2U Inc (TWOU) Receives Average Recommendation of “Buy” from Analysts

2U Inc (NASDAQ:TWOU) has earned an average recommendation of “Buy” from the thirteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $72.89.

Several analysts recently issued reports on the company. Zacks Investment Research lowered 2U from a “buy” rating to a “hold” rating in a report on Wednesday. KeyCorp reiterated an “overweight” rating and set a $83.00 target price (up previously from $73.00) on shares of 2U in a report on Tuesday. BidaskClub upgraded 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Credit Suisse Group restated an “outperform” rating and issued a $70.00 price objective (up previously from $64.00) on shares of 2U in a research note on Wednesday, November 8th. Finally, BMO Capital Markets upped their price objective on 2U from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th.

In other 2U news, CMO Harsha Mokkarala sold 22,658 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $63.25, for a total value of $1,433,118.50. Following the sale, the chief marketing officer now owns 47,869 shares in the company, valued at $3,027,714.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher J. Paucek sold 145,220 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were 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. Insiders sold 181,923 shares of company stock worth $11,588,620 in the last 90 days. Corporate insiders own 8.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of TWOU. Schwab Charles Investment Management Inc. grew its position in shares of 2U by 7.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 177,387 shares of the software maker’s stock valued at $8,323,000 after purchasing an additional 11,928 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of 2U in the second quarter valued at approximately $222,000. Principal Financial Group Inc. grew its position in shares of 2U by 125.3% in the second quarter. Principal Financial Group Inc. now owns 11,839 shares of the software maker’s stock valued at $556,000 after purchasing an additional 6,585 shares during the last quarter. Teachers Advisors LLC grew its position in shares of 2U by 24.8% in the second quarter. Teachers Advisors LLC now owns 79,562 shares of the software maker’s stock valued at $3,733,000 after purchasing an additional 15,830 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of 2U by 18.4% in the second quarter. TIAA CREF Investment Management LLC now owns 118,071 shares of the software maker’s stock valued at $5,540,000 after purchasing an additional 18,385 shares during the last quarter.

2U (NASDAQ:TWOU) traded down $1.03 on Friday, reaching $72.50. The company had a trading volume of 251,923 shares, compared to its average volume of 310,521. 2U has a fifty-two week low of $32.77 and a fifty-two week high of $76.50. The company has a market capitalization of $3,680.00, a price-to-earnings ratio of -108.21 and a beta of -0.05. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.05.

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

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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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