Compass Point Forecasts Strong Price Appreciation for Q2 (NYSE:QTWO) Stock

by · The Cerbat Gem

Q2 (NYSE:QTWO – Free Report) had its target price increased by Compass Point from $91.00 to $107.00 in a research note published on Thursday,Benzinga reports. Compass Point currently has a buy rating on the technology company’s stock.

Several other equities research analysts have also weighed in on QTWO. Stephens increased their price objective on shares of Q2 from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday. Needham & Company LLC raised their price target on Q2 from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler upped their price objective on Q2 from $74.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday. Truist Financial reiterated a “buy” rating and issued a $100.00 target price (up from $78.00) on shares of Q2 in a research note on Thursday. Finally, Morgan Stanley boosted their price target on shares of Q2 from $65.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.79.

Read Our Latest Stock Report on QTWO

Q2 Stock Up 0.5 %

Shares of NYSE:QTWO opened at $102.74 on Thursday. The company’s fifty day moving average is $80.37 and its two-hundred day moving average is $69.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.44 and a current ratio of 2.50. Q2 has a 1-year low of $32.97 and a 1-year high of $105.00. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of -107.02 and a beta of 1.58.

Insider Activity at Q2

In related news, General Counsel Michael S. Kerr sold 517 shares of Q2 stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the transaction, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel Michael S. Kerr sold 517 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $70.86, for a total transaction of $36,634.62. Following the sale, the general counsel now directly owns 61,130 shares of the company’s stock, valued at $4,331,671.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $71.93, for a total transaction of $102,716.04. Following the completion of the transaction, the executive now owns 227,672 shares of the company’s stock, valued at approximately $16,376,446.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,963 shares of company stock worth $3,109,699 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC lifted its stake in Q2 by 54.2% in the 2nd quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Q2 by 7,878.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,835 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,812 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Q2 by 108.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,856 shares of the technology company’s stock worth $148,000 after purchasing an additional 964 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Q2 during the second quarter worth approximately $153,000. Finally, Highland Capital Management LLC acquired a new stake in shares of Q2 during the third quarter worth approximately $208,000.

About Q2

(Get Free Report)

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.

Read More