2U (NASDAQ:TWOU)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a research note issued on Tuesday. They currently have a $75.00 price target on the software maker’s stock, down from their previous price target of $100.00. Barrington Research’s price target indicates a potential upside of 35.87% from the company’s previous close.
Several other analysts also recently commented on the company. KeyCorp reduced their target price on 2U from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday. Piper Jaffray Companies reduced their target price on shares of 2U to $76.00 and set a “neutral” rating for the company in a research report on Tuesday. BidaskClub upgraded shares of 2U from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. ValuEngine cut shares of 2U from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 27th. Finally, Needham & Company LLC started coverage on shares of 2U in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $80.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $81.62.
Shares of TWOU traded down $8.08 during trading hours on Tuesday, hitting $55.20. The stock had a trading volume of 53,094 shares, compared to its average volume of 656,905. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.71 and a quick ratio of 5.71. The company has a market cap of $3.66 billion, a PE ratio of -102.22 and a beta of 0.34. 2U has a 1-year low of $57.84 and a 1-year high of $98.58.
2U (NASDAQ:TWOU) last issued its earnings results on Monday, November 5th. The software maker reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company had revenue of $106.96 million during the quarter, compared to the consensus estimate of $106.49 million. 2U had a negative return on equity of 9.91% and a negative net margin of 13.69%. The firm’s revenue for the quarter was up 52.3% compared to the same quarter last year. During the same period last year, the business posted ($0.15) EPS. Analysts expect 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 on Wednesday, September 12th. The stock was sold at an average price of $84.04, for a total transaction of $840,400.00. Following the completion of the transaction, the chief operating officer now directly owns 43,602 shares of the company’s stock, valued at approximately $3,664,312.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Paucek sold 75,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $84.42, for a total value of $6,331,500.00. Following the transaction, the chief executive officer now directly owns 605,191 shares of the company’s stock, valued at $51,090,224.22. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in TWOU. Raymond James & Associates grew its stake in shares of 2U by 4.8% in the 2nd quarter. Raymond James & Associates now owns 15,244 shares of the software maker’s stock valued at $1,274,000 after buying an additional 695 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in 2U by 1.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 94,100 shares of the software maker’s stock valued at $7,863,000 after purchasing an additional 1,200 shares during the last quarter. Empowered Funds LLC boosted its stake in 2U by 8.1% during the 2nd quarter. Empowered Funds LLC now owns 16,868 shares of the software maker’s stock valued at $1,424,000 after purchasing an additional 1,270 shares during the last quarter. Pier 88 Investment Partners LLC boosted its stake in 2U by 33.1% during the 2nd quarter. Pier 88 Investment Partners LLC now owns 5,495 shares of the software maker’s stock valued at $459,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Swiss National Bank boosted its stake in 2U by 1.5% during the 2nd quarter. Swiss National Bank now owns 92,300 shares of the software maker’s stock valued at $7,713,000 after purchasing an additional 1,400 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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