2U Inc (NASDAQ:TWOU) Director Mark Chernis sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $85.65, for a total value of $856,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
TWOU opened at $82.25 on Friday. The company has a current ratio of 4.28, a quick ratio of 4.28 and a debt-to-equity ratio of 0.06. 2U Inc has a 52-week low of $39.58 and a 52-week high of $91.00.
2U (NASDAQ:TWOU) last issued its quarterly earnings results on Monday, February 26th. The software maker reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The company had revenue of $86.70 million for the quarter, compared to analysts’ expectations of $85.12 million. 2U had a negative return on equity of 9.54% and a negative net margin of 10.26%. The firm’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 earnings per share. equities analysts forecast that 2U Inc will post -0.79 earnings per share for the current fiscal year.
Several analysts have weighed in on the company. BidaskClub upgraded 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. KeyCorp boosted their price objective on 2U from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, March 12th. Robert W. Baird reiterated a “buy” rating on shares of 2U in a research report on Tuesday, January 9th. Zacks Investment Research downgraded 2U from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets boosted their price objective on 2U from $74.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. 2U currently has an average rating of “Buy” and an average target price of $86.17.
A number of hedge funds have recently modified their holdings of TWOU. Bamco Inc. NY grew its stake in 2U by 334.0% in the third quarter. Bamco Inc. NY now owns 2,311,371 shares of the software maker’s stock worth $129,529,000 after purchasing an additional 1,778,783 shares during the period. Wells Fargo & Company MN grew its stake in 2U by 94.3% in the third quarter. Wells Fargo & Company MN now owns 1,381,103 shares of the software maker’s stock worth $77,397,000 after purchasing an additional 670,258 shares during the period. BlackRock Inc. grew its stake in 2U by 12.5% in the fourth quarter. BlackRock Inc. now owns 3,184,359 shares of the software maker’s stock worth $205,423,000 after purchasing an additional 353,767 shares during the period. Stephens Investment Management Group LLC purchased a new stake in 2U in the third quarter worth $19,586,000. Finally, Bank of New York Mellon Corp grew its stake in 2U by 32.7% in the fourth quarter. Bank of New York Mellon Corp now owns 743,018 shares of the software maker’s stock worth $47,933,000 after purchasing an additional 183,113 shares during the period.
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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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