DA Davidson set a $80.00 price target on 2U (NASDAQ:TWOU) in a report released on Tuesday, The Fly reports. The firm currently has a buy rating on the software maker’s stock.
A number of other research analysts have also recently commented on TWOU. BidaskClub cut shares of 2U from a hold rating to a sell rating in a research report on Wednesday, August 1st. ValuEngine upgraded shares of 2U from a buy rating to a strong-buy rating in a research report on Thursday, August 2nd. Barrington Research reiterated a buy rating and set a $100.00 price target on shares of 2U in a research report on Friday, August 3rd. Piper Jaffray Companies started coverage on shares of 2U in a research report on Thursday, September 6th. They set a neutral rating and a $94.00 price target on the stock. Finally, Needham & Company LLC started coverage on shares of 2U in a research report on Tuesday, October 23rd. They set a buy rating and a $80.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $80.08.
NASDAQ TWOU traded down $0.82 on Tuesday, reaching $54.21. 632,754 shares of the company’s stock traded hands, compared to its average volume of 937,718. 2U has a 12 month low of $49.72 and a 12 month high of $98.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.31 and a quick ratio of 5.71. The stock has a market capitalization of $3.27 billion, a P/E ratio of -100.39 and a beta of 0.34.
2U (NASDAQ:TWOU) last issued its quarterly earnings results on Monday, November 5th. The software maker reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. 2U had a negative net margin of 11.13% and a negative return on equity of 7.51%. The business had revenue of $106.96 million for the quarter, compared to analysts’ expectations of $106.49 million. During the same period last year, the business earned ($0.15) earnings per share. The business’s quarterly revenue was up 52.3% on a year-over-year basis. As a group, equities analysts expect that 2U will post -0.67 earnings per share for the current fiscal year.
In other news, COO Mark Chernis sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $84.04, for a total transaction of $840,400.00. Following the completion of the sale, the chief operating officer now owns 43,602 shares of the company’s stock, valued at $3,664,312.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Paucek sold 75,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $84.42, for a total value of $6,331,500.00. Following the sale, the chief executive officer now directly owns 605,191 shares of the company’s stock, valued at approximately $51,090,224.22. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its stake in shares of 2U by 27.7% during the third quarter. Canada Pension Plan Investment Board now owns 61,300 shares of the software maker’s stock valued at $4,609,000 after purchasing an additional 13,300 shares during the period. FMR LLC boosted its stake in shares of 2U by 7.6% during the third quarter. FMR LLC now owns 5,323,346 shares of the software maker’s stock valued at $400,263,000 after purchasing an additional 374,160 shares during the period. FIL Ltd lifted its stake in 2U by 13.0% in the third quarter. FIL Ltd now owns 1,127,088 shares of the software maker’s stock worth $84,746,000 after acquiring an additional 129,705 shares during the period. BlackRock Inc. lifted its stake in 2U by 4.1% in the third quarter. BlackRock Inc. now owns 2,481,041 shares of the software maker’s stock worth $186,550,000 after acquiring an additional 98,822 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in 2U by 4.2% in the third quarter. PNC Financial Services Group Inc. now owns 35,429 shares of the software maker’s stock worth $2,665,000 after acquiring an additional 1,426 shares during the period.
2U Company Profile
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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