2U (NASDAQ:TWOU) Receives New Coverage from Analysts at Credit Suisse Group

Credit Suisse Group started coverage on shares of 2U (NASDAQ:TWOUGet Rating) in a research note issued to investors on Monday morning, MarketBeat reports. The brokerage issued a neutral rating and a $8.00 target price on the software maker’s stock.

A number of other equities analysts have also weighed in on the stock. Macquarie lowered shares of 2U from an outperform rating to a neutral rating and set a $11.00 target price for the company. in a research note on Monday, July 25th. Barrington Research reduced their target price on shares of 2U to $9.00 in a research note on Tuesday, November 15th. StockNews.com lowered shares of 2U from a hold rating to a sell rating in a research note on Friday, November 11th. BMO Capital Markets increased their price objective on shares of 2U from $8.00 to $9.00 and gave the stock an outperform rating in a research note on Wednesday, November 9th. Finally, Citigroup reduced their price objective on shares of 2U from $40.00 to $19.00 in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, 2U has a consensus rating of Hold and a consensus price target of $13.95.

2U Price Performance

Shares of NASDAQ TWOU opened at $7.61 on Monday. The firm has a market cap of $595.18 million, a PE ratio of -1.54 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.88. 2U has a 1-year low of $4.70 and a 1-year high of $25.01. The company has a fifty day moving average price of $6.38 and a 200 day moving average price of $8.28.

Institutional Investors Weigh In On 2U

Several hedge funds have recently bought and sold shares of TWOU. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in 2U by 100.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,571,300 shares of the software maker’s stock valued at $9,821,000 after purchasing an additional 786,800 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in 2U in the 3rd quarter valued at about $4,320,000. Bank of New York Mellon Corp raised its holdings in 2U by 55.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,461,914 shares of the software maker’s stock valued at $19,415,000 after acquiring an additional 519,324 shares during the period. Nikko Asset Management Americas Inc. raised its holdings in 2U by 8.7% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 5,733,984 shares of the software maker’s stock valued at $74,542,000 after acquiring an additional 460,723 shares during the period. Finally, Vanguard Group Inc. raised its holdings in 2U by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,153,185 shares of the software maker’s stock valued at $44,707,000 after acquiring an additional 458,189 shares during the period.

2U Company Profile

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2U, Inc operates as an education technology company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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