2U, Inc. (NASDAQ:TWOU) – Analysts at Barrington Research increased their FY2017 EPS estimates for shares of 2U in a report issued on Monday. Barrington Research analyst A. Paris. Jr now anticipates that the software maker will post earnings of ($0.65) per share for the year, up from their previous estimate of ($0.67). Barrington Research has a “Outperform” rating and a $56.00 price objective on the stock. Barrington Research also issued estimates for 2U’s FY2018 earnings at ($0.64) EPS.

A number of other research firms also recently commented on TWOU. Credit Suisse Group assumed coverage on 2U in a report on Friday, September 8th. They set an “outperform” rating and a $58.00 target price for the company. Compass Point reiterated a “buy” rating and set a $62.00 price target (up from $56.00) on shares of 2U in a research report on Monday, September 11th. Needham & Company LLC lifted their price target on 2U from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Robert W. Baird lifted their price target on 2U from $49.00 to $59.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Finally, Oppenheimer Holdings, Inc. lifted their price target on 2U from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $55.27.

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Shares of 2U (TWOU) opened at 53.72 on Thursday. 2U has a 52-week low of $29.23 and a 52-week high of $55.24. The stock’s market cap is $2.57 billion. The stock’s 50 day moving average is $50.19 and its 200 day moving average is $45.15.

In other news, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total value of $238,050.00. Following the completion of the sale, the director now directly owns 19,825 shares in the company, valued at $1,048,742.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John M. Larson sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the sale, the director now owns 16,065 shares of the company’s stock, valued at $751,681.35. The disclosure for this sale can be found here. 8.40% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of 2U by 7.4% in the second quarter. Vanguard Group Inc. now owns 3,550,031 shares of the software maker’s stock valued at $166,567,000 after buying an additional 244,191 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. BlackRock Inc. increased its position in shares of 2U by 13.3% in the second quarter. BlackRock Inc. now owns 2,628,814 shares of the software maker’s stock valued at $123,344,000 after buying an additional 308,339 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of 2U by 16.2% in the second quarter. Alliancebernstein L.P. now owns 2,207,911 shares of the software maker’s stock valued at $103,595,000 after buying an additional 307,691 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 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.

Earnings History and Estimates for 2U (NASDAQ:TWOU)

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