2U Inc (TWOU) Receives Consensus Recommendation of “Buy” from Analysts
2U Inc (NASDAQ:TWOU) has been assigned an average recommendation of “Buy” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $71.63.
TWOU has been the subject of several analyst reports. Compass Point reiterated a “buy” rating and issued a $70.00 price objective (up previously from $62.00) on shares of 2U in a research note on Monday, October 9th. Oppenheimer restated a “buy” rating and set a $65.00 price target (up previously from $55.00) on shares of 2U in a research note on Friday, October 6th. Needham & Company LLC restated a “buy” rating and set a $66.00 price target (up previously from $62.00) on shares of 2U in a research note on Friday, October 6th. Robert W. Baird restated a “buy” rating and set a $66.00 price target (up previously from $59.00) on shares of 2U in a research note on Friday, October 6th. Finally, BMO Capital Markets restated a “buy” rating and set a $68.00 price target on shares of 2U in a research note on Wednesday, October 25th.
In other 2U news, Director Paul A. Maeder acquired 67,830 shares of 2U stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average cost of $61.45 per share, for a total transaction of $4,168,153.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James Kenigsberg sold 9,545 shares of 2U stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $62.86, for a total transaction of $599,998.70. The disclosure for this sale can be found here. Insiders sold a total of 181,923 shares of company stock valued at $11,588,620 over the last quarter. 8.40% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in TWOU. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 2U by 182.2% in 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% 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 in the last quarter. Advisor Group Inc. grew its stake in 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 in the last quarter. Prudential Financial Inc. purchased a new position in 2U in the 2nd quarter valued at approximately $222,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in 2U in the 2nd quarter valued at approximately $235,000.
2U (NASDAQ TWOU) traded up $1.54 during trading hours on Tuesday, reaching $64.90. 274,529 shares of the company’s stock traded hands, compared to its average volume of 315,550. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.48 and a current ratio of 3.48. The stock has a market cap of $3,340.00, a price-to-earnings ratio of -96.87 and a beta of -0.20. 2U has a 52-week low of $32.77 and a 52-week high of $69.27.
2U (NASDAQ:TWOU) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The firm had revenue of $70.25 million during 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%. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS. analysts expect that 2U will post -0.6 earnings per share for the current 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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