2U Inc (TWOU) Receives Average Recommendation of “Buy” from Brokerages

Shares of 2U Inc (NASDAQ:TWOU) have received a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $71.56.

TWOU has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of 2U from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Oppenheimer increased their price objective on shares of 2U from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. BMO Capital Markets reiterated a “buy” rating and set a $68.00 price objective on shares of 2U in a research note on Wednesday, October 25th. Compass Point reiterated a “buy” rating and set a $70.00 price objective (up from $62.00) on shares of 2U in a research note on Monday, October 9th. Finally, Citigroup increased their price objective on shares of 2U from $57.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 20th.

Shares of 2U (NASDAQ TWOU) traded up $1.62 during mid-day trading on Tuesday, reaching $69.32. 390,990 shares of the company’s stock were exchanged, compared to its average volume of 301,559. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.48 and a quick ratio of 3.48. 2U has a twelve month low of $32.77 and a twelve month high of $69.47. The company has a market cap of $3,620.03, a P/E ratio of -103.46 and a beta of -0.20.

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

In related news, CEO Christopher J. Paucek sold 145,220 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $63.83, for a total transaction of $9,269,392.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Kenigsberg sold 9,545 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $62.86, for a total transaction of $599,998.70. The disclosure for this sale can be found here. Insiders have sold 181,923 shares of company stock valued at $11,588,620 in the last three months. 8.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Suntrust Banks Inc. lifted its position in 2U by 1.2% during the second quarter. Suntrust Banks Inc. now owns 8,407 shares of the software maker’s stock valued at $394,000 after acquiring an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in 2U by 21.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock valued at $180,000 after acquiring an additional 677 shares during the last quarter. Legal & General Group Plc lifted its position in 2U by 7.0% during the third quarter. Legal & General Group Plc now owns 17,392 shares of the software maker’s stock valued at $970,000 after acquiring an additional 1,133 shares during the last quarter. California Public Employees Retirement System lifted its position in 2U by 1.8% during the third quarter. California Public Employees Retirement System now owns 72,100 shares of the software maker’s stock valued at $4,040,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in 2U by 41.5% during the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after acquiring an additional 1,313 shares during the last quarter.

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About 2U

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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