Compass Point reaffirmed their buy rating on shares of 2U, Inc. (NASDAQ:TWOU) in a report released on Monday morning. Compass Point currently has a $62.00 price target on the software maker’s stock, up from their prior price target of $56.00.
TWOU has been the topic of a number of other research reports. BMO Capital Markets restated an outperform rating and issued a $56.00 target price (up previously from $54.00) on shares of 2U in a research note on Thursday, August 10th. Needham & Company LLC boosted their target price on 2U from $54.00 to $62.00 and gave the company a buy rating in a research note on Tuesday, August 8th. KeyCorp restated an overweight rating and issued a $50.00 target price on shares of 2U in a research note on Monday, July 10th. Oppenheimer Holdings, Inc. boosted their target price on 2U from $50.00 to $55.00 and gave the company an outperform rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded 2U from a hold rating to a buy rating and set a $52.00 target price on the stock in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company. 2U currently has an average rating of Buy and an average target price of $55.27.
2U (NASDAQ TWOU) opened at 53.70 on Monday. The stock’s market capitalization is $2.57 billion. The stock has a 50 day moving average price of $49.67 and a 200-day moving average price of $44.37. 2U has a 12-month low of $29.23 and a 12-month high of $55.24.
In other news, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $44.12, for a total transaction of $198,540.00. Following the completion of the sale, the director now owns 19,825 shares in the company, valued at approximately $874,679. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TWOU. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 2U by 182.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock worth $123,000 after acquiring an additional 1,693 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of 2U during the 1st quarter worth about $126,000. Rehmann Capital Advisory Group acquired a new position in shares of 2U during the 2nd quarter worth about $204,000. Principal Financial Group Inc. acquired a new position in shares of 2U during the 1st quarter worth about $208,000. Finally, Advisor Group Inc. lifted its position in shares of 2U by 41.5% during the 2nd quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock worth $210,000 after purchasing an additional 1,313 shares during 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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