2U, Inc. (NASDAQ:TWOU) reached a new 52-week high during trading on Thursday . The stock traded as high as $59.24 and last traded at $59.11, with a volume of 107,990 shares changing hands. The stock had previously closed at $58.20.

TWOU has been the topic of several recent research reports. BidaskClub raised shares of 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Zacks Investment Research raised shares of 2U from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Thursday, July 6th. KeyCorp reaffirmed an “overweight” rating and set a $50.00 price objective on shares of 2U in a report on Monday, July 10th. Citigroup Inc. initiated coverage on shares of 2U in a report on Tuesday, July 18th. They set a “buy” rating and a $57.00 price objective on the stock. Finally, Needham & Company LLC upped their price objective on shares of 2U from $54.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.27.

The stock’s market cap is $2.85 billion. The stock has a 50 day moving average price of $52.13 and a 200 day moving average price of $46.44.

In related news, Director John M. Larson sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $46.79, for a total transaction of $7,018,500.00. Following the completion of the transaction, the director now directly owns 16,065 shares in the company, valued at approximately $751,681.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $52.90, for a total value of $238,050.00. Following the transaction, the director now owns 19,825 shares of the company’s stock, valued at $1,048,742.50. The disclosure for this sale can be found here. Insiders own 8.40% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC grew its stake in shares of 2U by 64.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock valued at $64,684,000 after acquiring an additional 538,487 shares during the period. Verition Fund Management LLC bought a new position in shares of 2U during the 2nd quarter valued at approximately $332,000. Ameritas Investment Partners Inc. grew its stake in shares of 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 acquiring an additional 677 shares during the period. California State Teachers Retirement System grew its stake in shares of 2U by 7.4% during the 2nd quarter. California State Teachers Retirement System now owns 77,583 shares of the software maker’s stock valued at $3,640,000 after acquiring an additional 5,373 shares during the period. Finally, Bank of Nova Scotia bought a new position in shares of 2U during the 2nd quarter valued at approximately $1,441,000.

COPYRIGHT VIOLATION WARNING: “2U, Inc. (TWOU) Sets New 1-Year High at $59.24” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/2u-inc-twou-sets-new-1-year-high-at-59-24/1610528.html.

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.

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.