Zacks Investment Research upgraded shares of 2U (NASDAQ:TWOU) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. The firm currently has $28.00 target price on the software maker’s stock.

According to Zacks, “2U, Inc. is an education technology company. It is a provider of cloud-based software-as-a-service (SaaS) solutions that enables nonprofit colleges and universities to deliver their education to students anywhere. The Company offers graduate and undergraduate degree programs in social work, science, public administration, healthcare, laws, education, and business administration. It also offers a suite of technology-enabled services including content development, student acquisition, and state authorization services, as well as application advising, student and faculty support, and in-program student field placements. 2U, Inc. is based in Landover, Maryland. “

Other research analysts have also issued reports about the company. William Blair upgraded 2U from a market perform rating to an outperform rating in a research note on Friday, February 7th. Barrington Research reiterated a hold rating on shares of 2U in a research note on Wednesday, February 5th. ValuEngine upgraded 2U from a buy rating to a strong-buy rating in a research note on Friday, January 3rd. Citigroup raised their target price on 2U from $20.00 to $28.00 and gave the company a buy rating in a research note on Tuesday, January 7th. Finally, BMO Capital Markets raised their target price on 2U from $20.00 to $24.00 and gave the company a market perform rating in a research note on Wednesday, November 13th. Twelve analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $40.00.

2U stock opened at $24.98 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a fifty day moving average price of $22.38 and a two-hundred day moving average price of $20.19. 2U has a 52-week low of $11.37 and a 52-week high of $80.49. The firm has a market capitalization of $1.47 billion, a P/E ratio of -6.64 and a beta of 0.57.

2U (NASDAQ:TWOU) last released its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.32. 2U had a negative return on equity of 16.17% and a negative net margin of 40.93%. The firm had revenue of $163.18 million during the quarter, compared to analyst estimates of $161.40 million. During the same period in the prior year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. On average, equities research analysts predict that 2U will post -1.96 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in TWOU. Nikko Asset Management Americas Inc. increased its stake in shares of 2U by 681.3% in the third quarter. Nikko Asset Management Americas Inc. now owns 3,809,851 shares of the software maker’s stock valued at $62,024,000 after buying an additional 3,322,225 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in 2U by 664.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,819,098 shares of the software maker’s stock worth $62,175,000 after purchasing an additional 3,319,822 shares during the period. Nomura Holdings Inc. acquired a new stake in 2U in the third quarter worth about $37,273,000. Sachem Head Capital Management LP acquired a new stake in 2U in the third quarter worth about $20,757,000. Finally, First Trust Advisors LP increased its position in 2U by 34.9% in the third quarter. First Trust Advisors LP now owns 3,406,374 shares of the software maker’s stock worth $55,456,000 after purchasing an additional 882,084 shares during the period.

About 2U

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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