2U, Inc. (TWOU) Position Cut by EAM Investors LLC
EAM Investors LLC reduced its holdings in shares of 2U, Inc. (NASDAQ:TWOU) by 37.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,831 shares of the software maker’s stock after selling 24,540 shares during the period. EAM Investors LLC owned approximately 0.08% of 2U worth $2,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 2U by 182.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after buying an additional 1,693 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in 2U by 21.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock valued at $180,000 after purchasing an additional 677 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in 2U during the 3rd quarter valued at about $238,000. Advisor Group Inc. grew its stake in 2U by 41.5% during the 2nd quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after purchasing an additional 1,313 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in 2U during the 2nd quarter valued at about $222,000.
TWOU has been the topic of several research analyst reports. Needham & Company LLC boosted their price target on 2U from $54.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Robert W. Baird boosted their price target on 2U from $49.00 to $59.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. Oppenheimer Holdings, Inc. boosted their price target on 2U from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. Credit Suisse Group upped their target price on 2U from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. Finally, Barrington Research upped their target price on 2U to $56.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $69.50.
In other 2U news, Director John M. Larson sold 150,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $46.79, for a total value of $7,018,500.00. Following the sale, the director now directly owns 16,065 shares in the company, valued at $751,681.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher J. Paucek sold 145,220 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $63.83, for a total value of $9,269,392.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 322,378 shares of company stock valued at $17,959,061. Company insiders own 8.40% of the company’s stock.
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Shares of 2U, Inc. (NASDAQ:TWOU) traded down $0.23 during trading on Thursday, hitting $66.76. The company’s stock had a trading volume of 296,827 shares, compared to its average volume of 410,153. 2U, Inc. has a fifty-two week low of $29.23 and a fifty-two week high of $68.06. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.05.
2U (NASDAQ:TWOU) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.01. The company had revenue of $70.25 million during the quarter, compared to analyst estimates of $69.36 million. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.06) earnings per share. equities research analysts anticipate that 2U, Inc. will post -0.62 EPS for the current fiscal year.
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.
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