Barrington Research Weighs in on 2U, Inc.’s Q3 2017 Earnings (NASDAQ:TWOU)

2U, Inc. (NASDAQ:TWOU) – Research analysts at Barrington Research cut their Q3 2017 earnings estimates for 2U in a note issued to investors on Tuesday. Barrington Research analyst A. Paris. Jr now expects that the software maker will post earnings per share of ($0.33) for the quarter, down from their previous estimate of ($0.19). Barrington Research has a “Outperform” rating and a $56.00 price target on the stock. Barrington Research also issued estimates for 2U’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.67) EPS and FY2018 earnings at ($0.68) EPS.

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Several other equities analysts have also recently commented on TWOU. BMO Capital Markets reiterated an “outperform” rating and set a $56.00 target price (up from $54.00) on shares of 2U in a research note on Thursday. Credit Suisse Group increased their target price on 2U from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday. Oppenheimer Holdings, Inc. increased their target price on 2U from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday. Robert W. Baird increased their target price on 2U from $49.00 to $59.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Needham & Company LLC increased their target price on 2U from $54.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $54.60.

Shares of 2U (NASDAQ TWOU) opened at 45.97 on Friday. 2U has a 12-month low of $29.23 and a 12-month high of $52.94. The firm’s market cap is $2.20 billion. The firm’s 50-day moving average is $48.52 and its 200-day moving average is $42.09.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of 2U by 3.3% in the first quarter. Vanguard Group Inc. now owns 3,305,840 shares of the software maker’s stock valued at $131,109,000 after buying an additional 104,328 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of 2U by 226.6% in the first quarter. Wellington Management Group LLP now owns 3,045,515 shares of the software maker’s stock valued at $120,786,000 after buying an additional 2,112,997 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of 2U by 2.9% in the second quarter. William Blair Investment Management LLC now owns 2,830,577 shares of the software maker’s stock valued at $132,811,000 after buying an additional 79,191 shares in the last quarter. BlackRock Inc. raised its stake in shares of 2U by 13.3% in the second quarter. BlackRock Inc. now owns 2,628,814 shares of the software maker’s stock valued at $123,344,000 after buying an additional 308,339 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of 2U by 16.2% in the second quarter. Alliancebernstein L.P. now owns 2,207,911 shares of the software maker’s stock valued at $103,595,000 after buying an additional 307,691 shares in the last quarter.

In related news, Director Timothy M. Haley sold 23,296 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $39.71, for a total transaction of $925,084.16. Following the sale, the director now directly owns 23,454 shares of the company’s stock, valued at approximately $931,358.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Larson sold 45,000 shares of the company’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 value of $1,863,900.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,796 shares of company stock worth $2,987,524. Corporate insiders own 8.40% of the company’s stock.

About 2U

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.

Earnings History and Estimates for 2U (NASDAQ:TWOU)

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