2U, Inc. (NASDAQ:TWOU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “2U, Inc. is an education technology company. It is a provider of cloud-based software-as-a-service (SaaS) solutions that enables nonprofit colleges and universities to deliver their education to students anywhere. The Company offers graduate and undergraduate degree programs in social work, science, public administration, healthcare, laws, education, and business administration. It also offers a suite of technology-enabled services including content development, student acquisition, and state authorization services, as well as application advising, student and faculty support, and in-program student field placements. 2U, Inc. is based in Landover, Maryland. “

Several other research analysts have also weighed in on the stock. Compass Point reissued a “buy” rating and set a $70.00 price objective (up from $62.00) on shares of 2U in a report on Monday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $65.00 price target (up from $55.00) on shares of 2U in a report on Friday, October 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 price target (up from $62.00) on shares of 2U in a report on Friday, October 6th. Robert W. Baird reaffirmed a “buy” rating and issued a $66.00 price target (up from $59.00) on shares of 2U in a report on Friday, October 6th. Finally, Credit Suisse Group assumed coverage on shares of 2U in a report on Friday, September 8th. They issued an “outperform” rating and a $58.00 price target for the company. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $57.91.

Shares of 2U (NASDAQ TWOU) traded up 2.40% during trading on Wednesday, hitting $60.08. 253,269 shares of the company were exchanged. The company’s 50-day moving average price is $53.32 and its 200 day moving average price is $47.13. The stock’s market cap is $3.12 billion. 2U has a 12 month low of $29.23 and a 12 month high of $60.50.

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In other 2U news, Director John M. Larson sold 150,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were 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 directly owns 16,065 shares of the company’s stock, valued at approximately $751,681.35. The transaction was disclosed in a document filed 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, September 13th. The shares were sold at an average price of $52.90, for a total transaction of $238,050.00. Following the transaction, the director now directly owns 19,825 shares of the company’s stock, valued at $1,048,742.50. The disclosure for this sale can be found here. Insiders own 8.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of TWOU. BlackRock Inc. boosted its stake in 2U by 66,695.5% during the 1st quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock valued at $92,031,000 after purchasing an additional 2,317,001 shares during the period. Wellington Management Group LLP boosted its stake in 2U by 226.6% during the 1st quarter. Wellington Management Group LLP now owns 3,045,515 shares of the software maker’s stock valued at $120,786,000 after purchasing an additional 2,112,997 shares during the period. First Trust Advisors LP acquired a new position in 2U during the 4th quarter valued at about $40,381,000. Arrowpoint Asset Management LLC boosted its stake in 2U by 702.6% during the 4th quarter. Arrowpoint Asset Management LLC now owns 1,525,702 shares of the software maker’s stock valued at $42,689,000 after purchasing an additional 1,335,610 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in 2U by 122.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,669,137 shares of the software maker’s stock valued at $46,702,000 after purchasing an additional 919,906 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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Analyst Recommendations for 2U (NASDAQ:TWOU)

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