Oppenheimer Holdings, Inc. Reiterates “Buy” Rating for 2U, Inc. (TWOU)
2U, Inc. (NASDAQ:TWOU)‘s stock had its “buy” rating restated by Oppenheimer Holdings, Inc. in a research note issued to investors on Friday. They presently have a $65.00 target price on the software maker’s stock. Oppenheimer Holdings, Inc.’s price objective would indicate a potential upside of 9.87% from the stock’s current price.
Other analysts also recently issued research reports about the company. Zacks Investment Research raised 2U from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Thursday, July 6th. BidaskClub downgraded 2U from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. 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 note on Tuesday, August 8th. Citigroup Inc. started coverage on 2U in a report on Tuesday, July 18th. They issued a “buy” rating and a $57.00 target price for the company. Finally, Compass Point reiterated a “buy” rating and issued a $62.00 target price (up previously from $56.00) on shares of 2U in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. 2U has a consensus rating of “Buy” and a consensus target price of $57.18.
Shares of 2U (NASDAQ TWOU) traded down 0.74% on Friday, hitting $58.72. The stock had a trading volume of 314,593 shares. The stock’s market capitalization is $2.81 billion. The firm has a 50-day moving average price of $52.44 and a 200-day moving average price of $46.53. 2U has a 52 week low of $29.23 and a 52 week high of $60.50.
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In related news, Director John M. Larson sold 150,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $46.79, for a total transaction of $7,018,500.00. Following the completion of the transaction, the director now owns 16,065 shares in the company, valued at approximately $751,681.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $52.90, for a total value of $238,050.00. Following the transaction, the director now owns 19,825 shares of the company’s stock, valued at approximately $1,048,742.50. The disclosure for this sale can be found here. 8.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 2U by 182.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after acquiring an additional 1,693 shares during the period. Ameritas Investment Partners Inc. purchased a new position in 2U during the 1st quarter valued at $126,000. Rehmann Capital Advisory Group purchased a new position in 2U during the 2nd quarter valued at $204,000. Advisor Group Inc. boosted its holdings in 2U by 41.5% during the 2nd quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after acquiring an additional 1,313 shares during the period. Finally, Prudential Financial Inc. purchased a new position in 2U during the 2nd quarter valued at $222,000.
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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