2U’s (TWOU) “Buy” Rating Reaffirmed at Pacific Crest
A number of other equities research analysts have also commented on TWOU. Zacks Investment Research upgraded 2U from a hold rating to a buy rating and set a $39.00 price target on the stock in a research report on Thursday, August 11th. Credit Suisse Group AG reissued a buy rating on shares of 2U in a research note on Monday, August 1st. Needham & Company LLC reissued a buy rating and issued a $40.00 price objective on shares of 2U in a research note on Thursday, July 28th. Compass Point boosted their price objective on 2U from $36.00 to $40.00 and gave the company a buy rating in a research note on Friday, August 5th. Finally, BMO Capital Markets reissued a buy rating and issued a $42.00 price objective on shares of 2U in a research note on Friday, August 5th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $39.25.
Shares of 2U (NASDAQ:TWOU) traded up 3.09% during trading on Wednesday, hitting $36.00. The stock had a trading volume of 213,970 shares. The stock has a 50 day moving average price of $35.22 and a 200-day moving average price of $32.79. The stock’s market capitalization is $1694.20 billion. 2U has a one year low of $14.94 and a one year high of $38.91.
2U (NASDAQ:TWOU) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. 2U had a negative return on equity of 11.24% and a negative net margin of 11.41%. The firm earned $52 million during the quarter, compared to analysts’ expectations of $50.27 million. During the same period in the previous year, the firm earned ($0.12) EPS. The company’s quarterly revenue was up 40.2% compared to the same quarter last year. On average, equities research analysts predict that 2U will post ($0.12) earnings per share for the current year.
In other news, Director Timothy M. Haley sold 82,927 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $33.46, for a total transaction of $2,774,737.42. Following the transaction, 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 can be accessed through this link. Also, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $35.55, for a total value of $159,975.00. Following the transaction, the director now directly owns 16,918 shares in the company, valued at $601,434.90. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of TWOU. Suntrust Banks Inc. acquired a new stake in 2U during the second quarter valued at about $487,000. Roanoke Asset Management Corp NY boosted its stake in 2U by 26.1% in the second quarter. Roanoke Asset Management Corp NY now owns 126,000 shares of the company’s stock valued at $3,706,000 after buying an additional 26,115 shares during the last quarter. AGF Investments Inc. boosted its stake in 2U by 19.5% in the second quarter. AGF Investments Inc. now owns 184,167 shares of the company’s stock valued at $5,414,000 after buying an additional 30,000 shares during the last quarter. Riverbridge Partners LLC acquired a new stake in 2U during the second quarter valued at about $26,499,000. Finally, California State Teachers Retirement System boosted its stake in 2U by 38.1% in the second quarter. California State Teachers Retirement System now owns 76,910 shares of the company’s stock valued at $2,262,000 after buying an additional 21,220 shares during the last quarter.
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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