2U, Inc. (NASDAQ:TWOU) – Investment analysts at KeyCorp lifted their Q3 2017 EPS estimates for shares of 2U in a note issued to investors on Thursday. KeyCorp analyst B. Mcfadden now anticipates that the software maker will earn ($0.29) per share for the quarter, up from their prior estimate of ($0.33). KeyCorp has a “Overweight” rating and a $50.00 price target on the stock. KeyCorp also issued estimates for 2U’s Q4 2017 earnings at $0.02 EPS, FY2017 earnings at ($0.57) EPS and Q1 2018 earnings at ($0.12) EPS.

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Several other equities analysts have also issued reports on the company. Zacks Investment Research raised 2U from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Thursday, July 6th. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. BMO Capital Markets increased their target price on 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Citigroup Inc. started coverage on 2U in a research report on Tuesday, July 18th. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $54.00 price target (up previously from $49.00) on shares of 2U in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $54.60.

Shares of 2U (TWOU) opened at 46.09 on Monday. The company’s market capitalization is $2.21 billion. 2U has a 52-week low of $29.23 and a 52-week high of $52.94. The stock’s 50 day moving average price is $48.48 and its 200 day moving average price is $42.18.

In other 2U news, Director Timothy M. Haley sold 23,296 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $39.71, for a total value of $925,084.16. Following the sale, the director now owns 23,454 shares of the company’s stock, valued at approximately $931,358.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Chernis sold 4,500 shares of the 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 in the company, valued at approximately $874,679. The disclosure for this sale can be found here. Insiders sold a total of 72,796 shares of company stock worth $2,987,524 in the last ninety days. 8.40% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 2U by 182.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after buying an additional 1,693 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of 2U during the first quarter valued at $126,000. Rehmann Capital Advisory Group acquired a new stake in shares of 2U during the second quarter valued at $204,000. Principal Financial Group Inc. acquired a new stake in shares of 2U during the first quarter valued at $208,000. Finally, Advisor Group Inc. raised its stake in shares of 2U by 41.5% in the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after buying an additional 1,313 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.

Earnings History and Estimates for 2U (NASDAQ:TWOU)

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