2U (TWOU) Hits New 12-Month High at $71.56

2U Inc (NASDAQ:TWOU) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $71.56 and last traded at $69.47, with a volume of 429000 shares traded. The stock had previously closed at $69.00.

Several brokerages have issued reports on TWOU. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Zacks Investment Research raised 2U from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Friday, January 12th. Credit Suisse Group reissued an “outperform” rating and issued a $70.00 target price (up from $64.00) on shares of 2U in a research report on Wednesday, November 8th. BMO Capital Markets raised their target price on 2U from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $70.00 target price on shares of 2U in a research report on Wednesday, November 8th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $71.36.

The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3,610.00, a P/E ratio of -103.69 and a beta of -0.20.

2U (NASDAQ:TWOU) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.01. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The firm had revenue of $70.25 million for the quarter, compared to the consensus estimate of $69.36 million. During the same quarter last year, the company earned ($0.06) earnings per share. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. equities analysts forecast that 2U Inc will post -0.6 EPS for the current year.

In related news, insider James Kenigsberg sold 9,545 shares of 2U stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $62.86, for a total transaction of $599,998.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Harsha Mokkarala sold 22,658 shares of 2U stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $63.25, for a total value of $1,433,118.50. Following the sale, the chief marketing officer now directly owns 47,869 shares in the company, valued at approximately $3,027,714.25. The disclosure for this sale can be found here. Insiders sold 181,923 shares of company stock worth $11,588,620 in the last ninety days. Corporate insiders own 8.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of TWOU. Bamco Inc. NY raised its stake in 2U by 334.0% during the 3rd quarter. Bamco Inc. NY now owns 2,311,371 shares of the software maker’s stock valued at $129,529,000 after purchasing an additional 1,778,783 shares during the period. Wells Fargo & Company MN raised its stake in 2U by 94.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,381,103 shares of the software maker’s stock valued at $77,397,000 after purchasing an additional 670,258 shares during the period. Lord Abbett & CO. LLC raised its stake in 2U by 64.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock valued at $64,684,000 after purchasing an additional 538,487 shares during the period. Zevenbergen Capital Investments LLC raised its stake in 2U by 71.4% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 903,285 shares of the software maker’s stock valued at $42,382,000 after purchasing an additional 376,405 shares during the period. Finally, Stephens Investment Management Group LLC bought a new stake in 2U during the 3rd quarter valued at approximately $19,586,000.

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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.

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