2U Sees Unusually High Options Volume (TWOU)

2U Inc (NASDAQ:TWOU) was the recipient of some unusual options trading activity on Thursday. Traders purchased 953 put options on the stock. This represents an increase of approximately 1,515% compared to the typical daily volume of 59 put options.

2U stock opened at $70.08 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 6.31 and a current ratio of 6.31. 2U has a 12 month low of $44.50 and a 12 month high of $98.58. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of -129.78 and a beta of 0.66.

TWOU has been the topic of several research reports. BidaskClub upgraded shares of 2U from a “buy” rating to a “strong-buy” rating in a report on Friday, February 15th. KeyCorp cut their price target on shares of 2U from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, November 6th. ValuEngine downgraded shares of 2U from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 27th. Barrington Research reiterated an “outperform” rating and issued a $75.00 price target (down previously from $100.00) on shares of 2U in a report on Tuesday, November 6th. Finally, Piper Jaffray Companies cut their price target on shares of 2U to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, November 6th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.45.

Institutional investors have recently added to or reduced their stakes in the business. Tompkins Financial Corp purchased a new stake in 2U in the 4th quarter worth approximately $26,000. Rehmann Capital Advisory Group purchased a new stake in 2U in the 4th quarter worth approximately $34,000. Captrust Financial Advisors boosted its position in 2U by 352.8% in the 4th quarter. Captrust Financial Advisors now owns 1,046 shares of the software maker’s stock worth $52,000 after purchasing an additional 815 shares in the last quarter. Mycio Wealth Partners LLC purchased a new stake in 2U in the 4th quarter worth approximately $74,000. Finally, Parkside Financial Bank & Trust boosted its position in 2U by 94.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,576 shares of the software maker’s stock worth $78,000 after purchasing an additional 764 shares in the last quarter.

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About 2U

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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