2U (TWOU) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of 2U (NASDAQ:TWOU) from a sell rating to a hold rating in a report released on Thursday morning.

Other equities analysts have also recently issued research reports about the stock. DA Davidson started coverage on shares of 2U in a research note on Wednesday, August 29th. They issued a buy rating and a $98.00 price objective on the stock. Barrington Research reaffirmed a buy rating and issued a $100.00 price objective on shares of 2U in a research note on Friday, August 3rd. ValuEngine cut shares of 2U from a strong-buy rating to a buy rating in a research note on Saturday, October 27th. Needham & Company LLC started coverage on shares of 2U in a research note on Tuesday, October 23rd. They issued a buy rating and a $80.00 price objective on the stock. Finally, Piper Jaffray Companies started coverage on shares of 2U in a research note on Thursday, September 6th. They issued a neutral rating and a $94.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $90.00.

Shares of TWOU traded down $0.36 during mid-day trading on Thursday, hitting $63.80. The company’s stock had a trading volume of 398,460 shares, compared to its average volume of 590,362. The stock has a market capitalization of $3.46 billion, a P/E ratio of -117.73 and a beta of -0.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.71 and a quick ratio of 5.71. 2U has a fifty-two week low of $57.84 and a fifty-two week high of $98.58.

2U (NASDAQ:TWOU) last announced its quarterly earnings data on Thursday, August 2nd. The software maker reported ($0.19) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.21. The company had revenue of $97.40 million for the quarter, compared to analysts’ expectations of $95.84 million. 2U had a negative net margin of 13.69% and a negative return on equity of 9.91%. The business’s revenue was up 49.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) EPS. As a group, equities research analysts forecast that 2U will post -0.71 EPS for the current fiscal year.

In related news, COO Mark Chernis sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total transaction of $840,400.00. Following the completion of the sale, the chief operating officer now directly owns 43,602 shares in the company, valued at $3,664,312.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Paucek sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the sale, the chief executive officer now owns 605,191 shares of the company’s stock, valued at $51,090,224.22. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in 2U by 91.3% in the third quarter. Wells Fargo & Company MN now owns 1,107,213 shares of the software maker’s stock valued at $83,252,000 after acquiring an additional 528,454 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in 2U by 109.5% in the third quarter. Frontier Capital Management Co. LLC now owns 684,454 shares of the software maker’s stock valued at $51,464,000 after acquiring an additional 357,677 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in 2U by 30.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 8,961 shares of the software maker’s stock valued at $674,000 after acquiring an additional 2,094 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its stake in 2U by 4.0% in the third quarter. NN Investment Partners Holdings N.V. now owns 155,000 shares of the software maker’s stock valued at $11,654,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in 2U by 18.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 26,219 shares of the software maker’s stock valued at $1,971,000 after acquiring an additional 4,106 shares during the last quarter.

2U Company Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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