2U (NASDAQ:TWOU) Trading Down 5.9%

2U Inc (NASDAQ:TWOU) shares fell 5.9% during trading on Friday . The stock traded as low as $18.84 and last traded at $19.21, 2,193,124 shares were traded during mid-day trading. An increase of 48% from the average session volume of 1,483,010 shares. The stock had previously closed at $20.42.

Several brokerages have commented on TWOU. Credit Suisse Group dropped their price objective on 2U from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. KeyCorp began coverage on 2U in a report on Tuesday, July 16th. They issued an “overweight” rating and a $56.00 price objective on the stock. Citigroup began coverage on 2U in a report on Thursday, August 8th. They issued a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research lowered 2U from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, DA Davidson lowered 2U from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. 2U currently has a consensus rating of “Hold” and a consensus target price of $47.00.

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a 50 day moving average price of $18.91 and a 200-day moving average price of $43.86. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -30.49 and a beta of 0.55.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Tuesday, July 30th. The software maker reported ($0.43) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.59) by $0.16. The firm had revenue of $135.50 million for the quarter, compared to analyst estimates of $124.38 million. 2U had a negative return on equity of 7.63% and a negative net margin of 11.39%. The business’s revenue was up 39.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.19) earnings per share. As a group, research analysts forecast that 2U Inc will post -2.11 earnings per share for the current year.

In related news, COO Mark Chernis acquired 32,250 shares of 2U stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of $15.47 per share, for a total transaction of $498,907.50. Following the completion of the transaction, the chief operating officer now owns 104,508 shares in the company, valued at approximately $1,616,738.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory K. Peters acquired 72,358 shares of 2U stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $13.95 per share, for a total transaction of $1,009,394.10. Following the transaction, the director now owns 98,102 shares of the company’s stock, valued at approximately $1,368,522.90. The disclosure for this purchase can be found here. Insiders bought 159,608 shares of company stock worth $2,264,302 over the last ninety days. Corporate insiders own 4.92% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Meridian Wealth Management LLC purchased a new position in 2U during the first quarter worth approximately $50,000. Icon Wealth Partners LLC purchased a new position in 2U during the first quarter worth approximately $55,000. Daiwa Securities Group Inc. purchased a new position in 2U during the second quarter worth approximately $33,000. Cubist Systematic Strategies LLC purchased a new position in 2U during the second quarter worth approximately $49,000. Finally, BNP Paribas Arbitrage SA lifted its position in 2U by 27.8% during the second quarter. BNP Paribas Arbitrage SA now owns 1,596 shares of the software maker’s stock worth $60,000 after buying an additional 347 shares in the last quarter.

2U Company Profile (NASDAQ:TWOU)

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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