2U, Inc. (NASDAQ:TWOU) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.19-0.17) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.11). The company issued revenue guidance of $282.7-285.7 million, compared to the consensus revenue estimate of $271.61 million.2U also updated its Q3 guidance to ($0.21-0.20) EPS.

2U, Inc. (NASDAQ TWOU) traded up 2.79% during trading on Monday, reaching $50.92. 646,084 shares of the company were exchanged. 2U, Inc. has a 52-week low of $29.23 and a 52-week high of $52.94. The firm has a 50-day moving average of $47.66 and a 200-day moving average of $41.48. The firm’s market cap is $2.42 billion.

TWOU has been the subject of a number of analyst reports. Zacks Investment Research cut shares of 2U from a buy rating to a hold rating in a report on Wednesday, May 10th. Needham & Company LLC restated a buy rating and set a $49.00 price objective (up previously from $43.00) on shares of 2U in a report on Monday, April 10th. BMO Capital Markets boosted their price objective on shares of 2U from $48.00 to $50.00 and gave the company an outperform rating in a report on Monday, May 15th. KeyCorp restated an overweight rating and set a $50.00 price objective on shares of 2U in a report on Monday, July 10th. Finally, Citigroup Inc. initiated coverage on shares of 2U in a report on Tuesday, July 18th. They set a buy rating and a $57.00 price objective for the company. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $51.14.

In other news, Director Timothy M. Haley sold 23,296 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $39.71, for a total value of $925,084.16. Following the completion of the transaction, the director now owns 23,454 shares in the company, valued at $931,358.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $44.12, for a total transaction of $198,540.00. Following the completion of the transaction, the director now owns 19,825 shares of the company’s stock, valued at approximately $874,679. The disclosure for this sale can be found here. Insiders sold 73,210 shares of company stock valued at $3,004,564 in the last quarter. Corporate insiders own 8.40% of the company’s stock.

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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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