2U, Inc. (TWOU) Given Consensus Rating of “Buy” by Brokerages
Shares of 2U, Inc. (NASDAQ:TWOU) have been given an average recommendation of “Buy” by the twelve research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $47.33.
TWOU has been the subject of several research analyst reports. Zacks Investment Research lowered 2U from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Needham & Company LLC reissued a “buy” rating and issued a $49.00 price objective (up from $43.00) on shares of 2U in a research report on Monday, April 10th. Credit Suisse Group reissued an “outperform” rating and issued a $54.00 price objective (up from $43.00) on shares of 2U in a research report on Tuesday, April 4th. BMO Capital Markets lifted their price objective on 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Finally, KeyCorp reissued an “overweight” rating and issued a $50.00 price objective on shares of 2U in a research report on Monday, July 10th.
In related news, Director John M. Larson sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $41.42, for a total value of $1,863,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $44.12, for a total value of $198,540.00. Following the completion of the sale, the director now directly owns 19,825 shares of the company’s stock, valued at $874,679. The disclosure for this sale can be found here. Insiders sold a total of 73,210 shares of company stock valued at $3,004,564 over the last ninety days. 8.40% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. NN Investment Partners Holdings N.V. bought a new stake in shares of 2U during the second quarter worth approximately $3,660,000. Columbia Partners L L C Investment Management bought a new stake in shares of 2U during the first quarter worth approximately $261,000. Goldman Sachs Group Inc. raised its stake in shares of 2U by 268.8% in the first quarter. Goldman Sachs Group Inc. now owns 91,047 shares of the software maker’s stock worth $3,611,000 after buying an additional 66,361 shares in the last quarter. Sylebra HK Co Ltd bought a new stake in shares of 2U during the first quarter worth approximately $479,000. Finally, State Street Corp raised its stake in shares of 2U by 5.3% in the first quarter. State Street Corp now owns 666,365 shares of the software maker’s stock worth $26,431,000 after buying an additional 33,422 shares in the last quarter.
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Shares of 2U (NASDAQ TWOU) traded up 2.63% during midday trading on Tuesday, hitting $48.84. The company’s stock had a trading volume of 473,565 shares. 2U has a 1-year low of $29.23 and a 1-year high of $49.16. The company has a 50-day moving average price of $44.16 and a 200 day moving average price of $38.75. The company’s market cap is $2.32 billion.
2U Company Profile
2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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