2U, Inc. (NASDAQ:TWOU)‘s stock had its “buy” rating reaffirmed by stock analysts at BMO Capital Markets in a research report issued on Wednesday. They presently have a $68.00 price objective on the software maker’s stock. BMO Capital Markets’ price target suggests a potential upside of 8.35% from the stock’s current price.
A number of other equities research analysts also recently weighed in on TWOU. Zacks Investment Research raised 2U from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Thursday, July 6th. KeyCorp reaffirmed an “overweight” rating and set a $50.00 price target on shares of 2U in a research note on Monday, July 10th. Citigroup Inc. started coverage on 2U in a research note on Tuesday, July 18th. They set a “buy” rating and a $57.00 price target for the company. Needham & Company LLC raised their price target on 2U from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Finally, Robert W. Baird raised their price target on 2U from $49.00 to $59.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. 2U presently has a consensus rating of “Buy” and an average price target of $59.00.
Shares of 2U (NASDAQ:TWOU) opened at 62.76 on Wednesday. The firm’s market cap is $3.01 billion. 2U has a 52-week low of $29.23 and a 52-week high of $63.15. The company’s 50-day moving average is $56.67 and its 200-day moving average is $48.77.
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In other 2U news, Director Mark Chernis sold 4,500 shares of 2U stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total value of $238,050.00. Following the transaction, the director now directly owns 19,825 shares of the company’s stock, valued at approximately $1,048,742.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John M. Larson sold 150,000 shares of 2U stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the transaction, the director now directly owns 16,065 shares in the company, valued at $751,681.35. The disclosure for this sale can be found here. Insiders own 8.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of TWOU. BlackRock Inc. increased its position in 2U by 66,695.5% in the 1st quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock worth $92,031,000 after buying an additional 2,317,001 shares during the period. Lord Abbett & CO. LLC increased its position in 2U by 64.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock worth $64,684,000 after buying an additional 538,487 shares during the period. Bamco Inc. NY bought a new position in 2U in the 2nd quarter worth approximately $24,989,000. Columbus Circle Investors increased its position in 2U by 117.2% in the 2nd quarter. Columbus Circle Investors now owns 914,482 shares of the software maker’s stock worth $82,111,000 after buying an additional 493,364 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in 2U by 545.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 507,033 shares of the software maker’s stock worth $21,676,000 after buying an additional 428,515 shares during the period.
2U Company Profile
2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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