2U’s (TWOU) Buy Rating Reaffirmed at Compass Point
2U, Inc. (NASDAQ:TWOU)‘s stock had its “buy” rating reaffirmed by equities researchers at Compass Point in a research report issued on Monday. They presently have a $62.00 target price on the software maker’s stock, up from their prior target price of $56.00. Compass Point’s target price would indicate a potential upside of 15.78% from the stock’s previous close.
A number of other analysts have also issued reports on TWOU. BMO Capital Markets lifted their target price on 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Robert W. Baird lifted their target price on 2U from $49.00 to $59.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. lifted their target price on 2U from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Credit Suisse Group initiated coverage on 2U in a research report on Friday. They set an “outperform” rating and a $58.00 target price on the stock. Finally, Zacks Investment Research lowered 2U from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $55.27.
Shares of 2U (NASDAQ TWOU) traded down 0.43% during midday trading on Monday, reaching $53.55. The company’s stock had a trading volume of 679,024 shares. 2U has a 52 week low of $29.23 and a 52 week high of $55.24. The firm’s 50 day moving average is $49.67 and its 200 day moving average is $44.32. The firm’s market capitalization is $2.57 billion.
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In related news, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction that occurred 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 owns 19,825 shares of the company’s stock, valued at $874,679. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC boosted its holdings in 2U by 5.1% during the fourth quarter. Teachers Advisors LLC now owns 60,225 shares of the software maker’s stock valued at $1,816,000 after acquiring an additional 2,930 shares during the period. Nationwide Fund Advisors grew its holdings in 2U by 74.5% during the 1st quarter. Nationwide Fund Advisors now owns 39,968 shares of the software maker’s stock worth $1,585,000 after acquiring an additional 17,066 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in 2U by 188.4% during the 1st quarter. Russell Investments Group Ltd. now owns 63,449 shares of the software maker’s stock worth $2,515,000 after acquiring an additional 41,446 shares during the last quarter. Wells Fargo & Company MN grew its holdings in 2U by 10.2% during the 1st quarter. Wells Fargo & Company MN now owns 574,323 shares of the software maker’s stock worth $22,777,000 after acquiring an additional 53,051 shares during the last quarter. Finally, US Bancorp DE grew its holdings in 2U by 16.3% during the 1st quarter. US Bancorp DE now owns 17,185 shares of the software maker’s stock worth $681,000 after acquiring an additional 2,408 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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