2U Inc (NASDAQ:TWOU) – Equities research analysts at Piper Jaffray Companies lifted their FY2018 EPS estimates for shares of 2U in a research note issued on Tuesday, November 6th. Piper Jaffray Companies analyst P. Appert now expects that the software maker will earn ($0.64) per share for the year, up from their previous estimate of ($0.71). Piper Jaffray Companies currently has a “Neutral” rating and a $76.00 target price on the stock. Piper Jaffray Companies also issued estimates for 2U’s Q4 2018 earnings at $0.08 EPS, Q1 2019 earnings at ($0.32) EPS, Q2 2019 earnings at ($0.41) EPS, Q3 2019 earnings at ($0.24) EPS, Q4 2019 earnings at $0.12 EPS, FY2019 earnings at ($0.84) EPS, FY2020 earnings at ($0.73) EPS and FY2021 earnings at ($0.55) EPS.
TWOU has been the subject of several other research reports. BidaskClub raised 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 2U and gave the stock a “buy” rating in a research note on Tuesday, November 6th. BMO Capital Markets lowered their target price on 2U from $93.00 to $75.00 and set a “positive” rating for the company in a research note on Tuesday, November 6th. 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, Credit Suisse Group lowered their target price on 2U from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, November 6th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $80.08.
Shares of NASDAQ TWOU opened at $54.21 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.31 and a quick ratio of 5.71. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of -100.39 and a beta of 0.34. 2U has a 12 month low of $49.72 and a 12 month 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, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm 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 7.51% and a negative net margin of 11.13%. The business’s quarterly revenue was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.15) earnings per share.
Large investors have recently added to or reduced their stakes in the company. AMP Capital Investors Ltd bought a new stake in shares of 2U during the second quarter worth about $248,000. Independent Advisor Alliance bought a new stake in 2U in the second quarter valued at approximately $255,000. HM Payson & Co. bought a new stake in 2U in the second quarter valued at approximately $260,000. Commerzbank Aktiengesellschaft FI bought a new stake in 2U in the second quarter valued at approximately $262,000. Finally, Commonwealth Equity Services LLC bought a new stake in 2U in the second quarter valued at approximately $304,000.
In other news, COO Mark Chernis sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $84.04, for a total transaction of $840,400.00. Following 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Paucek sold 75,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 605,191 shares in the company, valued at $51,090,224.22. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.
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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