2U Inc. (TWOU) Lowered to “Hold” at Zacks Investment Research
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 analysts have also issued reports on the stock. Pacific Crest reiterated a buy rating and issued a $38.00 target price on shares of 2U in a research note on Friday, August 5th. Needham & Company LLC restated a buy rating and set a $40.00 price target on shares of 2U in a research report on Thursday, July 28th. Credit Suisse Group AG restated a buy rating on shares of 2U in a research report on Monday, August 1st. Compass Point increased their price target on shares of 2U from $36.00 to $40.00 and gave the company a buy rating in a research report on Friday, August 5th. Finally, BMO Capital Markets restated a buy rating and set a $42.00 price target on shares of 2U in a research report on Friday, August 5th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. 2U presently has an average rating of Buy and a consensus price target of $39.22.
Shares of 2U (NASDAQ:TWOU) traded down 1.755% during trading on Thursday, hitting $35.555. 122,303 shares of the stock traded hands. The stock has a 50-day moving average of $35.94 and a 200 day moving average of $30.67. 2U has a 1-year low of $14.94 and a 1-year high of $38.91. The company’s market cap is $1.67 billion.
2U (NASDAQ:TWOU) last posted its earnings results on Thursday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 earned $49.10 million during the quarter, compared to analyst estimates of $48.50 million. During the same quarter in the prior year, the business posted ($0.14) EPS. The business’s revenue was up 39.3% compared to the same quarter last year. On average, equities research analysts predict that 2U will post ($0.16) EPS for the current fiscal year.
In related news, Director Timothy M. Haley sold 82,927 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $33.46, for a total value of $2,774,737.42. Following the sale, the director now directly owns 13,801 shares of the company’s stock, valued at $461,781.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward S. Macias bought 714 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was bought at an average cost of $35.43 per share, for a total transaction of $25,297.02. Following the completion of the purchase, the director now directly owns 16,748 shares of the company’s stock, valued at $593,381.64. The disclosure for this purchase can be found here. 20.90% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its stake in shares of 2U by 95.0% in the third quarter. BNP Paribas Arbitrage SA now owns 3,465 shares of the company’s stock worth $133,000 after buying an additional 1,688 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of 2U during the second quarter worth $2,135,000. Schwab Charles Investment Management Inc. increased its stake in shares of 2U by 24.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 123,459 shares of the company’s stock worth $3,631,000 after buying an additional 24,172 shares in the last quarter. Legal & General Group Plc increased its stake 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 in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of 2U by 31.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 26,843 shares of the company’s stock worth $789,000 after buying an additional 6,378 shares in the last quarter.
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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