $65.93 and its two-hundred day moving average price is $69.89.

Insider Buying and Selling

In other news, insider Kirk L. Coleman sold 8,559 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $630,627.12. Following the transaction, the insider owned 269,128 shares in the company, valued at approximately $19,829,351.04. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Himagiri K. Mukkamala sold 3,024 shares of Q2 stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $73.68, for a total transaction of $222,808.32. Following the completion of the sale, the chief operating officer directly owned 96,046 shares of the company’s stock, valued at approximately $7,076,669.28. The trade was a 3.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 20,883 shares of company stock worth $1,547,778. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Q2

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Q2 by 25.6% during the 4th quarter. Invesco Ltd. now owns 232,072 shares of the technology company’s stock worth $16,746,000 after purchasing an additional 47,274 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Q2 in the fourth quarter valued at approximately $246,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Q2 in the fourth quarter worth $257,000. State of Tennessee Department of Treasury increased its position in Q2 by 1.3% during the fourth quarter. State of Tennessee Department of Treasury now owns 27,424 shares of the technology company’s stock worth $1,979,000 after acquiring an additional 352 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in Q2 during the 4th quarter valued at $714,000.

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.