Needham & Company LLC assumed coverage on shares of 2U (NASDAQ:TWOU) in a report issued on Tuesday, The Fly reports. The firm set a “buy” rating on the software maker’s stock.
A number of other equities analysts have also issued reports on TWOU. ValuEngine lowered 2U from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. BidaskClub lowered 2U from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Barrington Research reissued a “buy” rating and set a $100.00 price target on shares of 2U in a report on Friday, August 3rd. DA Davidson started coverage on 2U in a report on Wednesday, August 29th. They set a “buy” rating and a $98.00 price target on the stock. Finally, Piper Jaffray Companies started coverage on 2U in a report on Thursday, September 6th. They set a “neutral” rating and a $94.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $91.15.
Shares of TWOU stock traded down $1.03 during mid-day trading on Tuesday, hitting $63.54. 459,394 shares of the stock were exchanged, compared to its average volume of 586,791. The firm has a market cap of $3.65 billion and a price-to-earnings ratio of -117.67. 2U has a 12-month low of $57.84 and a 12-month high of $98.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.71 and a current ratio of 5.71.
2U (NASDAQ:TWOU) last released its quarterly earnings results on Thursday, August 2nd. The software maker reported ($0.19) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.21. 2U had a negative return on equity of 9.91% and a negative net margin of 13.69%. The firm had revenue of $97.40 million for the quarter, compared to analyst estimates of $95.84 million. During the same quarter last year, the company posted ($0.11) earnings per share. The business’s revenue was up 49.8% on a year-over-year basis. As a group, research analysts predict that 2U will post -0.71 EPS for the current year.
In other 2U news, CEO Christopher J. Paucek sold 75,000 shares of 2U stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $84.42, for a total value of $6,331,500.00. Following the sale, the chief executive officer now owns 605,191 shares of the company’s stock, valued at approximately $51,090,224.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mark Chernis sold 10,000 shares of 2U stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total value of $840,400.00. Following the completion of the sale, the chief operating officer now directly owns 43,602 shares in the company, valued at approximately $3,664,312.08. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new stake in 2U in the 2nd quarter valued at approximately $135,000. AMP Capital Investors Ltd purchased a new stake in 2U in the 2nd quarter valued at approximately $248,000. Independent Advisor Alliance purchased a new stake in 2U in the 2nd quarter valued at approximately $255,000. HM Payson & Co. purchased a new stake in 2U in the 2nd quarter valued at approximately $260,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in 2U in the 2nd quarter valued at approximately $262,000.
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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