2U, Inc. (NASDAQ:TWOU) Receives $57.67 Consensus Price Target from Analysts

Shares of 2U, Inc. (NASDAQ:TWOU) have been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $57.67.

A number of analysts recently issued reports on the company. Barrington Research reissued a “buy” rating and issued a $65.00 target price on shares of 2U in a research report on Friday, July 30th. Morgan Stanley upped their target price on 2U from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, July 30th. Finally, Macquarie raised 2U from a “neutral” rating to an “outperform” rating in a research report on Monday, July 12th.

Shares of NASDAQ TWOU opened at $34.60 on Monday. The stock’s 50-day moving average is $38.84 and its two-hundred day moving average is $38.81. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.89 and a quick ratio of 3.89. 2U has a 1-year low of $28.45 and a 1-year high of $59.74. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -15.73 and a beta of 0.94.

2U (NASDAQ:TWOU) last released its quarterly earnings data on Wednesday, July 28th. The software maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. 2U had a negative return on equity of 13.52% and a negative net margin of 17.79%. The business had revenue of $237.21 million for the quarter, compared to the consensus estimate of $233.32 million. Equities research analysts anticipate that 2U will post -1.93 earnings per share for the current fiscal year.

In other 2U news, CFO Paul S. Lalljie sold 50,625 shares of the business’s stock in a transaction on Wednesday, June 30th. The shares were sold at an average price of $41.91, for a total transaction of $2,121,693.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew J. Norden sold 27,250 shares of the business’s stock in a transaction on Friday, September 3rd. The stock was sold at an average price of $36.98, for a total transaction of $1,007,705.00. Following the sale, the insider now owns 73,292 shares in the company, valued at $2,710,338.16. The disclosure for this sale can be found here. Insiders have sold a total of 84,763 shares of company stock valued at $3,444,249 over the last ninety days. 4.50% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Amundi Asset Management US Inc. boosted its position in shares of 2U by 22.0% in the 1st quarter. Amundi Asset Management US Inc. now owns 527,322 shares of the software maker’s stock worth $20,159,000 after buying an additional 95,107 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of 2U in the 2nd quarter worth about $1,035,000. Handelsbanken Fonder AB lifted its holdings in 2U by 4.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 14,316 shares of the software maker’s stock valued at $597,000 after purchasing an additional 600 shares in the last quarter. Davy Global Fund Management Ltd lifted its holdings in 2U by 50.7% in the 1st quarter. Davy Global Fund Management Ltd now owns 24,200 shares of the software maker’s stock valued at $925,000 after purchasing an additional 8,144 shares in the last quarter. Finally, Mirador Capital Partners LP lifted its holdings in 2U by 25.7% in the 2nd quarter. Mirador Capital Partners LP now owns 44,565 shares of the software maker’s stock valued at $1,857,000 after purchasing an additional 9,103 shares in the last quarter.

About 2U

2U, Inc engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Degree Program and Alternative Credential. The Degree Program segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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