2U (NASDAQ:TWOU) had its price target upped by Oppenheimer from $77.00 to $91.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price objective would indicate a potential upside of 13.61% from the company’s previous close.
Several other equities analysts have also recently weighed in on the stock. KeyCorp reaffirmed an “overweight” rating and set a $73.00 price target on shares of 2U in a research note on Friday, November 17th. Robert W. Baird reaffirmed a “buy” rating on shares of 2U in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of 2U from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Friday, January 12th. Macquarie initiated coverage on 2U in a report on Thursday, December 7th. They issued an “outperform” rating and a $71.00 price objective for the company. Finally, Citigroup increased their price objective on 2U from $57.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 20th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $81.55.
2U (NASDAQ TWOU) opened at $80.10 on Tuesday. The firm has a market cap of $4,130.79, a P/E ratio of -119.55 and a beta of -0.05. 2U has a 52 week low of $35.14 and a 52 week high of $81.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.48 and a current ratio of 3.48.
In related news, Director Paul A. Maeder acquired 67,830 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was bought at an average price of $61.45 per share, with a total value of $4,168,153.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark Chernis sold 4,500 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $63.58, for a total value of $286,110.00. Following the completion of the sale, the director now directly owns 19,825 shares of the company’s stock, valued at approximately $1,260,473.50. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bamco Inc. NY lifted its holdings 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 last quarter. Wells Fargo & Company MN lifted its holdings 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 last quarter. BlackRock Inc. lifted its holdings in 2U by 12.5% during the 4th quarter. BlackRock Inc. now owns 3,184,359 shares of the software maker’s stock valued at $205,423,000 after purchasing an additional 353,767 shares during the last quarter. Stephens Investment Management Group LLC acquired a new stake in 2U during the 3rd quarter valued at $19,586,000. Finally, Bank of New York Mellon Corp lifted its holdings in 2U by 32.7% during the 4th quarter. Bank of New York Mellon Corp now owns 743,018 shares of the software maker’s stock valued at $47,933,000 after purchasing an additional 183,113 shares during the last quarter.
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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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