2U Sees Unusually High Options Volume (NASDAQ:TWOU)

2U Inc (NASDAQ:TWOU) was the target of unusually large options trading on Thursday. Traders purchased 4,995 call options on the company. This represents an increase of 310% compared to the average daily volume of 1,218 call options.

TWOU has been the subject of a number of research reports. Robert W. Baird increased their price objective on 2U from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. ValuEngine upgraded 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday. BMO Capital Markets upgraded 2U from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $26.00 to $33.00 in a report on Monday, March 16th. William Blair upgraded 2U from a “market perform” rating to an “outperform” rating in a report on Friday, February 7th. Finally, BidaskClub cut 2U from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 18th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. 2U currently has a consensus rating of “Buy” and an average target price of $36.92.

Shares of NASDAQ TWOU opened at $21.76 on Friday. The stock has a 50 day moving average price of $23.40 and a 200 day moving average price of $21.24. 2U has a 52 week low of $11.37 and a 52 week high of $74.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $1.20 billion, a PE ratio of -5.79 and a beta of 0.32.

2U (NASDAQ:TWOU) last released its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.32. 2U had a negative return on equity of 16.45% and a negative net margin of 40.93%. The company had revenue of $163.18 million during the quarter, compared to analysts’ expectations of $161.40 million. During the same period last year, the firm posted $0.23 earnings per share. The business’s revenue was up 41.8% on a year-over-year basis. As a group, research analysts forecast that 2U will post -2.34 EPS for the current year.

In related news, CTO James Kenigsberg sold 3,856 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $30.00, for a total transaction of $115,680.00. Following the completion of the transaction, the chief technology officer now directly owns 172,906 shares in the company, valued at $5,187,180. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.92% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Samalin Investment Counsel LLC bought a new position in shares of 2U in the 4th quarter valued at $32,000. FNY Investment Advisers LLC bought a new position in shares of 2U in the 4th quarter valued at $38,000. CFM Wealth Partners LLC bought a new position in shares of 2U in the 4th quarter valued at $41,000. Advisory Services Network LLC increased its stake in shares of 2U by 1,767.0% in the 4th quarter. Advisory Services Network LLC now owns 1,867 shares of the software maker’s stock valued at $44,000 after purchasing an additional 1,767 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of 2U in the 4th quarter valued at $80,000.

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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