2U (TWOU) Research Coverage Started at Macquarie

Macquarie began coverage on shares of 2U (NASDAQ:TWOU) in a research report report published on Thursday, MarketBeat.com reports. The firm issued an outperform rating and a $71.00 price target on the software maker’s stock.

A number of other equities analysts have also weighed in on the company. KeyCorp reiterated an overweight rating and set a $73.00 target price on shares of 2U in a research note on Friday, November 17th. Needham & Company LLC restated a buy rating and set a $66.00 price objective (up previously from $62.00) on shares of 2U in a research note on Friday, October 6th. Citigroup raised their price objective on 2U from $57.00 to $80.00 and gave the stock a buy rating in a research note on Monday, November 20th. BMO Capital Markets raised their price objective on 2U from $68.00 to $70.00 and gave the stock an outperform rating in a research note on Wednesday, November 8th. Finally, Credit Suisse Group began coverage on 2U in a research note on Friday, September 8th. They set an outperform rating and a $58.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $69.64.

2U (NASDAQ:TWOU) opened at $60.29 on Thursday. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.05. 2U has a 52 week low of $29.23 and a 52 week high of $69.27.

2U (NASDAQ:TWOU) last announced its earnings results on Tuesday, November 7th. The software maker reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.01. The company had revenue of $70.25 million for the quarter, compared to analyst estimates of $69.36 million. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) earnings per share. research analysts anticipate that 2U will post -0.6 earnings per share for the current year.

In other news, Director Mark Chernis sold 4,500 shares of 2U stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total value of $238,050.00. Following the transaction, the director now owns 19,825 shares in the company, valued at approximately $1,048,742.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher J. Paucek sold 145,220 shares of 2U stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $63.83, for a total value of $9,269,392.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,378 shares of company stock worth $10,940,561. Corporate insiders own 8.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bamco Inc. NY boosted its holdings in shares of 2U by 334.0% during the 3rd quarter. Bamco Inc. NY now owns 2,311,371 shares of the software maker’s stock valued at $129,529,000 after acquiring an additional 1,778,783 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of 2U by 94.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,381,103 shares of the software maker’s stock valued at $77,397,000 after acquiring an additional 670,258 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of 2U by 64.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock valued at $64,684,000 after acquiring an additional 538,487 shares in the last quarter. Columbus Circle Investors boosted its holdings in shares of 2U by 117.2% during the 2nd quarter. Columbus Circle Investors now owns 914,482 shares of the software maker’s stock valued at $82,111,000 after acquiring an additional 493,364 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its holdings in shares of 2U by 545.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 507,033 shares of the software maker’s stock valued at $21,676,000 after acquiring an additional 428,515 shares in the last quarter.

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2U Company Profile

2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.

Analyst Recommendations for 2U (NASDAQ:TWOU)

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