2U (NASDAQ:TWOU) had its target price cut by Credit Suisse Group from $100.00 to $80.00 in a research note issued to investors on Tuesday. They currently have an outperform rating on the software maker’s stock.
A number of other brokerages have also issued reports on TWOU. BidaskClub raised shares of 2U from a hold rating to a buy rating in a research note on Friday, August 24th. DA Davidson set a $80.00 target price on shares of 2U and gave the company a buy rating in a research note on Tuesday. BMO Capital Markets decreased their target price on shares of 2U from $93.00 to $75.00 and set a positive rating for the company in a research note on Tuesday. Barrington Research reissued a buy rating and set a $100.00 target price on shares of 2U in a research note on Friday, August 3rd. Finally, ValuEngine raised shares of 2U from a buy rating to a strong-buy rating in a research note on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. 2U has a consensus rating of Buy and an average target price of $80.08.
Shares of NASDAQ:TWOU opened at $53.42 on Tuesday. 2U has a 12 month low of $49.72 and a 12 month high of $98.58. The company has a market cap of $3.66 billion, a P/E ratio of -98.93 and a beta of 0.34. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 0.04.
2U (NASDAQ:TWOU) last posted its quarterly earnings results on Monday, November 5th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $106.96 million for the quarter, compared to analyst estimates of $106.49 million. 2U had a negative net margin of 13.69% and a negative return on equity of 9.91%. The firm’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.15) earnings per share. As a group, analysts anticipate that 2U will post -0.71 earnings per share for the current fiscal year.
In other 2U news, COO Mark Chernis sold 10,000 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now owns 43,602 shares of the company’s stock, valued at approximately $3,664,312.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Paucek sold 75,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 605,191 shares of the company’s stock, valued at approximately $51,090,224.22. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. AMP Capital Investors Ltd acquired a new position in 2U during the 2nd quarter worth $248,000. Independent Advisor Alliance bought a new position in shares of 2U during the 2nd quarter worth about $255,000. HM Payson & Co. bought a new position in shares of 2U during the 2nd quarter worth about $260,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of 2U during the 2nd quarter worth about $262,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of 2U during the 2nd quarter worth about $304,000.
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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