2U (NASDAQ:TWOU) issued its quarterly earnings data on Tuesday. The software maker reported ($0.41) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.09, Bloomberg Earnings reports. 2U had a negative net margin of 35.28% and a negative return on equity of 12.01%. The firm had revenue of $153.80 million for the quarter, compared to analysts’ expectations of $149.84 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. The company’s quarterly revenue was up 43.7% compared to the same quarter last year.
Shares of TWOU traded up $0.40 during midday trading on Friday, reaching $22.63. The stock had a trading volume of 53,309 shares, compared to its average volume of 1,553,807. The firm has a 50 day simple moving average of $17.83 and a 200-day simple moving average of $28.58. 2U has a one year low of $11.37 and a one year high of $80.49. The firm has a market cap of $1.44 billion, a PE ratio of -35.81 and a beta of 0.46. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.35.
A number of brokerages have recently issued reports on TWOU. ValuEngine lowered shares of 2U from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Robert W. Baird lowered shares of 2U from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $58.00 to $29.00 in a research report on Wednesday, July 31st. DA Davidson upped their target price on shares of 2U from $17.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday. KeyCorp reduced their target price on shares of 2U from $37.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Finally, BidaskClub upgraded shares of 2U from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $43.79.
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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