Credit Suisse Group Trims 2U (NASDAQ:TWOU) Target Price to $42.00

2U (NASDAQ:TWOU) had its target price cut by Credit Suisse Group from $55.00 to $42.00 in a research note released on Wednesday morning, The Fly reports. They currently have a neutral rating on the software maker’s stock.

Several other brokerages have also issued reports on TWOU. Zacks Investment Research lowered 2U from a buy rating to a hold rating in a research note on Saturday, July 27th. Barrington Research lowered 2U from an outperform rating to a market perform rating in a research note on Wednesday. KeyCorp began coverage on 2U in a research note on Tuesday, July 16th. They set an overweight rating and a $56.00 price target on the stock. ValuEngine lowered 2U from a buy rating to a hold rating in a research note on Wednesday, May 8th. Finally, Needham & Company LLC lowered 2U from a buy rating to a hold rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $49.08.

TWOU traded down $0.24 on Wednesday, hitting $13.68. 5,724,044 shares of the stock traded hands, compared to its average volume of 3,327,899. 2U has a 52 week low of $11.37 and a 52 week high of $90.31. The company has a quick ratio of 5.11, a current ratio of 2.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $810.69 million, a price-to-earnings ratio of -21.71 and a beta of 0.84. The business has a fifty day moving average of $36.34.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Tuesday, July 30th. The software maker reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.16. 2U had a negative return on equity of 7.63% and a negative net margin of 11.39%. The firm had revenue of $135.50 million for the quarter, compared to analyst estimates of $124.38 million. During the same period in the previous year, the company posted ($0.19) earnings per share. The company’s quarterly revenue was up 39.1% compared to the same quarter last year. On average, research analysts forecast that 2U will post -1.21 earnings per share for the current fiscal year.

In related news, Director Gregory K. Peters acquired 12,459 shares of the stock in a transaction dated Tuesday, May 14th. The shares were bought at an average cost of $40.15 per share, for a total transaction of $500,228.85. Following the purchase, the director now owns 25,744 shares in the company, valued at approximately $1,033,621.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Matthew J. Norden sold 1,650 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $39.31, for a total value of $64,861.50. Following the completion of the sale, the insider now owns 14,142 shares in the company, valued at $555,922.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,155 shares of company stock worth $356,942. Corporate insiders own 4.92% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of 2U in the 4th quarter valued at approximately $11,188,000. TimesSquare Capital Management LLC grew its stake in shares of 2U by 7.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,888,080 shares of the software maker’s stock valued at $133,770,000 after purchasing an additional 130,620 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of 2U by 57.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 44,304 shares of the software maker’s stock valued at $2,203,000 after purchasing an additional 16,163 shares during the period. Penbrook Management LLC grew its stake in shares of 2U by 31.7% in the 1st quarter. Penbrook Management LLC now owns 14,380 shares of the software maker’s stock valued at $1,019,000 after purchasing an additional 3,460 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of 2U by 3.2% in the 1st quarter. California Public Employees Retirement System now owns 79,779 shares of the software maker’s stock valued at $5,652,000 after purchasing an additional 2,479 shares during the period.

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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