2U, Inc. (NASDAQ:TWOU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, July 13th.

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. “

Other equities analysts have also issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $49.00 target price (up previously from $43.00) on shares of 2U in a research report on Monday, April 10th. BidaskClub raised shares of 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. BMO Capital Markets boosted their target price on shares of 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. TheStreet raised shares of 2U from a “d” rating to a “c” rating in a research report on Monday, March 27th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $54.00 target price (up previously from $43.00) on shares of 2U in a research report on Tuesday, April 4th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. 2U has a consensus rating of “Buy” and a consensus target price of $54.00.

Shares of 2U (TWOU) opened at 49.99 on Thursday. The stock’s market capitalization is $2.38 billion. 2U has a 1-year low of $29.23 and a 1-year high of $52.94. The stock’s 50 day moving average is $48.14 and its 200 day moving average is $41.66.

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In other news, Director Timothy M. Haley sold 23,296 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $39.71, for a total value of $925,084.16. Following the sale, the director now owns 23,454 shares in the company, valued at approximately $931,358.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Larson sold 45,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $41.42, for a total transaction of $1,863,900.00. The disclosure for this sale can be found here. Insiders sold a total of 73,210 shares of company stock worth $3,004,564 in the last 90 days. 8.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TWOU. Vanguard Group Inc. increased its position in shares of 2U by 3.3% in the first quarter. Vanguard Group Inc. now owns 3,305,840 shares of the software maker’s stock valued at $131,109,000 after buying an additional 104,328 shares during the period. Wellington Management Group LLP increased its position in shares of 2U by 226.6% in the first quarter. Wellington Management Group LLP now owns 3,045,515 shares of the software maker’s stock valued at $120,786,000 after buying an additional 2,112,997 shares during the period. William Blair Investment Management LLC increased its position in shares of 2U by 2.9% in the second quarter. William Blair Investment Management LLC now owns 2,830,577 shares of the software maker’s stock valued at $132,811,000 after buying an additional 79,191 shares during the period. BlackRock Inc. increased its position in shares of 2U by 66,695.5% in the first quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock valued at $92,031,000 after buying an additional 2,317,001 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of 2U by 61.2% in the first quarter. Alliancebernstein L.P. now owns 1,900,220 shares of the software maker’s stock valued at $75,363,000 after buying an additional 721,672 shares during the period.

About 2U

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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Analyst Recommendations for 2U (NASDAQ:TWOU)

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