Shares of 2U Inc (NASDAQ:TWOU) have received an average rating of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $71.22.

Several equities research analysts recently issued reports on the stock. Macquarie assumed coverage on shares of 2U in a research note on Thursday, December 7th. They set an “outperform” rating and a $71.00 price target on the stock. KeyCorp assumed coverage on shares of 2U in a research note on Monday, November 20th. They set an “overweight” rating on the stock. Citigroup lifted their price target on shares of 2U from $57.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price target on shares of 2U in a research note on Friday, November 10th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $70.00 price target on shares of 2U in a research note on Wednesday, November 8th.

In other news, CMO Harsha Mokkarala sold 22,658 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $63.25, for a total value of $1,433,118.50. Following the completion of the sale, the chief marketing officer now owns 47,869 shares of the company’s stock, valued at approximately $3,027,714.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $63.58, for a total transaction of $286,110.00. Following the completion of the sale, the director now directly owns 19,825 shares of the company’s stock, valued at approximately $1,260,473.50. The disclosure for this sale can be found here. Insiders sold a total of 172,378 shares of company stock valued at $10,988,621 in the last three months. Insiders own 8.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 2U by 182.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock worth $123,000 after purchasing an additional 1,693 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of 2U by 21.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock valued at $180,000 after buying an additional 677 shares during the period. Advisor Group Inc. boosted its holdings in shares of 2U by 41.5% in the 2nd quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after buying an additional 1,313 shares during the period. Prudential Financial Inc. acquired a new position in shares of 2U in the 2nd quarter valued at about $222,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of 2U in the 2nd quarter valued at about $235,000.

2U (TWOU) traded down $2.39 during trading on Friday, reaching $64.36. 250,577 shares of the company traded hands, compared to its average volume of 419,341. 2U has a 12-month low of $29.23 and a 12-month high of $69.27. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.05.

2U (NASDAQ:TWOU) last released its quarterly 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. 2U had a negative net margin of 12.49% and a negative return on equity of 13.02%. The firm had revenue of $70.25 million for the quarter, compared to the consensus estimate of $69.36 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. equities analysts expect that 2U will post -0.6 EPS for the current fiscal year.

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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.

Analyst Recommendations for 2U (NASDAQ:TWOU)

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