2U (NASDAQ:TWOU) Now Covered by Analysts at William Blair

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William Blair initiated coverage on shares of 2U (NASDAQ:TWOU) in a research note released on Monday, Briefing.com Automated Import reports. The brokerage issued a market perform rating on the software maker’s stock.

Other equities research analysts have also recently issued research reports about the stock. Macquarie cut shares of 2U from an outperform rating to a neutral rating and set a $29.00 target price on the stock. in a research note on Wednesday, July 31st. Zacks Investment Research cut shares of 2U from a hold rating to a sell rating in a research note on Thursday, August 8th. BMO Capital Markets cut shares of 2U from an outperform rating to a market perform rating and lowered their target price for the stock from $45.00 to $25.00 in a research note on Wednesday, July 31st. TheStreet cut shares of 2U from a c- rating to a d rating in a research note on Tuesday, May 21st. Finally, Oppenheimer cut shares of 2U from an outperform rating to a market perform rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $47.00.

Shares of NASDAQ TWOU opened at $16.59 on Monday. The firm has a market cap of $948.76 million, a PE ratio of -26.33 and a beta of 0.83. The firm has a fifty day moving average of $30.58 and a 200 day moving average of $49.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.19 and a current ratio of 2.19. 2U has a one year low of $11.37 and a one year high of $90.31.

2U (NASDAQ:TWOU) last announced its earnings results on Tuesday, July 30th. The software maker reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.16. 2U had a negative net margin of 11.39% and a negative return on equity of 7.63%. The company had revenue of $135.50 million for the quarter, compared to analysts’ expectations of $124.38 million. During the same quarter in the previous year, the company posted ($0.19) EPS. The firm’s quarterly revenue was up 39.1% on a year-over-year basis. On average, equities analysts predict that 2U will post -2.1 EPS for the current fiscal year.

In other news, Director John M. Larson purchased 50,000 shares of the stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $15.10 per share, with a total value of $755,000.00. Following the transaction, the director now owns 69,416 shares in the company, valued at approximately $1,048,181.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James Kenigsberg sold 7,353 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $38.91, for a total transaction of $286,105.23. Following the transaction, the insider now directly owns 142,341 shares in the company, valued at approximately $5,538,488.31. The disclosure for this sale can be found here. Insiders own 4.92% of the company’s stock.

Several hedge funds have recently made changes to their positions in TWOU. Daiwa Securities Group Inc. acquired a new position in shares of 2U during the 2nd quarter valued at about $33,000. Cubist Systematic Strategies LLC purchased a new stake in 2U in the 2nd quarter valued at about $49,000. Meridian Wealth Management LLC purchased a new stake in 2U in the 1st quarter valued at about $50,000. Icon Wealth Partners LLC purchased a new stake in 2U in the 1st quarter valued at about $55,000. Finally, BNP Paribas Arbitrage SA raised its holdings in 2U by 27.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,596 shares of the software maker’s stock valued at $60,000 after buying an additional 347 shares during the period.

About 2U

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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