2U’s (TWOU) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of 2U (NASDAQ:TWOU) in a research report sent to investors on Friday morning, Benzinga reports.

Several other equities analysts have also commented on the stock. StockNews.com started coverage on shares of 2U in a report on Friday, April 26th. They issued a hold rating on the stock. Morgan Stanley decreased their price objective on shares of 2U from $2.00 to $1.00 and set an equal weight rating on the stock in a research note on Tuesday, February 13th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, 2U has a consensus rating of Hold and an average price target of $4.31.

2U Stock Performance

Shares of NASDAQ:TWOU opened at $0.34 on Friday. The business’s 50 day simple moving average is $0.35 and its 200 day simple moving average is $0.87. 2U has a 1 year low of $0.23 and a 1 year high of $4.81. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.91.

2U (NASDAQ:TWOU) last released its earnings results on Monday, February 12th. The software maker reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). 2U had a negative net margin of 35.13% and a negative return on equity of 10.90%. The company had revenue of $255.66 million for the quarter, compared to the consensus estimate of $275.84 million. On average, sell-side analysts anticipate that 2U will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 2U

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of 2U by 232.6% during the third quarter. SG Americas Securities LLC now owns 56,607 shares of the software maker’s stock worth $140,000 after purchasing an additional 39,590 shares during the last quarter. Principal Financial Group Inc. bought a new stake in 2U during the 3rd quarter worth approximately $28,000. Los Angeles Capital Management LLC increased its position in 2U by 37.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 215,142 shares of the software maker’s stock valued at $531,000 after acquiring an additional 58,331 shares during the period. Jump Financial LLC bought a new position in shares of 2U during the third quarter valued at $47,000. Finally, Barclays PLC lifted its holdings in shares of 2U by 131.3% during the third quarter. Barclays PLC now owns 126,320 shares of the software maker’s stock worth $312,000 after purchasing an additional 71,696 shares during the period. Institutional investors own 80.53% of the company’s stock.

About 2U

2U, Inc operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.