BMO Capital Markets Reiterates “Outperform” Rating for 2U, Inc. (NASDAQ:TWOU)
2U, Inc. (NASDAQ:TWOU)‘s stock had its “outperform” rating reissued by BMO Capital Markets in a note issued to investors on Thursday. They presently have a $56.00 price target on the software maker’s stock, up from their prior price target of $54.00. BMO Capital Markets’ price target points to a potential upside of 17.67% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of 2U from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Thursday, July 6th. BidaskClub raised shares of 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. KeyCorp reaffirmed an “overweight” rating and issued a $50.00 price target on shares of 2U in a report on Monday, July 10th. Citigroup Inc. assumed coverage on shares of 2U in a report on Tuesday, July 18th. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $54.00 price target (up previously from $49.00) on shares of 2U in a report on Friday, May 5th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. 2U has a consensus rating of “Buy” and a consensus price target of $54.60.
Shares of 2U (TWOU) opened at 47.58 on Thursday. The stock’s 50 day moving average is $48.14 and its 200 day moving average is $41.66. 2U has a 1-year low of $29.23 and a 1-year high of $52.94. The stock’s market capitalization is $2.26 billion.
In related news, Director Timothy M. Haley sold 23,296 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $39.71, for a total transaction of $925,084.16. Following the completion of the transaction, the director now owns 23,454 shares of the company’s stock, valued at $931,358.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John M. Larson sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was 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 have sold 72,796 shares of company stock valued at $2,987,524 in the last ninety days. 8.40% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Suntrust Banks Inc. raised its stake in 2U by 1.2% in the first quarter. Suntrust Banks Inc. now owns 8,307 shares of the software maker’s stock valued at $329,000 after buying an additional 101 shares during the last quarter. US Bancorp DE raised its stake in 2U by 1.0% in the second quarter. US Bancorp DE now owns 17,354 shares of the software maker’s stock valued at $814,000 after buying an additional 169 shares during the last quarter. Blair William & Co. IL raised its stake in 2U by 6.0% in the second quarter. Blair William & Co. IL now owns 16,702 shares of the software maker’s stock valued at $784,000 after buying an additional 948 shares during the last quarter. Profund Advisors LLC raised its stake in 2U by 4.6% in the first quarter. Profund Advisors LLC now owns 24,680 shares of the software maker’s stock valued at $979,000 after buying an additional 1,095 shares during the last quarter. Finally, American International Group Inc. raised its stake in 2U by 7.1% in the first quarter. American International Group Inc. now owns 22,583 shares of the software maker’s stock valued at $896,000 after buying an additional 1,492 shares during 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 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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