John M. Larson Sells 45,000 Shares of 2U Inc. (TWOU) Stock
2U Inc. (NASDAQ:TWOU) Director John M. Larson sold 45,000 shares of 2U stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $34.50, for a total transaction of $1,552,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of 2U Inc. (NASDAQ:TWOU) opened at 35.90 on Friday. The stock’s market cap is $1.69 billion. 2U Inc. has a 1-year low of $14.94 and a 1-year high of $38.91. The company’s 50-day moving average is $35.14 and its 200 day moving average is $32.81.
2U (NASDAQ:TWOU) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. 2U had a negative net margin of 11.41% and a negative return on equity of 11.24%. The business had revenue of $52 million for the quarter, compared to analyst estimates of $50.27 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The firm’s revenue was up 40.2% compared to the same quarter last year. Equities research analysts anticipate that 2U Inc. will post ($0.12) EPS for the current year.
A number of brokerages have weighed in on TWOU. Barrington Research lifted their price target on shares of 2U from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 5th. BMO Capital Markets reiterated a “buy” rating and issued a $42.00 price target on shares of 2U in a report on Friday, August 5th. Pacific Crest reiterated a “buy” rating and issued a $38.00 price target on shares of 2U in a report on Friday, August 5th. Compass Point lifted their price target on shares of 2U from $36.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 5th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of 2U in a report on Monday, August 1st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.25.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. raised its position in 2U by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 730,362 shares of the company’s stock valued at $16,506,000 after buying an additional 3,768 shares in the last quarter. Barclays PLC bought a new position in 2U during the first quarter valued at $504,000. First Republic Investment Management Inc. raised its position in 2U by 58.6% in the first quarter. First Republic Investment Management Inc. now owns 220,873 shares of the company’s stock valued at $4,991,000 after buying an additional 81,652 shares in the last quarter. Alpha Windward LLC bought a new position in 2U during the second quarter valued at $441,000. Finally, Hamilton Lane Advisors LLC raised its position in 2U by 151.3% in the second quarter. Hamilton Lane Advisors LLC now owns 55,426 shares of the company’s stock valued at $1,543,000 after buying an additional 33,370 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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