Somewhat Favorable Press Coverage Somewhat Unlikely to Affect 2U (TWOU) Stock Price
News headlines about 2U (NASDAQ:TWOU) have trended somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. 2U earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 46.4773706897576 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- 2U Inc (TWOU) Expected to Announce Earnings of $0.13 Per Share (americanbankingnews.com)
- 2U Inc (TWOU) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Mark Chernis Sells 4,500 Shares of 2U Inc (TWOU) Stock (americanbankingnews.com)
- 2U, Inc. – Value Analysis (NASDAQ:TWOU) : December 14, 2017 (finance.yahoo.com)
A number of equities analysts have recently issued reports on the company. Robert W. Baird reissued a “buy” rating and issued a $68.00 target price on shares of 2U in a report on Friday, November 10th. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. KeyCorp reissued an “overweight” rating and issued a $73.00 target price on shares of 2U in a report on Friday, November 17th. Needham & Company LLC increased their target price on 2U from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $70.00 target price on shares of 2U in a report on Wednesday, November 8th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. 2U currently has an average rating of “Buy” and a consensus price target of $69.64.
2U (NASDAQ:TWOU) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.01. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The firm had revenue of $70.25 million during the quarter, compared to analysts’ expectations of $69.36 million. During the same period last year, the firm posted ($0.06) EPS. The business’s revenue was up 35.1% on a year-over-year basis. equities research analysts expect that 2U will post -0.6 EPS for the current fiscal year.
In other 2U news, Director Paul A. Maeder purchased 67,830 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average cost of $61.45 per share, with a total value of $4,168,153.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $63.58, for a total value of $286,110.00. Following the sale, the director now directly owns 19,825 shares of the company’s stock, valued at $1,260,473.50. The disclosure for this sale can be found here. Insiders have sold a total of 172,378 shares of company stock valued at $10,988,621 over the last ninety days. Insiders own 8.40% of the company’s stock.
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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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