2U (NASDAQ:TWOU) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research report issued on Friday, Marketbeat reports. The firm presently has a $48.00 price objective on the software maker’s stock, up from their prior price objective of $28.00. Credit Suisse Group’s price target would suggest a potential upside of 1.92% from the company’s previous close.
Several other brokerages have also recently issued reports on TWOU. Citigroup boosted their price objective on shares of 2U from $28.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. KeyCorp began coverage on 2U in a research report on Monday, June 29th. They set a “sector weight” rating for the company. Jefferies Financial Group initiated coverage on shares of 2U in a research report on Thursday, July 16th. They set a “buy” rating and a $50.00 target price for the company. Robert W. Baird raised shares of 2U from a “neutral” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Monday, May 4th. Finally, BMO Capital Markets boosted their price objective on shares of 2U from $31.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. 2U presently has a consensus rating of “Buy” and a consensus target price of $39.50.
Shares of 2U stock opened at $47.10 on Friday. The firm has a market cap of $3.01 billion, a PE ratio of -9.61 and a beta of 0.78. The business’s fifty day moving average is $39.01 and its two-hundred day moving average is $28.63. 2U has a fifty-two week low of $11.37 and a fifty-two week high of $48.23. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.48.
2U (NASDAQ:TWOU) last posted its quarterly earnings data on Thursday, July 30th. The software maker reported ($0.34) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.75) by $0.41. The company had revenue of $182.69 million during the quarter, compared to the consensus estimate of $175.12 million. 2U had a negative net margin of 46.21% and a negative return on equity of 22.05%. Equities research analysts anticipate that 2U will post -2.5 EPS for the current year.
In other 2U news, CTO James Kenigsberg sold 33,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $32.87, for a total transaction of $1,084,710.00. Following the transaction, the chief technology officer now owns 157,971 shares in the company, valued at $5,192,506.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher J. Paucek sold 150,000 shares of 2U stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $38.12, for a total transaction of $5,718,000.00. Following the completion of the transaction, the chief executive officer now directly owns 702,600 shares in the company, valued at approximately $26,783,112. The disclosure for this sale can be found here. In the last 90 days, insiders sold 216,900 shares of company stock valued at $8,396,010. 4.50% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Ieq Capital LLC increased its stake in shares of 2U by 18.5% in the second quarter. Ieq Capital LLC now owns 96,169 shares of the software maker’s stock worth $3,651,000 after purchasing an additional 15,000 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of 2U in the second quarter valued at approximately $214,000. Hussman Strategic Advisors Inc. bought a new stake in 2U in the 2nd quarter valued at $2,335,000. M&T Bank Corp grew its position in 2U by 8.9% in the 2nd quarter. M&T Bank Corp now owns 39,328 shares of the software maker’s stock worth $1,493,000 after purchasing an additional 3,218 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 2U by 14.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,185 shares of the software maker’s stock valued at $273,000 after buying an additional 899 shares during the period.
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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