2U (NASDAQ:TWOU) Price Target Raised to $24.00

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2U (NASDAQ:TWOU) had its price objective hoisted by BMO Capital Markets from $20.00 to $24.00 in a research note published on Wednesday morning, The Fly reports. The brokerage currently has a market perform rating on the software maker’s stock.

TWOU has been the subject of a number of other reports. Citigroup assumed coverage on shares of 2U in a research report on Thursday, August 8th. They issued a buy rating and a $20.00 target price for the company. ValuEngine cut shares of 2U from a hold rating to a sell rating in a research report on Thursday, August 1st. DA Davidson reduced their target price on shares of 2U from $27.00 to $17.00 and set a neutral rating for the company in a research report on Thursday, October 17th. Macquarie cut shares of 2U from an outperform rating to a neutral rating and set a $29.00 target price for the company. in a research report on Wednesday, July 31st. Finally, Robert W. Baird cut shares of 2U from an outperform rating to a neutral rating and reduced their target price for the company from $58.00 to $29.00 in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $39.85.

Shares of TWOU stock traded up $0.46 during trading hours on Wednesday, hitting $22.69. The company’s stock had a trading volume of 1,095,900 shares, compared to its average volume of 1,835,554. The company has a 50 day moving average of $17.96 and a 200 day moving average of $28.39. The stock has a market cap of $1.41 billion, a PE ratio of -36.02 and a beta of 0.46. The company has a current ratio of 1.79, a quick ratio of 2.19 and a debt-to-equity ratio of 0.42. 2U has a 12-month low of $11.37 and a 12-month high of $80.49.

2U (NASDAQ:TWOU) last issued its earnings results on Tuesday, November 12th. The software maker reported ($0.41) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.09. The business had revenue of $153.80 million during the quarter, compared to analysts’ expectations of $149.84 million. 2U had a negative net margin of 35.28% and a negative return on equity of 12.09%. The company’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. As a group, analysts anticipate that 2U will post -2.08 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in TWOU. Daiwa Securities Group Inc. purchased a new position in 2U during the second quarter worth about $33,000. Cubist Systematic Strategies LLC purchased a new position in 2U during the second quarter worth about $49,000. BNP Paribas Arbitrage SA boosted its stake in 2U by 27.8% during the second quarter. BNP Paribas Arbitrage SA now owns 1,596 shares of the software maker’s stock worth $60,000 after buying an additional 347 shares during the period. Pearl River Capital LLC purchased a new position in 2U during the second quarter worth about $62,000. Finally, NEXT Financial Group Inc boosted its stake in 2U by 39.5% during the second quarter. NEXT Financial Group Inc now owns 1,679 shares of the software maker’s stock worth $64,000 after buying an additional 475 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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