Several other equities research analysts also recently commented on the company. Berenberg Bank assumed coverage on 2U in a report on Wednesday, March 6th. They set a buy rating and a $102.00 target price on the stock. Barrington Research reiterated an outperform rating and set a $90.00 target price (up from $75.00) on shares of 2U in a report on Tuesday, February 26th. Oppenheimer raised their target price on 2U from $70.00 to $83.00 and gave the company an outperform rating in a report on Tuesday, February 26th. DA Davidson lifted their price objective on 2U to $88.00 and gave the stock an in-line rating in a report on Tuesday, February 26th. Finally, Robert W. Baird lifted their price objective on 2U from $80.00 to $90.00 and gave the stock an in-line rating in a report on Tuesday, February 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $87.00.
Shares of NASDAQ:TWOU opened at $64.90 on Tuesday. The stock has a market cap of $3.77 billion, a P/E ratio of -103.02 and a beta of 0.74. The company has a current ratio of 7.62, a quick ratio of 7.62 and a debt-to-equity ratio of 0.03. 2U has a one year low of $44.50 and a one year high of $98.58.
2U (NASDAQ:TWOU) last announced its earnings results on Monday, February 25th. The software maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $115.10 million for the quarter, compared to the consensus estimate of $114.90 million. 2U had a negative return on equity of 5.77% and a negative net margin of 9.31%. The company’s revenue was up 32.8% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. On average, equities analysts forecast that 2U will post -1.16 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of TWOU. Tompkins Financial Corp purchased a new stake in 2U during the 4th quarter worth approximately $26,000. Rehmann Capital Advisory Group acquired a new position in shares of 2U in the 4th quarter worth approximately $34,000. Captrust Financial Advisors grew its position in shares of 2U by 352.8% in the 4th quarter. Captrust Financial Advisors now owns 1,046 shares of the software maker’s stock worth $52,000 after acquiring an additional 815 shares in the last quarter. Mycio Wealth Partners LLC acquired a new position in shares of 2U in the 4th quarter worth approximately $74,000. Finally, Parkside Financial Bank & Trust grew its position in shares of 2U by 94.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,576 shares of the software maker’s stock worth $78,000 after acquiring an additional 764 shares in the last quarter.
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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