2U, Inc. (TWOU) Given Consensus Recommendation of “Buy” by Analysts
2U, Inc. (NASDAQ:TWOU) has received an average rating of “Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $57.70.
TWOU has been the subject of a number of analyst reports. BidaskClub upgraded 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded 2U from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Thursday, July 6th. KeyCorp reiterated an “overweight” rating and set a $50.00 price target on shares of 2U in a research report on Monday, July 10th. Citigroup Inc. initiated coverage on 2U in a research report on Tuesday, July 18th. They set a “buy” rating and a $57.00 price target for the company. Finally, Needham & Company LLC boosted their price target on 2U from $54.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th.
2U (TWOU) traded down 0.41% on Friday, reaching $58.92. The company’s stock had a trading volume of 473,345 shares. The firm has a 50-day moving average price of $52.44 and a 200 day moving average price of $46.53. 2U has a 52-week low of $29.23 and a 52-week high of $60.50. The firm’s market capitalization is $2.82 billion.
In related news, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total transaction of $238,050.00. Following the transaction, the director now directly owns 19,825 shares of the company’s stock, valued at $1,048,742.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John M. Larson sold 150,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 16,065 shares in the company, valued at $751,681.35. The disclosure for this sale can be found here. 8.40% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 2U by 182.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after buying an additional 1,693 shares during the period. Ameritas Investment Partners Inc. acquired a new position in 2U during the first quarter valued at $126,000. Rehmann Capital Advisory Group acquired a new position in 2U during the second quarter valued at $204,000. Advisor Group Inc. raised its position in 2U by 41.5% during the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after buying an additional 1,313 shares during the period. Finally, Prudential Financial Inc. acquired a new position in 2U during the second quarter valued at $222,000.
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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