2U, Inc. (TWOU) Research Coverage Started at Credit Suisse Group
Investment analysts at Credit Suisse Group initiated coverage on shares of 2U, Inc. (NASDAQ:TWOU) in a research report issued to clients and investors on Friday, The Fly reports. The brokerage set an “outperform” rating on the software maker’s stock.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded 2U from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Thursday, July 6th. BidaskClub upgraded 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. KeyCorp restated an “overweight” rating and issued a $50.00 price target on shares of 2U in a report on Monday, July 10th. Citigroup Inc. initiated coverage on 2U in a report on Tuesday, July 18th. They issued a “buy” rating and a $57.00 price target for the company. Finally, BMO Capital Markets increased their price target on 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $54.60.
Shares of 2U (NASDAQ:TWOU) opened at 54.01 on Friday. 2U has a 12 month low of $29.23 and a 12 month high of $55.24. The firm’s 50-day moving average price is $49.58 and its 200-day moving average price is $44.14. The firm’s market capitalization is $2.59 billion.
In other news, Director Mark Chernis sold 4,500 shares of the company’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 completion of the transaction, the director now directly owns 19,825 shares of the company’s stock, valued at $874,679. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.40% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Monashee Investment Management acquired a new position in shares of 2U during the third quarter worth about $3,590,000. Schwab Charles Investment Management Inc. boosted its position in shares of 2U by 40.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 96,861 shares of the software maker’s stock worth $2,711,000 after buying an additional 27,729 shares during the period. Hood River Capital Management LLC boosted its position in shares of 2U by 67.7% during the fourth quarter. Hood River Capital Management LLC now owns 604,879 shares of the software maker’s stock worth $16,925,000 after buying an additional 244,146 shares during the period. State Street Corp boosted its position in shares of 2U by 4.7% during the fourth quarter. State Street Corp now owns 632,943 shares of the software maker’s stock worth $19,083,000 after buying an additional 28,168 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of 2U by 7.1% during the third quarter. BlackRock Fund Advisors now owns 935,556 shares of the software maker’s stock worth $35,822,000 after buying an additional 61,693 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.
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