2U (TWOU) Price Target Increased to $91.00 by Analysts at Oppenheimer
2U (NASDAQ:TWOU) had its target price upped by Oppenheimer from $77.00 to $91.00 in a research note issued to investors on Tuesday morning. Oppenheimer currently has an outperform rating on the software maker’s stock. Oppenheimer also issued estimates for 2U’s Q1 2018 earnings at ($0.28) EPS, Q2 2018 earnings at ($0.39) EPS, Q3 2018 earnings at ($0.16) EPS, Q4 2018 earnings at $0.00 EPS, FY2018 earnings at ($0.82) EPS, Q1 2019 earnings at ($0.25) EPS, Q2 2019 earnings at ($0.31) EPS, Q3 2019 earnings at ($0.22) EPS, Q4 2019 earnings at ($0.05) EPS and FY2019 earnings at ($0.83) EPS.
Several other equities analysts also recently weighed in on TWOU. Robert W. Baird reiterated an outperform rating and issued a $90.00 target price (up previously from $70.00) on shares of 2U in a research note on Tuesday. Needham & Company LLC boosted their price objective on shares of 2U to $90.00 and gave the company a buy rating in a research note on Tuesday. KeyCorp reaffirmed an overweight rating and set a $90.00 price objective (up previously from $83.00) on shares of 2U in a research note on Tuesday. Credit Suisse Group reaffirmed an outperform rating and set a $87.00 price objective (up previously from $70.00) on shares of 2U in a research note on Tuesday. Finally, BMO Capital Markets boosted their price objective on shares of 2U from $74.00 to $87.00 and gave the company an outperform rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $83.55.
2U (TWOU) opened at $85.89 on Tuesday. The firm has a market cap of $4,363.81, a PE ratio of -140.80 and a beta of -0.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.48 and a quick ratio of 3.48. 2U has a 12 month low of $36.18 and a 12 month high of $86.73.
In related news, Director Paul A. Maeder purchased 67,830 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was acquired at an average price of $61.45 per share, with a total value of $4,168,153.50. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction that occurred on 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 transaction, 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. 8.40% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. We Are One Seven LLC purchased a new position in 2U in the 4th quarter worth approximately $167,000. 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 worth $180,000 after buying an additional 677 shares in the last quarter. Kovack Advisors Inc. purchased a new position in 2U in the 4th quarter worth approximately $204,000. Oppenheimer & Co. Inc. purchased a new position in 2U in the 4th quarter worth approximately $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 2U by 37.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,596 shares of the software maker’s stock worth $232,000 after buying an additional 974 shares in the last quarter.
TRADEMARK VIOLATION WARNING: “2U (TWOU) Price Target Increased to $91.00 by Analysts at Oppenheimer” was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.watchlistnews.com/2u-twou-price-target-increased-to-91-00-by-analysts-at-oppenheimer/1904090.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U and related companies with MarketBeat.com's FREE daily email newsletter.