2U, Inc. (TWOU) Receives $54.89 Average Target Price from Analysts
Shares of 2U, Inc. (NASDAQ:TWOU) have received an average recommendation of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $54.89.
A number of research firms have recently weighed in on TWOU. Robert W. Baird raised their target price on 2U from $49.00 to $59.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. BidaskClub lowered 2U from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research lowered 2U from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. BMO Capital Markets restated an “outperform” rating and issued a $56.00 target price (up previously from $54.00) on shares of 2U in a report on Thursday, August 10th. Finally, Credit Suisse Group raised their target price on 2U from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th.
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In related news, Director Mark Chernis sold 4,500 shares of 2U stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $44.12, for a total transaction of $198,540.00. Following the sale, the director now directly owns 19,825 shares in the company, valued at $874,679. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC lifted its holdings in 2U by 64.1% during the second quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock worth $64,684,000 after acquiring an additional 538,487 shares during the period. Verition Fund Management LLC bought a new stake in 2U during the second quarter worth $332,000. Ameritas Investment Partners Inc. raised its stake in shares of 2U by 21.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock valued at $180,000 after buying an additional 677 shares during the period. California State Teachers Retirement System raised its stake in shares of 2U by 7.4% in the second quarter. California State Teachers Retirement System now owns 77,583 shares of the software maker’s stock valued at $3,640,000 after buying an additional 5,373 shares during the period. Finally, Bank of Nova Scotia bought a new stake in shares of 2U in the second quarter valued at $1,441,000.
Shares of 2U (NASDAQ TWOU) traded down 0.43% during midday trading on Wednesday, hitting $53.78. The stock had a trading volume of 660,052 shares. The company’s 50 day moving average is $49.68 and its 200 day moving average is $44.21. The firm’s market cap is $2.58 billion. 2U has a 52 week low of $29.23 and a 52 week high of $55.24.
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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