According to Zacks, “2U, Inc. is an education technology company. It is a provider of cloud-based software-as-a-service (SaaS) solutions that enables nonprofit colleges and universities to deliver their education to students anywhere. The Company offers graduate and undergraduate degree programs in social work, science, public administration, healthcare, laws, education, and business administration. It also offers a suite of technology-enabled services including content development, student acquisition, and state authorization services, as well as application advising, student and faculty support, and in-program student field placements. 2U, Inc. is based in Landover, Maryland. “
TWOU has been the topic of several other reports. Pacific Crest reiterated a buy rating and issued a $38.00 price objective on shares of 2U in a research note on Friday, August 5th. Needham & Company LLC initiated coverage on 2U in a research note on Friday, July 15th. They issued a buy rating and a $40.00 price target on the stock. Oppenheimer Holdings Inc. raised their price target on 2U from $29.00 to $38.00 and gave the company an outperform rating in a research note on Friday, August 5th. Credit Suisse Group AG restated a buy rating on shares of 2U in a research note on Monday, August 1st. Finally, Barrington Research raised their price target on 2U from $33.00 to $42.00 and gave the company an outperform rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. 2U currently has a consensus rating of Buy and an average target price of $39.22.
Shares of 2U (NASDAQ:TWOU) opened at 36.37 on Thursday. The stock’s market cap is $1.71 billion. The stock has a 50 day moving average price of $35.99 and a 200-day moving average price of $31.00. 2U has a 52 week low of $14.94 and a 52 week high of $38.91.
2U (NASDAQ:TWOU) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.03. The business had revenue of $49.10 million for the quarter, compared to analysts’ expectations of $48.50 million. 2U had a negative return on equity of 11.97% and a negative net margin of 13.20%. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) earnings per share. Equities analysts predict that 2U will post ($0.16) EPS for the current fiscal year.
In related news, insider James Kenigsberg sold 5,468 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $36.58, for a total transaction of $200,019.44. Following the transaction, the insider now owns 58,654 shares of the company’s stock, valued at $2,145,563.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy M. Haley sold 82,927 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $33.46, for a total value 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 disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in TWOU. Riverbridge Partners LLC bought a new position in 2U during the second quarter worth about $26,499,000. Lord Abbett & CO. LLC raised its position in 2U by 43.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,688,980 shares of the company’s stock worth $49,673,000 after buying an additional 512,581 shares in the last quarter. Granahan Investment Management Inc. MA raised its position in 2U by 28.6% in the first quarter. Granahan Investment Management Inc. MA now owns 1,945,413 shares of the company’s stock worth $43,966,000 after buying an additional 433,002 shares in the last quarter. Franklin Resources Inc. raised its position in 2U by 8.6% in the first quarter. Franklin Resources Inc. now owns 4,597,724 shares of the company’s stock worth $103,909,000 after buying an additional 363,706 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in 2U by 19.6% in the second quarter. Vanguard Group Inc. now owns 1,989,976 shares of the company’s stock worth $58,526,000 after buying an additional 325,530 shares in 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for 2U Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U Inc and related companies with MarketBeat.com's FREE daily email newsletter.