Q2 (NYSE:QTWO) had its price target raised to $82.00 by analysts at BTIG Research

Q2 (NYSE:QTWO – Free Report) raised their target price on BTIG Research from $75.00 to $82.00 in a research note on Monday, Benzinga reports. BTIG Research currently has a buy rating on the technology company’s stock.

A number of other equities research analysts have also weighed in on QTWO. Morgan Stanley restated an equal weight rating and issued a $50.00 price objective (up from $40.00) on shares of T2 in a report on Thursday, May 2nd. Stifel Nicolaus lifted their price target on Q2 from $65.00 to $85.00 and gave the stock a buy rating in a report on Thursday, August 1st. Needham & Company LLC upped their price objective on Q2 from $65.00 to $90.00 and gave the company a buy rating in a report on Thursday, August 1st. Royal Bank of Canada boosted their price target on Q2 from $60.00 to $76.00 and gave the stock a sector perform rating in a research note on Thursday, August 1st. Finally, Robert W. Baird raised their price target on shares of Q2 from $60.00 to $65.00 and gave the company an outperform rating in a research note on Thursday, May 2nd. . Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $68.38.

Get the latest research report from T2

Q2 inventory down 0.1%

Shares of QTWO stock opened at $74.84 on Monday. The company’s 50-day moving average price is $65.89 and its 200-day moving average price is $57.85. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of -55.44 and a beta of 1.54. Q2 has a fifty-two week low of $28.91 and a fifty-two week high of $75.94. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.44, and a current ratio of 2.44.

Insider buying and selling in Q2

In related news, Chairman Kirk L. Coleman sold 3,537 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $61.26, for a total value of $216,676.62. Following the transaction, the chairman now owns 352,177 shares in the company, valued at approximately $21,574,363.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In other Q2 news, EVP Jonathan Price sold 11,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $71.64, for a total transaction of $788,040.00. Following the completion of the transaction, the executive vice president now owns 215,079 shares in the company, valued at approximately $15,408,259.56. The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. Also, Chairman Kirk L. Coleman sold 3,537 shares of T2 stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $61.26, for a total transaction of $216,676.62. Following the completion of the sale, the chairman now directly owns 352,177 shares in the company, valued at approximately $21,574,363.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,391 shares of company stock worth $5,997,160. 3.60% of shares are owned by company insiders.

Institutional investors intervene in Q2

A number of institutional investors have recently added to or reduced their stakes in QTWO. Chase Investment Counsel Corp boosted its holdings in shares of Q2 by 3.2% in the second quarter. Chase Investment Counsel Corp now owns 46,414 shares of the technology company’s stock valued at $2,800,000 after purchasing an additional 1,444 shares during the period. Creative Planning grew its position in Q2 by 50.9% in the second quarter. Creative Planning now owns 12,203 shares of the technology company’s stock worth $736,000 after acquiring an additional 4,117 shares in the last quarter. Algert Global LLC purchased a new stake in the second quarter valued at $359,000. Mackenzie Financial Corp purchased a new stake in shares of Q2 during the second quarter valued at $209,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Q2 during the 2nd quarter worth $242,000.

Company Profile Q2

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

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