2U (TWOU) Raised to “Buy” at Zacks Investment Research
2U (NASDAQ:TWOU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage presently has a $71.00 price target on the software maker’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 2.42% from the company’s current price.
According to Zacks, “2U, Inc. is an education technology company. It is a provider of cloud-based software-as-a-service (SaaS) solutions that enables nonprofit colleges and universities to deliver their education to students anywhere. The Company offers graduate and undergraduate degree programs in social work, science, public administration, healthcare, laws, education, and business administration. It also offers a suite of technology-enabled services including content development, student acquisition, and state authorization services, as well as application advising, student and faculty support, and in-program student field placements. 2U, Inc. is based in Landover, Maryland. “
Several other research analysts also recently commented on the company. Oppenheimer increased their price objective on 2U from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. BMO Capital Markets reissued a “buy” rating and issued a $68.00 price objective on shares of 2U in a research note on Wednesday, October 25th. Citigroup increased their price objective on 2U from $57.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Compass Point reissued a “buy” rating and issued a $70.00 price objective (up from $62.00) on shares of 2U in a research note on Monday, October 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $66.00 price objective (up from $62.00) on shares of 2U in a research note on Friday, October 6th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. 2U has an average rating of “Buy” and a consensus target price of $71.36.
2U (TWOU) opened at $69.32 on Friday. 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 firm has a market capitalization of $3,570.00, a P/E ratio of -103.46 and a beta of -0.20. 2U has a 52 week low of $32.77 and a 52 week high of $69.47.
2U (NASDAQ:TWOU) last announced its earnings results on Tuesday, November 7th. The software maker reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The business had revenue of $70.25 million during the quarter, compared to the consensus estimate of $69.36 million. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) EPS. research analysts anticipate that 2U will post -0.6 earnings per share for the current year.
In other 2U news, CMO Harsha Mokkarala sold 22,658 shares of the company’s stock in a transaction on Friday, November 10th. The stock was 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 directly owns 47,869 shares in the company, valued at approximately $3,027,714.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christopher J. Paucek sold 145,220 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $63.83, for a total value of $9,269,392.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,923 shares of company stock valued at $11,588,620. 8.40% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 holdings 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. Teacher Retirement System of Texas purchased a new stake in 2U in the 3rd quarter valued at $238,000. Advisor Group Inc. grew its holdings 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. Finally, Prudential Financial Inc. purchased a new stake in 2U in the 2nd quarter valued at $222,000.
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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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