Amalgamated Bank grew its stake in shares of 2U Inc (NASDAQ:TWOU) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,548 shares of the software maker’s stock after buying an additional 973 shares during the period. Amalgamated Bank’s holdings in 2U were worth $422,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in TWOU. Kovack Advisors Inc. purchased a new stake in 2U in the fourth quarter worth approximately $204,000. Oppenheimer & Co. Inc. bought a new stake in 2U in the fourth quarter valued at approximately $213,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 2U by 37.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,596 shares of the software maker’s stock valued at $232,000 after purchasing an additional 974 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in 2U in the third quarter valued at approximately $238,000. Finally, Public Employees Retirement Association of Colorado bought a new stake in 2U in the fourth quarter valued at approximately $314,000.
TWOU has been the subject of several recent research reports. Robert W. Baird reiterated a “buy” rating on shares of 2U in a research report on Tuesday, January 9th. BidaskClub upgraded 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded 2U from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Friday, January 12th. KeyCorp restated an “overweight” rating and set a $83.00 target price (up previously from $73.00) on shares of 2U in a report on Tuesday, January 30th. Finally, BMO Capital Markets upped their target price on 2U from $74.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. 2U has an average rating of “Buy” and an average target price of $86.17.
Shares of NASDAQ TWOU traded down $0.16 during trading on Friday, reaching $82.25. The company had a trading volume of 616,602 shares, compared to its average volume of 575,880. 2U Inc has a 12-month low of $39.58 and a 12-month high of $91.00. The stock has a market cap of $4,335.89, a P/E ratio of -152.31 and a beta of -0.09. 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 (NASDAQ:TWOU) last released its earnings results on Monday, February 26th. The software maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. 2U had a negative return on equity of 9.54% and a negative net margin of 10.26%. The firm had revenue of $86.70 million for the quarter, compared to analysts’ expectations of $85.12 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was up 51.0% on a year-over-year basis. analysts forecast that 2U Inc will post -0.79 earnings per share for the current fiscal year.
In related news, Director Timothy M. Haley sold 45,000 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $88.67, for a total transaction of $3,990,150.00. Following the sale, the director now directly owns 4,508 shares of the company’s stock, valued at $399,724.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Chernis sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $85.65, for a total value of $856,500.00. The disclosure for this sale can be found here. Insiders have sold 55,075 shares of company stock worth $4,853,085 over the last ninety days. 8.40% of the stock is currently owned by insiders.
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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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