Goldman Sachs Downgrades 2U to Neutral (TWOU)
2U (NASDAQ:TWOU) was downgraded by investment analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $18.00 price objective on the stock. Goldman Sachs’ price objective would indicate a potential upside of 5.39% from the company’s current price.
A number of other firms have also recently commented on TWOU. Analysts at Compass Point raised their price target on shares of 2U from $18.00 to $20.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of 2U in a research note on Friday, July 25th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, analysts at Barrington Research initiated coverage on shares of 2U in a research note on Friday, July 25th. They set an “outperform” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $19.00.
2U (NASDAQ:TWOU) traded down 1.52% during mid-day trading on Monday, hitting $16.82. The stock had a trading volume of 227,744 shares. 2U has a 52-week low of $10.52 and a 52-week high of $17.58. The stock’s 50-day moving average is $14.88 and its 200-day moving average is $14.16. The company’s market cap is $677.3 million.
2U (NASDAQ:TWOU) last announced its earnings results on Wednesday, August 6th. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.24) by $0.02. The company had revenue of $24.70 million for the quarter, compared to the consensus estimate of $24.02 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was up 32.4% on a year-over-year basis. On average, analysts predict that 2U will post $-0.63 earnings per share for the current fiscal year.
2U, Inc is a provider of cloud-based software-as-a-service (NASDAQ:TWOU) solutions.
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