2U (NASDAQ:TWOU) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of 2U (NASDAQ:TWOU) in a report published on Friday morning, Benzinga reports.

A number of other analysts have also recently commented on TWOU. Morgan Stanley lowered their price target on 2U from $2.00 to $1.00 and set an equal weight rating for the company in a research report on Tuesday, February 13th. StockNews.com initiated coverage on 2U in a research report on Friday, April 26th. They issued a hold rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $4.31.

2U Stock Performance

Shares of NASDAQ:TWOU opened at $0.34 on Friday. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $28.61 million, a P/E ratio of -0.09 and a beta of 0.93. The business’s 50-day moving average is $0.35 and its 200 day moving average is $0.89. 2U has a 1 year low of $0.23 and a 1 year high of $4.81.

2U (NASDAQ:TWOU) last released its earnings results on Monday, February 12th. The software maker reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). 2U had a negative return on equity of 10.90% and a negative net margin of 35.13%. The company had revenue of $255.66 million during the quarter, compared to analyst estimates of $275.84 million. On average, research analysts predict that 2U will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 2U

Hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC boosted its holdings in 2U by 76.1% during the first quarter. Los Angeles Capital Management LLC now owns 627,394 shares of the software maker’s stock worth $244,000 after buying an additional 271,133 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of 2U by 49.0% during the 4th quarter. BNP Paribas Financial Markets now owns 1,331,482 shares of the software maker’s stock worth $1,638,000 after acquiring an additional 438,007 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of 2U during the 4th quarter valued at about $399,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 2U by 6.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,251 shares of the software maker’s stock valued at $1,029,000 after purchasing an additional 50,366 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in 2U in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 80.53% of the company’s stock.

About 2U

2U, Inc operates as an online education platform 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.