2U Inc (NASDAQ:TWOU) had its price target boosted by BMO Capital Markets from $48.00 to $50.00 in a research report sent to investors on Friday, May 5th. They currently have an outperform rating on the software maker’s stock.
Other equities analysts also recently issued research reports about the company. TheStreet upgraded 2U from a d rating to a c rating in a research note on Monday, March 27th. Needham & Company LLC lifted their price target on shares of 2U from $40.00 to $43.00 and gave the stock a buy rating in a report on Friday, February 24th. Credit Suisse Group AG reissued an outperform rating and set a $54.00 target price (up previously from $43.00) on shares of 2U in a report on Tuesday, April 4th. Finally, Zacks Investment Research raised shares of 2U from a hold rating to a buy rating and set a $41.00 target price on the stock in a report on Wednesday, March 1st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $45.00.
2U (NASDAQ:TWOU) traded down 0.02% during midday trading on Friday, hitting $41.99. The stock had a trading volume of 294,119 shares. The company’s market capitalization is $2.00 billion. The company’s 50-day moving average price is $42.41 and its 200 day moving average price is $36.53. 2U has a 52 week low of $26.03 and a 52 week high of $46.35.
2U (NASDAQ:TWOU) last announced its earnings results on Thursday, February 23rd. The software maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. 2U had a negative return on equity of 11.24% and a negative net margin of 11.41%. The firm had revenue of $57.40 million for the quarter, compared to the consensus estimate of $56.39 million. The business’s revenue was up 32.6% compared to the same quarter last year. On average, analysts expect that 2U will post ($0.11) EPS for the current year.
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In other 2U news, Director John M. Larson sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $41.42, for a total transaction of $1,863,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.90% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of TWOU. BlackRock Inc. boosted its stake in 2U by 66,695.5% in the first quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock worth $92,031,000 after buying an additional 2,317,001 shares during the last quarter. Wellington Management Group LLP boosted its stake in 2U by 226.6% in the first quarter. Wellington Management Group LLP now owns 3,045,515 shares of the software maker’s stock worth $120,786,000 after buying an additional 2,112,997 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in 2U during the third quarter worth approximately $29,829,000. Alliancebernstein L.P. boosted its stake in shares of 2U by 61.2% in the first quarter. Alliancebernstein L.P. now owns 1,900,220 shares of the software maker’s stock valued at $75,363,000 after buying an additional 721,672 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of 2U by 16.0% in the fourth quarter. Franklin Resources Inc. now owns 4,915,731 shares of the software maker’s stock valued at $148,209,000 after buying an additional 677,982 shares in the last quarter.
2U Company Profile
2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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