2U, Inc. (NASDAQ:TWOU) Price Target Increased to $56.00 by Analysts at Barrington Research
2U, Inc. (NASDAQ:TWOU) had its price target increased by equities researchers at Barrington Research to $56.00 in a report issued on Tuesday. The brokerage currently has an “outperform” rating on the software maker’s stock. Barrington Research’s price target points to a potential upside of 9.98% from the company’s current price.
TWOU has been the subject of several other reports. KeyCorp reissued an “overweight” rating and issued a $50.00 price objective on shares of 2U in a research report on Monday, July 10th. Needham & Company LLC lifted their price objective on 2U from $54.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday. Oppenheimer Holdings, Inc. boosted their target price on 2U from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday. Zacks Investment Research raised 2U from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Thursday, July 6th. Finally, Citigroup Inc. initiated coverage on 2U in a research report on Tuesday, July 18th. They issued a “buy” rating and a $57.00 target price for the company. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $54.00.
2U (NASDAQ TWOU) traded down 1.04% on Tuesday, reaching $50.39. The company’s stock had a trading volume of 772,875 shares. 2U has a 52-week low of $29.23 and a 52-week high of $52.94. The stock’s market cap is $2.40 billion. The firm’s 50-day moving average price is $47.66 and its 200-day moving average price is $41.48.
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In other 2U news, Director John M. Larson sold 45,000 shares of 2U stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $41.42, for a total transaction of $1,863,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Chernis sold 4,500 shares of 2U 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 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 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 institutional investors have recently added to or reduced their stakes in TWOU. Legal & General Group Plc increased its position in 2U by 38.3% in the first quarter. Legal & General Group Plc now owns 4,554 shares of the software maker’s stock worth $105,000 after buying an additional 1,262 shares during the period. Bank of Montreal Can increased its position in 2U by 5.0% in the third quarter. Bank of Montreal Can now owns 3,240 shares of the software maker’s stock worth $124,000 after buying an additional 155 shares during the period. Ameritas Investment Partners Inc. bought a new position in 2U during the first quarter worth about $126,000. BNP Paribas Arbitrage SA increased its position in 2U by 95.0% in the third quarter. BNP Paribas Arbitrage SA now owns 3,465 shares of the software maker’s stock worth $133,000 after buying an additional 1,688 shares during the period. Finally, Teacher Retirement System of Texas increased its position in 2U by 43.6% in the second quarter. Teacher Retirement System of Texas now owns 4,831 shares of the software maker’s stock worth $142,000 after buying an additional 1,467 shares during the period.
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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