Wall Street analysts predict that 2U, Inc. (NASDAQ:TWOU) will announce ($0.23) earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for 2U’s earnings. 2U posted earnings of ($0.18) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 27.8%. The firm is scheduled to issue its next earnings report after the market closes on Monday, August 7th.

According to Zacks, analysts expect that 2U will report full year earnings of ($0.54) per share for the current year, with EPS estimates ranging from ($0.55) to ($0.53). For the next financial year, analysts forecast that the company will post earnings of ($0.57) per share, with EPS estimates ranging from ($0.61) to ($0.52). Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow 2U.

A number of analysts have recently commented on TWOU shares. Zacks Investment Research cut shares of 2U from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Credit Suisse Group reissued an “outperform” rating and set a $54.00 target price (up previously from $43.00) on shares of 2U in a research note on Tuesday, April 4th. Needham & Company LLC reissued a “buy” rating and set a $49.00 target price (up previously from $43.00) on shares of 2U in a research note on Monday, April 10th. BidaskClub raised shares of 2U from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Finally, BMO Capital Markets boosted their target price on shares of 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. 2U has a consensus rating of “Buy” and an average price target of $47.80.

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2U (TWOU) traded up 0.10% on Friday, hitting $50.05. 249,068 shares of the company’s stock traded hands. The stock has a 50-day moving average of $46.10 and a 200-day moving average of $40.35. 2U has a one year low of $29.23 and a one year high of $50.66. The stock’s market cap is $2.38 billion.

In related news, Director Timothy M. Haley sold 23,296 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $39.71, for a total transaction of $925,084.16. Following the transaction, the director now directly owns 23,454 shares in the company, valued at $931,358.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $44.12, for a total transaction of $198,540.00. Following the transaction, the director now owns 19,825 shares in the company, valued at $874,679. The disclosure for this sale can be found here. Insiders have sold 73,210 shares of company stock worth $3,004,564 over the last 90 days. 8.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in 2U during the first quarter worth $126,000. Rehmann Capital Advisory Group acquired a new position in 2U during the second quarter worth $204,000. Principal Financial Group Inc. acquired a new position in 2U during the first quarter worth $208,000. KCG Holdings Inc. acquired a new position in 2U during the first quarter worth $250,000. Finally, Columbia Partners L L C Investment Management acquired a new position in 2U during the first quarter worth $261,000.

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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