2U Inc. (NASDAQ:TWOU) has received an average recommendation of “Buy” from the eleven research firms that are currently covering the stock. Eleven investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have covered the stock in the last year is $40.13.
TWOU has been the topic of several recent analyst reports. Zacks Investment Research raised shares of 2U from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, August 11th. Pacific Crest reissued a “buy” rating and issued a $38.00 target price on shares of 2U in a research note on Friday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of 2U in a research note on Thursday, July 28th. Credit Suisse Group AG reissued a “buy” rating on shares of 2U in a research note on Monday, August 1st. Finally, Compass Point increased their target price on shares of 2U from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 5th.
2U (NASDAQ:TWOU) opened at 38.27 on Tuesday. 2U has a 12 month low of $14.94 and a 12 month high of $38.91. The company’s 50-day moving average is $35.65 and its 200-day moving average is $30.16. The stock’s market capitalization is $1.79 billion.
2U (NASDAQ:TWOU) last announced its earnings results on Thursday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. 2U had a negative net margin of 13.20% and a negative return on equity of 11.97%. The business had revenue of $49.10 million for the quarter, compared to the consensus estimate of $48.50 million. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. Equities research analysts forecast that 2U will post ($0.16) EPS for the current year.
In other 2U news, Director Timothy M. Haley sold 82,927 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $33.46, for a total transaction of $2,774,737.42. Following the transaction, the director now directly owns 13,801 shares in the company, valued at approximately $461,781.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John M. Larson sold 45,000 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $34.83, for a total transaction of $1,567,350.00. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC raised its stake in 2U by 2.0% in the second quarter. William Blair Investment Management LLC now owns 2,496,270 shares of the company’s stock valued at $73,415,000 after buying an additional 49,407 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in 2U during the first quarter valued at approximately $315,000. BlackRock Institutional Trust Company N.A. raised its stake in 2U by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 730,362 shares of the company’s stock valued at $16,506,000 after buying an additional 3,768 shares during the last quarter. Suntrust Banks Inc. purchased a new stake in 2U during the second quarter valued at approximately $487,000. Finally, Franklin Resources Inc. raised its stake in 2U by 8.6% in the first quarter. Franklin Resources Inc. now owns 4,597,724 shares of the company’s stock valued at $103,909,000 after buying an additional 363,706 shares during the last quarter.
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 an online learning environment, Online Campus, which acts as the hub for student and faculty academic and social interaction, and operations applications.
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