2U Inc. (TWOU) Insider James Kenigsberg Sells 5,468 Shares
2U Inc. (NASDAQ:TWOU) insider James Kenigsberg sold 5,468 shares of the stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $36.58, for a total value of $200,019.44. Following the sale, the insider now owns 58,654 shares of the company’s stock, valued at approximately $2,145,563.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
2U Inc. (NASDAQ:TWOU) opened at 37.92 on Wednesday. 2U Inc. has a 1-year low of $14.94 and a 1-year high of $37.94. The firm’s market capitalization is $1.78 billion. The stock has a 50 day moving average of $35.45 and a 200-day moving average of $30.04.
2U (NASDAQ:TWOU) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. 2U had a negative net margin of 13.20% and a negative return on equity of 11.97%. The firm had revenue of $49.10 million for the quarter, compared to analysts’ expectations of $48.50 million. During the same period last year, the firm earned ($0.14) earnings per share. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. On average, equities research analysts anticipate that 2U Inc. will post ($0.16) earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in TWOU. Legal & General Group Plc boosted its position in shares of 2U by 5.1% in the second quarter. Legal & General Group Plc now owns 4,787 shares of the company’s stock worth $140,000 after buying an additional 233 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of 2U by 43.6% in the second quarter. Teacher Retirement System of Texas now owns 4,831 shares of the company’s stock worth $142,000 after buying an additional 1,467 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of 2U by 10.2% in the second quarter. First Mercantile Trust Co. now owns 30,933 shares of the company’s stock worth $909,000 after buying an additional 2,875 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of 2U by 24.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 15,695 shares of the company’s stock worth $462,000 after buying an additional 3,035 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in shares of 2U by 29.5% in the second quarter. Blair William & Co. IL now owns 13,510 shares of the company’s stock worth $397,000 after buying an additional 3,080 shares during the last quarter.
TWOU has been the subject of a number of recent research reports. Zacks Investment Research upgraded 2U from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, August 11th. Pacific Crest reiterated a “buy” rating and set a $38.00 price objective on shares of 2U in a research report on Friday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of 2U in a research note on Thursday, July 28th. Credit Suisse Group AG reissued a “buy” rating on shares of 2U in a research note on Monday, August 1st. Finally, Compass Point boosted their target price on shares of 2U from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Eleven analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $39.22.
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 an online learning environment, Online Campus, which acts as the hub for student and faculty academic and social interaction, and operations applications.
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