2U (NASDAQ:TWOU) had its target price lifted by equities research analysts at KeyCorp from $90.00 to $100.00 in a research note issued to investors on Monday. The brokerage currently has an “overweight” rating on the software maker’s stock. KeyCorp’s target price would indicate a potential upside of 13.70% from the company’s previous close.
TWOU has been the subject of a number of other research reports. Robert W. Baird reiterated an “outperform” rating and issued a $90.00 target price (up previously from $70.00) on shares of 2U in a research note on Tuesday, February 27th. Oppenheimer lifted their target price on shares of 2U from $77.00 to $91.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Needham & Company LLC lifted their target price on shares of 2U to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Macquarie began coverage on shares of 2U in a research note on Thursday, December 7th. They issued an “outperform” rating and a $71.00 target price for the company. Finally, BidaskClub upgraded shares of 2U from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. One 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’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $84.45.
2U (NASDAQ TWOU) traded up $0.10 during trading hours on Monday, hitting $87.95. 738,397 shares of the stock were exchanged, compared to its average volume of 426,900. 2U has a 52 week low of $36.18 and a 52 week high of $90.81. The company has a quick ratio of 4.28, a current ratio of 4.28 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $4,590.00, a PE ratio of -144.18 and a beta of -0.13.
In related news, insider James Kenigsberg sold 9,545 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $62.86, for a total value of $599,998.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy M. Haley sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $88.67, for a total transaction of $3,990,150.00. Following the completion of the transaction, the director now owns 4,508 shares of the company’s stock, valued at approximately $399,724.36. The disclosure for this sale can be found here. Insiders sold a total of 59,120 shares of company stock valued at $4,882,694 in the last 90 days. 8.40% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Penbrook Management LLC bought a new position in 2U in the 4th quarter worth approximately $2,129,000. Xact Kapitalforvaltning AB bought a new position in 2U in the 4th quarter worth approximately $362,000. We Are One Seven LLC bought a new position in 2U in the 4th quarter worth approximately $167,000. MetLife Investment Advisors LLC bought a new position in 2U in the 4th quarter worth approximately $1,409,000. Finally, Teachers Advisors LLC raised its position in 2U by 11.2% in the 4th quarter. Teachers Advisors LLC now owns 87,894 shares of the software maker’s stock worth $5,670,000 after purchasing an additional 8,857 shares during the last quarter.
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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