2U (TWOU) PT Lowered to $75.00

2U (NASDAQ:TWOU) had its price objective trimmed by Barrington Research from $90.00 to $75.00 in a report issued on Wednesday morning, Briefing.com Automated Import reports. The firm currently has an outperform rating on the software maker’s stock.

A number of other research firms have also weighed in on TWOU. Oppenheimer upped their price objective on 2U from $70.00 to $83.00 and gave the stock an outperform rating in a research note on Tuesday, February 26th. Credit Suisse Group upped their price objective on 2U from $80.00 to $85.00 and gave the stock an outperform rating in a research note on Tuesday, February 26th. BMO Capital Markets upped their price objective on 2U from $72.00 to $83.00 and gave the stock an outperform rating in a research note on Tuesday, February 26th. DA Davidson upped their price objective on 2U to $88.00 and gave the stock an in-line rating in a research note on Tuesday, February 26th. Finally, Robert W. Baird upped their price objective on 2U from $80.00 to $90.00 and gave the stock an in-line rating in a research note on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $75.09.

TWOU traded down $1.36 during midday trading on Wednesday, reaching $41.63. The company had a trading volume of 2,106,768 shares, compared to its average volume of 943,777. The company has a quick ratio of 7.62, a current ratio of 5.11 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -66.08 and a beta of 0.64. 2U has a 1 year low of $40.64 and a 1 year high of $98.58.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.03. The business had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $121.77 million. 2U had a negative return on equity of 5.85% and a negative net margin of 10.19%. The business’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.12) earnings per share. On average, equities analysts anticipate that 2U will post -1.23 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. William Blair Investment Management LLC boosted its stake in 2U by 0.7% during the first quarter. William Blair Investment Management LLC now owns 1,605,992 shares of the software maker’s stock valued at $113,785,000 after buying an additional 10,846 shares during the last quarter. Federated Investors Inc. PA boosted its stake in 2U by 10.2% during the first quarter. Federated Investors Inc. PA now owns 215,200 shares of the software maker’s stock valued at $15,247,000 after buying an additional 20,000 shares during the last quarter. AGF Investments Inc. bought a new position in 2U during the first quarter valued at approximately $1,516,000. Swiss National Bank boosted its stake in 2U by 4.0% during the first quarter. Swiss National Bank now owns 105,600 shares of the software maker’s stock valued at $7,482,000 after buying an additional 4,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in 2U by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 46,980 shares of the software maker’s stock valued at $3,329,000 after buying an additional 2,676 shares during the last quarter.

2U Company Profile

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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Analyst Recommendations for 2U (NASDAQ:TWOU)

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