2U’s (TWOU) “Outperform” Rating Reaffirmed at Credit Suisse Group
Credit Suisse Group reissued their outperform rating on shares of 2U, Inc. (NASDAQ:TWOU) in a research report report published on Wednesday. They currently have a $70.00 price target on the software maker’s stock, up from their prior price target of $64.00.
Several other equities analysts have also recently issued reports on the company. Citigroup Inc. initiated coverage on 2U in a research note on Tuesday, July 18th. They issued a buy rating and a $57.00 price objective for the company. Needham & Company LLC reiterated a buy rating and issued a $66.00 price objective (up previously from $62.00) on shares of 2U in a research note on Friday, October 6th. Zacks Investment Research cut 2U from a buy rating to a hold rating in a research note on Thursday, July 13th. BidaskClub upgraded 2U from a buy rating to a strong-buy rating in a research note on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. restated a buy rating and set a $65.00 target price (up previously from $55.00) on shares of 2U in a research note on Friday, October 6th. One investment 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 stock. The company currently has an average rating of Buy and a consensus price target of $62.73.
2U (NASDAQ TWOU) traded up $0.08 during midday trading on Wednesday, reaching $63.53. The company’s stock had a trading volume of 231,500 shares, compared to its average volume of 386,143. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.48 and a quick ratio of 3.28. 2U has a 52 week low of $29.23 and a 52 week high of $65.90.
2U (NASDAQ:TWOU) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.01. The business had revenue of $70.25 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. sell-side analysts forecast that 2U will post -0.62 earnings per share for the current fiscal year.
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In other news, Director John M. Larson sold 150,000 shares of the 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 sale, the director now owns 16,065 shares in the company, valued at $751,681.35. The transaction 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 stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $52.90, for a total value of $238,050.00. Following the completion of the sale, the director now owns 19,825 shares of the company’s stock, valued at approximately $1,048,742.50. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of TWOU. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 2U by 182.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after purchasing an additional 1,693 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in 2U by 21.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock valued at $180,000 after purchasing an additional 677 shares during the last quarter. Rehmann Capital Advisory Group purchased a new position in 2U in the second quarter valued at about $204,000. Principal Financial Group Inc. purchased a new position in 2U in the first quarter valued at about $208,000. Finally, Advisor Group Inc. boosted its holdings in 2U by 41.5% in the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after purchasing an additional 1,313 shares during the last quarter. Institutional investors and hedge funds own 99.38% 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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