2U, Inc. (NASDAQ:TWOU) had its price objective increased by Citigroup Inc. from $57.00 to $80.00 in a research report report published on Monday. The brokerage currently has a buy rating on the software maker’s stock.

Several other research analysts have also issued reports on TWOU. Needham & Company LLC increased their target price on shares of 2U from $54.00 to $62.00 and gave the stock a buy rating in a research note on Tuesday, August 8th. Robert W. Baird increased their target price on shares of 2U from $49.00 to $59.00 and gave the stock an outperform rating in a research note on Tuesday, August 8th. Oppenheimer Holdings, Inc. increased their target price on shares of 2U from $50.00 to $55.00 and gave the stock an outperform rating in a research note on Tuesday, August 8th. Credit Suisse Group increased their target price on shares of 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 increased their target price on shares of 2U to $56.00 and gave the stock an outperform rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $69.50.

2U (TWOU) opened at $66.76 on Monday. 2U has a 12 month low of $29.23 and a 12 month 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 earnings results on Tuesday, November 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The business had revenue of $70.25 million for the quarter, compared to analyst estimates of $69.36 million. 2U had a negative net margin of 12.49% and a negative return on equity of 13.02%. 2U’s revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) earnings per share. sell-side analysts expect that 2U will post -0.62 earnings per share for the current year.

WARNING: “2U, Inc. (TWOU) Price Target Raised to $80.00” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/2u-inc-twou-price-target-raised-to-80-00/1721305.html.

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 shares were sold at an average price of $46.79, for a total value of $7,018,500.00. Following the transaction, the director now directly owns 16,065 shares of the company’s stock, valued at $751,681.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $52.90, for a total transaction of $238,050.00. Following the completion of the transaction, the director now directly owns 19,825 shares in the company, valued at $1,048,742.50. The disclosure for this sale can be found here. Insiders sold 322,378 shares of company stock worth $17,959,061 over the last ninety days. Insiders own 8.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 2U by 182.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after purchasing an additional 1,693 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of 2U by 21.4% in the second 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. Principal Financial Group Inc. purchased a new stake in shares of 2U in the first quarter valued at about $208,000. Advisor Group Inc. raised its holdings in shares of 2U by 41.5% in the second 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 shares of 2U in the second quarter valued at about $222,000.

About 2U

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.

Analyst Recommendations for 2U (NASDAQ:TWOU)

Receive News & Ratings for 2U Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.