2U (TWOU) Earns Media Impact Score of 0.21
Media stories about 2U (NASDAQ:TWOU) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. 2U earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.1504066790987 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of 2U (NASDAQ TWOU) traded up $0.63 during mid-day trading on Friday, hitting $63.89. The stock had a trading volume of 265,634 shares, compared to its average volume of 375,055. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.08. 2U has a fifty-two week low of $29.23 and a fifty-two week high of $64.23.
A number of analysts have commented on the company. BidaskClub cut 2U from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $56.00 price target (up previously from $54.00) on shares of 2U in a research report on Thursday, August 10th. Credit Suisse Group lifted their price target on 2U from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Barrington Research lifted their price target on 2U to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Finally, Citigroup Inc. assumed coverage on 2U in a research report on Tuesday, July 18th. They set a “buy” rating and a $57.00 price target for the company. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $59.00.
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In related news, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total value of $238,050.00. Following the completion of the transaction, the director now owns 19,825 shares of the company’s stock, valued at approximately $1,048,742.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John M. Larson sold 150,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the transaction, the director now directly owns 16,065 shares of the company’s stock, valued at approximately $751,681.35. The disclosure for this sale can be found here. Insiders own 8.40% of the company’s stock.
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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