Investment analysts at Macquarie initiated coverage on shares of 2U (NASDAQ:TWOU) in a research note issued on Thursday. The firm set an “outperform” rating and a $71.00 price target on the software maker’s stock. Macquarie’s price objective suggests a potential upside of 21.58% from the company’s current price.

A number of other equities analysts also recently commented on TWOU. BMO Capital Markets restated an “outperform” rating and set a $56.00 target price (up previously from $54.00) on shares of 2U in a report on Thursday, August 10th. BidaskClub downgraded 2U from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research downgraded 2U from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Credit Suisse Group began coverage on 2U in a report on Friday, September 8th. They issued an “outperform” rating and a $58.00 price objective for the company. Finally, Compass Point reissued a “buy” rating and issued a $62.00 target price (up from $56.00) on shares of 2U in a research note on Monday, September 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $69.64.

2U (NASDAQ TWOU) opened at $58.40 on Thursday. 2U has a twelve month low of $29.23 and a twelve month high of $69.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.48 and a quick ratio of 3.48.

2U (NASDAQ:TWOU) last announced its earnings results on Tuesday, November 7th. The software maker reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. The company had revenue of $70.25 million during the quarter, compared to the consensus estimate of $69.36 million. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) earnings per share. analysts predict that 2U will post -0.6 earnings per share for the current fiscal year.

In other news, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was 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 $1,048,742.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher J. Paucek sold 145,220 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $63.83, for a total value of $9,269,392.60. The disclosure for this sale can be found here. In the last three months, insiders sold 322,378 shares of company stock worth $17,959,061. 8.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TWOU. Bamco Inc. NY raised its stake in shares of 2U by 334.0% in the third quarter. Bamco Inc. NY now owns 2,311,371 shares of the software maker’s stock worth $129,529,000 after buying an additional 1,778,783 shares during the period. Wells Fargo & Company MN raised its stake in 2U by 94.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,381,103 shares of the software maker’s stock valued at $77,397,000 after purchasing an additional 670,258 shares during the period. Lord Abbett & CO. LLC raised its stake in 2U by 64.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock valued at $64,684,000 after purchasing an additional 538,487 shares during the period. Columbus Circle Investors raised its stake in 2U by 117.2% during the 2nd quarter. Columbus Circle Investors now owns 914,482 shares of the software maker’s stock valued at $82,111,000 after purchasing an additional 493,364 shares during the period. Finally, Pictet Asset Management Ltd. raised its stake in 2U by 545.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 507,033 shares of the software maker’s stock valued at $21,676,000 after purchasing an additional 428,515 shares during the period.

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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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