2U (NASDAQ:TWOU) Downgraded to “Hold” at Zacks Investment Research

2U (NASDAQ:TWOU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, January 31st.

According to Zacks, “2U, Inc. is an education technology company. It is a provider of cloud-based software-as-a-service (SaaS) solutions that enables nonprofit colleges and universities to deliver their education to students anywhere. The Company offers graduate and undergraduate degree programs in social work, science, public administration, healthcare, laws, education, and business administration. It also offers a suite of technology-enabled services including content development, student acquisition, and state authorization services, as well as application advising, student and faculty support, and in-program student field placements. 2U, Inc. is based in Landover, Maryland. “

TWOU has been the topic of a number of other reports. Oppenheimer boosted their price objective on shares of 2U from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $68.00 price objective on shares of 2U in a research report on Wednesday, October 25th. Citigroup boosted their price objective on shares of 2U from $57.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Compass Point reaffirmed a “buy” rating and set a $70.00 price objective (up from $62.00) on shares of 2U in a research report on Monday, October 9th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $83.00 price objective (up from $73.00) on shares of 2U in a research report on Tuesday, January 30th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $72.27.

2U (NASDAQ TWOU) opened at $73.74 on Wednesday. 2U has a 1 year low of $33.90 and a 1 year high of $76.50. The company has a market cap of $3,794.48, a P/E ratio of -110.06 and a beta of -0.05. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.05.

In other 2U news, insider James Kenigsberg sold 9,545 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $62.86, for a total value of $599,998.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul A. Maeder bought 67,830 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was acquired at an average cost of $61.45 per share, with a total value of $4,168,153.50. The disclosure for this purchase can be found here. Insiders own 8.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Suntrust Banks Inc. boosted its holdings in shares of 2U by 1.2% during the 2nd quarter. Suntrust Banks Inc. now owns 8,407 shares of the software maker’s stock worth $394,000 after buying an additional 100 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of 2U by 21.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock worth $180,000 after buying an additional 677 shares during the period. Amalgamated Bank boosted its holdings in shares of 2U by 17.5% during the 4th quarter. Amalgamated Bank now owns 6,548 shares of the software maker’s stock worth $422,000 after buying an additional 973 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 2U by 37.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,596 shares of the software maker’s stock worth $232,000 after buying an additional 974 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of 2U by 7.0% during the 3rd quarter. Legal & General Group Plc now owns 17,392 shares of the software maker’s stock worth $970,000 after buying an additional 1,133 shares during the period.

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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.

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