2U, Inc. (NASDAQ:TWOU) Given Average Recommendation of “Hold” by Brokerages

2U, Inc. (NASDAQ:TWOU) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.31.

TWOU has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on 2U in a research note on Wednesday, April 10th. They issued a “hold” rating on the stock. Needham & Company LLC downgraded 2U from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Morgan Stanley dropped their target price on 2U from $2.00 to $1.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th.

2U Price Performance

2U stock opened at $0.31 on Tuesday. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $26.05 million, a P/E ratio of -0.08 and a beta of 0.83. The business’s fifty day moving average is $0.43 and its two-hundred day moving average is $1.08. 2U has a 52 week low of $0.31 and a 52 week high of $6.10.

2U (NASDAQ:TWOU) last posted its quarterly earnings data on Monday, February 12th. The software maker reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The business had revenue of $255.66 million during the quarter, compared to analyst estimates of $275.84 million. 2U had a negative return on equity of 7.92% and a negative net margin of 33.58%. Equities research analysts forecast that 2U will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 2U

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC bought a new stake in 2U in the third quarter valued at about $25,000. Point72 Middle East FZE bought a new stake in 2U in the fourth quarter valued at about $25,000. Principal Financial Group Inc. bought a new stake in 2U in the third quarter valued at about $28,000. Qtron Investments LLC bought a new stake in 2U in the third quarter valued at about $35,000. Finally, Hsbc Holdings PLC bought a new stake in 2U in the third quarter valued at about $35,000. Institutional investors own 80.53% of the company’s stock.

2U Company Profile

2U, Inc operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.