DA Davidson Analysts Give 2U (TWOU) a $80.00 Price Target

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DA Davidson set a $80.00 price target on 2U (NASDAQ:TWOU) in a research note released on Tuesday, The Fly reports. The brokerage currently has a buy rating on the software maker’s stock.

TWOU has been the topic of several other reports. Barrington Research reaffirmed an outperform rating and set a $75.00 price objective (down from $100.00) on shares of 2U in a report on Tuesday. KeyCorp dropped their price objective on shares of 2U from $100.00 to $80.00 and set an overweight rating on the stock in a report on Tuesday. Piper Jaffray Companies dropped their price objective on shares of 2U to $76.00 and set a neutral rating on the stock in a report on Tuesday. BidaskClub raised shares of 2U from a sell rating to a hold rating in a report on Thursday, November 1st. Finally, ValuEngine downgraded shares of 2U from a strong-buy rating to a buy rating in a report on Saturday, October 27th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $80.08.

Shares of NASDAQ:TWOU traded down $0.82 during midday trading on Tuesday, reaching $54.21. The company had a trading volume of 632,754 shares, compared to its average volume of 937,718. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.71 and a current ratio of 6.31. The company has a market capitalization of $3.27 billion, a P/E ratio of -100.39 and a beta of 0.34. 2U has a 52-week low of $49.72 and a 52-week high of $98.58.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Monday, November 5th. The software maker reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. The company had revenue of $106.96 million for the quarter, compared to the consensus estimate of $106.49 million. 2U had a negative net margin of 11.13% and a negative return on equity of 7.51%. The firm’s quarterly revenue was up 52.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.15) EPS. As a group, research analysts predict that 2U will post -0.67 earnings per share for the current year.

In other news, COO Mark Chernis sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $84.04, for a total transaction of $840,400.00. Following the sale, the chief operating officer now directly owns 43,602 shares in the company, valued at $3,664,312.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher J. Paucek sold 75,000 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were 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 in the company, valued at $51,090,224.22. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. AMP Capital Investors Ltd bought a new stake in shares of 2U during the second quarter valued at about $248,000. Independent Advisor Alliance bought a new stake in shares of 2U during the second quarter valued at about $255,000. HM Payson & Co. bought a new stake in shares of 2U during the second quarter valued at about $260,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of 2U during the second quarter valued at about $262,000. Finally, Piedmont Investment Advisors Inc. bought a new stake in shares of 2U during the third quarter valued at about $298,000.

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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Analyst Recommendations for 2U (NASDAQ:TWOU)

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