2U, Inc. (NASDAQ:TWOU) – Stock analysts at Oppenheimer Holdings dropped their Q3 2017 EPS estimates for 2U in a note issued to investors on Tuesday. Oppenheimer Holdings analyst B. Schwartz now forecasts that the software maker will earn ($0.32) per share for the quarter, down from their prior estimate of ($0.21). Oppenheimer Holdings has a “Outperform” rating and a $55.00 price objective on the stock. Oppenheimer Holdings also issued estimates for 2U’s FY2017 earnings at ($0.67) EPS, Q1 2018 earnings at ($0.09) EPS, Q2 2018 earnings at ($0.22) EPS, Q3 2018 earnings at ($0.26) EPS, Q4 2018 earnings at ($0.15) EPS and FY2018 earnings at ($0.72) EPS.

Several other brokerages have also recently weighed in on TWOU. Needham & Company LLC raised their target price on shares of 2U from $54.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday. Credit Suisse Group raised their target price on shares of 2U from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday. Barrington Research raised their target price on shares of 2U to $56.00 and gave the company an “outperform” rating in a report on Tuesday. Robert W. Baird raised their target price on shares of 2U from $49.00 to $59.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Citigroup Inc. assumed coverage on shares of 2U in a report on Tuesday, July 18th. They issued a “buy” rating and a $57.00 target price on the stock. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.60.

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2U (NASDAQ TWOU) opened at 45.97 on Friday. 2U has a 12 month low of $29.23 and a 12 month high of $52.94. The stock’s market cap is $2.20 billion. The stock has a 50 day moving average of $48.52 and a 200-day moving average of $42.09.

In other 2U news, Director Timothy M. Haley sold 23,296 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $39.71, for a total value of $925,084.16. Following the transaction, the director now directly owns 23,454 shares in the company, valued at $931,358.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John M. Larson sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $41.42, for a total transaction of $1,863,900.00. The disclosure for this sale can be found here. Insiders sold 72,796 shares of company stock worth $2,987,524 over the last quarter. 8.40% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in TWOU. Suntrust Banks Inc. raised its position in shares of 2U by 1.2% in the first quarter. Suntrust Banks Inc. now owns 8,307 shares of the software maker’s stock valued at $329,000 after buying an additional 101 shares in the last quarter. US Bancorp DE raised its position in shares of 2U by 1.0% in the second quarter. US Bancorp DE now owns 17,354 shares of the software maker’s stock valued at $814,000 after buying an additional 169 shares in the last quarter. Blair William & Co. IL raised its position in shares of 2U by 6.0% in the second quarter. Blair William & Co. IL now owns 16,702 shares of the software maker’s stock valued at $784,000 after buying an additional 948 shares in the last quarter. Profund Advisors LLC raised its position in shares of 2U by 4.6% in the first quarter. Profund Advisors LLC now owns 24,680 shares of the software maker’s stock valued at $979,000 after buying an additional 1,095 shares in the last quarter. Finally, American International Group Inc. raised its position in shares of 2U by 7.1% in the first quarter. American International Group Inc. now owns 22,583 shares of the software maker’s stock valued at $896,000 after buying an additional 1,492 shares in the last quarter.

2U Company Profile

2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.

Earnings History and Estimates for 2U (NASDAQ:TWOU)

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