2U (NASDAQ:TWOU)‘s stock had its “outperform” rating reiterated by research analysts at BMO Capital Markets in a report issued on Tuesday, The Fly reports. They presently have a $72.00 price target on the software maker’s stock. BMO Capital Markets’ target price indicates a potential upside of 16.73% from the stock’s previous close.
Several other research analysts have also recently issued reports on the stock. BidaskClub upgraded shares of 2U from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. KeyCorp dropped their target price on shares of 2U from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, January 8th. ValuEngine cut shares of 2U from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. First Analysis set a $95.00 target price on shares of 2U and gave the stock a “buy” rating in a report on Friday, November 16th. Finally, Credit Suisse Group dropped their target price on shares of 2U from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, November 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $81.45.
Shares of 2U stock opened at $61.68 on Tuesday. The company has a current ratio of 6.31, a quick ratio of 6.31 and a debt-to-equity ratio of 0.04. 2U has a 1 year low of $44.50 and a 1 year high of $98.58. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of -114.22 and a beta of 0.66.
In other news, Director Gregory K. Peters purchased 9,761 shares of the stock in a transaction dated Monday, November 19th. The shares were acquired at an average cost of $51.22 per share, for a total transaction of $499,958.42. Following the acquisition, the director now owns 11,156 shares of the company’s stock, valued at $571,410.32. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.00% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in TWOU. Pier 88 Investment Partners LLC raised its position in 2U by 3.1% during the 4th quarter. Pier 88 Investment Partners LLC now owns 6,755 shares of the software maker’s stock worth $336,000 after buying an additional 200 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of 2U by 41.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,630 shares of the software maker’s stock valued at $81,000 after purchasing an additional 480 shares in the last quarter. Tompkins Financial Corp purchased a new position in shares of 2U during the 4th quarter valued at approximately $26,000. Raymond James & Associates increased its holdings in shares of 2U by 4.8% during the 2nd quarter. Raymond James & Associates now owns 15,244 shares of the software maker’s stock valued at $1,274,000 after purchasing an additional 695 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of 2U by 94.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,576 shares of the software maker’s stock valued at $78,000 after purchasing an additional 764 shares in the last quarter.
2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.
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