2U Short Interest Up 23.2% in August (TWOU)
2U (NASDAQ:TWOU) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 1,805,409 shares, an increase of 23.2% from the July 31st total of 1,464,956 shares, StockRatingsNetwork reports. Approximately 10.7% of the company’s shares are short sold. Based on an average trading volume of 233,571 shares, the short-interest ratio is currently 7.7 days.
TWOU has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of 2U from a “buy” rating to a “neutral” rating in a research note on Monday, August 11th. They now have a $18.00 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of 2U from $18.00 to $20.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.00.
Shares of 2U (NASDAQ:TWOU) opened at 18.03 on Thursday. 2U has a one year low of $10.52 and a one year high of $20.20. The stock has a 50-day moving average of $16. and a 200-day moving average of $14.82. The company’s market cap is $726.0 million.
2U (NASDAQ:TWOU) last released its earnings data on Wednesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.27) earnings per share. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. Analysts expect that 2U will post $-0.63 EPS for the current fiscal year.
2U, Inc is a provider of cloud-based software-as-a-service (NASDAQ:TWOU) solutions.
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