2U (NASDAQ:TWOU) Sees Large Volume Increase

2U, Inc. (NASDAQ:TWOU) shares saw unusually-strong trading volume on Friday . Approximately 71,347 shares traded hands during trading, a decline of 95% from the previous session’s volume of 1,309,924 shares.The stock last traded at $16.33 and had previously closed at $16.40.

Several analysts recently commented on TWOU shares. Jefferies Financial Group cut their target price on shares of 2U from $55.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, January 6th. Needham & Company LLC cut their target price on shares of 2U from $61.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, November 10th. BMO Capital Markets cut their target price on shares of 2U from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, November 11th. Barrington Research cut their target price on shares of 2U from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, November 10th. Finally, Piper Sandler lowered shares of 2U from an “overweight” rating to a “neutral” rating and cut their target price for the company from $37.00 to $23.00 in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $41.67.

The company has a debt-to-equity ratio of 0.84, a current ratio of 3.71 and a quick ratio of 3.71. The company’s 50-day moving average is $22.15 and its 200 day moving average is $32.45.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Tuesday, November 9th. The software maker reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.35. The business had revenue of $232.38 million during the quarter, compared to the consensus estimate of $232.14 million. 2U had a negative net margin of 18.00% and a negative return on equity of 14.21%. During the same quarter in the prior year, the firm earned ($0.56) EPS. As a group, research analysts forecast that 2U, Inc. will post -2.08 earnings per share for the current year.

In other 2U news, Director Alexis Maybank sold 4,300 shares of the stock in a transaction that occurred on Wednesday, December 1st. The shares were sold at an average price of $24.01, for a total value of $103,243.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. purchased a new stake in 2U in the 2nd quarter worth approximately $36,000. Rockefeller Capital Management L.P. lifted its position in 2U by 42.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 893 shares of the software maker’s stock worth $36,000 after buying an additional 265 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in 2U in the 3rd quarter worth approximately $45,000. O Shaughnessy Asset Management LLC purchased a new stake in 2U in the 3rd quarter worth approximately $66,000. Finally, First Pacific Advisors LP purchased a new stake in 2U in the 3rd quarter worth approximately $77,000.

2U Company Profile (NASDAQ:TWOU)

2U, Inc engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Degree Program and Alternative Credential. The Degree Program segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.

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