2U, Inc. (NASDAQ:TWOU) had its price objective boosted by Oppenheimer Holdings, Inc. from $50.00 to $55.00 in a report released on Tuesday. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 8.01% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. 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 report on Thursday, July 6th. 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 report on Monday, April 10th. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. BMO Capital Markets lifted their target price on 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, KeyCorp reissued an “overweight” rating and set a $50.00 target price on shares of 2U in a report on Monday, July 10th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $53.33.

2U (NASDAQ TWOU) opened at 50.92 on Tuesday. 2U has a 52 week low of $29.23 and a 52 week high of $52.94. The stock 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.

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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 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 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 transaction, the director now directly owns 19,825 shares of the company’s stock, valued at approximately $874,679. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,210 shares of company stock valued at $3,004,564. 8.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in 2U by 105.6% in the first quarter. Bank of New York Mellon Corp now owns 474,297 shares of the software maker’s stock worth $18,810,000 after buying an additional 243,634 shares during the period. US Bancorp DE increased its position in 2U by 16.3% in the first quarter. US Bancorp DE now owns 17,185 shares of the software maker’s stock worth $681,000 after buying an additional 2,408 shares during the period. Wells Fargo & Company MN increased its position in 2U by 10.2% in the first quarter. Wells Fargo & Company MN now owns 574,323 shares of the software maker’s stock worth $22,777,000 after buying an additional 53,051 shares during the period. Russell Investments Group Ltd. increased its position in 2U by 188.4% in the first quarter. Russell Investments Group Ltd. now owns 63,449 shares of the software maker’s stock worth $2,515,000 after buying an additional 41,446 shares during the period. Finally, First Mercantile Trust Co. increased its position in 2U by 21.8% in the first quarter. First Mercantile Trust Co. now owns 26,257 shares of the software maker’s stock worth $1,041,000 after buying an additional 4,698 shares during the period.

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.

Analyst Recommendations for 2U (NASDAQ:TWOU)

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