2U (NASDAQ:TWOU) had its target price reduced by KeyCorp from $100.00 to $80.00 in a research report sent to investors on Tuesday morning, The Fly reports. KeyCorp currently has an overweight rating on the software maker’s stock.

Several other research analysts also recently commented on TWOU. BidaskClub upgraded shares of 2U from a sell rating to a hold rating in a report on Thursday, November 1st. Piper Jaffray Companies dropped their target price on shares of 2U to $76.00 and set a neutral rating on the stock in a report on Tuesday. ValuEngine downgraded shares of 2U from a strong-buy rating to a buy rating in a report on Saturday, October 27th. Needham & Company LLC assumed coverage on shares of 2U in a report on Tuesday, October 23rd. They issued a buy rating and a $80.00 target price on the stock. Finally, Barrington Research reiterated a buy rating and issued a $100.00 target price on shares of 2U in a report on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $80.08.

TWOU traded down $0.82 during trading on Tuesday, hitting $54.21. The stock had a trading volume of 632,754 shares, compared to its average volume of 937,718. The company has a market capitalization of $3.27 billion, a PE ratio of -100.39 and a beta of 0.34. 2U has a 12 month low of $49.72 and a 12 month high of $98.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.31 and a quick ratio of 5.71.

2U (NASDAQ:TWOU) last announced its earnings results on Monday, November 5th. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $106.96 million for the quarter, compared to the consensus estimate of $106.49 million. 2U had a negative net margin of 11.13% and a negative return on equity of 7.51%. The business’s quarterly revenue was up 52.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.15) EPS. Analysts anticipate that 2U will post -0.67 earnings per share for the current year.

In other news, COO Mark Chernis sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total transaction of $840,400.00. Following the transaction, the chief operating officer now owns 43,602 shares in the company, valued at approximately $3,664,312.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Paucek sold 75,000 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the transaction, the chief executive officer now owns 605,191 shares in the company, valued at approximately $51,090,224.22. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Several large investors have recently bought and sold shares of TWOU. Dimensional Fund Advisors LP bought a new position in shares of 2U during the 1st quarter worth about $4,236,000. Principal Financial Group Inc. boosted its position in shares of 2U by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 35,153 shares of the software maker’s stock valued at $2,953,000 after acquiring an additional 1,507 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of 2U during the 1st quarter valued at about $1,504,000. Empowered Funds LLC boosted its position in shares of 2U by 8.1% during the 2nd quarter. Empowered Funds LLC now owns 16,868 shares of the software maker’s stock valued at $1,424,000 after acquiring an additional 1,270 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of 2U during the 2nd quarter valued at about $547,000.

2U Company Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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