2U, Inc. (NASDAQ:TWOU)‘s stock had its “buy” rating reissued by stock analysts at Robert W. Baird in a report released on Friday. They currently have a $66.00 price target on the software maker’s stock, up from their prior price target of $59.00. Robert W. Baird’s target price points to a potential upside of 11.56% from the company’s current price.

A number of other brokerages have also weighed in on TWOU. Zacks Investment Research lowered 2U from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Credit Suisse Group AG increased their price target on 2U from $54.00 to $58.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Barrington Research increased their price target on 2U to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Finally, Citigroup Inc. initiated coverage on 2U in a research report on Tuesday, July 18th. They issued a “buy” rating and a $57.00 price target for the company. 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 stock. 2U presently has a consensus rating of “Buy” and a consensus target price of $57.18.

2U (NASDAQ TWOU) traded down 0.74% on Friday, reaching $58.72. 314,593 shares of the company traded hands. 2U has a one year low of $29.23 and a one year high of $60.50. The firm has a 50 day moving average of $52.44 and a 200-day moving average of $46.53. The stock’s market capitalization is $2.81 billion.

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In other 2U news, Director John M. Larson sold 150,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the transaction, the director now owns 16,065 shares in the company, valued at approximately $751,681.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 19,825 shares of the company’s stock, valued at approximately $1,048,742.50. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of TWOU. BlackRock Inc. boosted its position in shares of 2U by 66,695.5% during the 1st quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock valued at $92,031,000 after acquiring an additional 2,317,001 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in shares of 2U by 64.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock valued at $64,684,000 after acquiring an additional 538,487 shares during the last quarter. Bamco Inc. NY bought a new stake in shares of 2U during the 2nd quarter valued at about $24,989,000. Columbus Circle Investors boosted its position in shares of 2U by 117.2% during the 2nd quarter. Columbus Circle Investors now owns 914,482 shares of the software maker’s stock valued at $82,111,000 after acquiring an additional 493,364 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of 2U by 545.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 507,033 shares of the software maker’s stock valued at $21,676,000 after acquiring an additional 428,515 shares during the last quarter.

About 2U

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.

Analyst Recommendations for 2U (NASDAQ:TWOU)

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