2U Inc (TWOU) Receives $71.22 Average PT from Analysts
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.
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.
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