Shares of 2U, Inc. (NASDAQ:TWOU) have been given an average recommendation of “Buy” by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $71.25.
Several research analysts have weighed in on TWOU shares. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 target price (up previously from $62.00) on shares of 2U in a research note on Friday, October 6th. Credit Suisse Group started coverage on shares of 2U in a research note on Friday, September 8th. They set an “outperform” rating and a $58.00 target price for the company. BidaskClub raised shares of 2U from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $65.00 target price (up previously from $55.00) on shares of 2U in a research note on Friday, October 6th. Finally, Compass Point reaffirmed a “buy” rating and set a $70.00 target price (up previously from $62.00) on shares of 2U in a research note on Monday, October 9th.
2U (TWOU) traded up $2.15 during trading on Monday, reaching $68.91. 168,541 shares of the company traded hands, compared to its average volume of 361,826. 2U has a 52-week low of $29.23 and a 52-week high of $69.06. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.05.
2U (NASDAQ:TWOU) last released its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The firm had revenue of $70.25 million during the quarter, compared to analysts’ expectations of $69.36 million. 2U had a negative net margin of 12.49% and a negative return on equity of 13.02%. 2U’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business earned ($0.06) earnings per share. equities research analysts predict that 2U will post -0.62 earnings per share for the current year.
In other news, Director John M. Larson sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were 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 owns 16,065 shares of the company’s stock, valued at $751,681.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $52.90, for a total transaction of $238,050.00. Following the completion of the transaction, the director now directly owns 19,825 shares of the company’s stock, valued at approximately $1,048,742.50. The disclosure for this sale can be found here. In the last three months, insiders sold 322,378 shares of company stock valued at $17,959,061. Insiders own 8.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TWOU. BlackRock Inc. raised its holdings in 2U by 13.3% in the second quarter. BlackRock Inc. now owns 2,628,814 shares of the software maker’s stock valued at $123,344,000 after acquiring an additional 308,339 shares in the last quarter. Alliancebernstein L.P. raised its holdings in 2U by 16.2% in the second quarter. Alliancebernstein L.P. now owns 2,207,911 shares of the software maker’s stock valued at $103,595,000 after acquiring an additional 307,691 shares in the last quarter. Vanguard Group Inc. raised its holdings in 2U by 3.3% in the first quarter. Vanguard Group Inc. now owns 3,305,840 shares of the software maker’s stock valued at $131,109,000 after acquiring an additional 104,328 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 2U by 32.4% in the second quarter. Ameriprise Financial Inc. now owns 102,026 shares of the software maker’s stock valued at $4,787,000 after acquiring an additional 24,970 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new stake in 2U in the second quarter valued at approximately $1,441,000.
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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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