2U (NASDAQ:TWOU) Stock Crosses Below 200-Day Moving Average of $1.06

2U, Inc. (NASDAQ:TWOU)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.06 and traded as low as $0.28. 2U shares last traded at $0.28, with a volume of 809,203 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TWOU shares. StockNews.com began coverage on shares of 2U in a research note on Thursday. They issued a “hold” rating on the stock. Morgan Stanley cut their price target on 2U from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 13th. Finally, Needham & Company LLC lowered 2U from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, 2U presently has a consensus rating of “Hold” and a consensus target price of $4.31.

2U Trading Down 8.1 %

The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.97 and a current ratio of 0.97. The company has a 50 day moving average of $0.40 and a 200 day moving average of $1.06. The stock has a market capitalization of $20.74 million, a price-to-earnings ratio of -0.06 and a beta of 0.83.

2U (NASDAQ:TWOU) last released its quarterly earnings data on Monday, February 12th. The software maker reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). 2U had a negative net margin of 33.58% and a negative return on equity of 7.92%. The business had revenue of $255.66 million during the quarter, compared to analyst estimates of $275.84 million. On average, research analysts predict that 2U, Inc. will post -0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On 2U

Institutional investors and hedge funds have recently bought and sold shares of the company. Vontobel Holding Ltd. grew its holdings in shares of 2U by 8.6% during the 1st quarter. Vontobel Holding Ltd. now owns 18,800 shares of the software maker’s stock worth $250,000 after purchasing an additional 1,496 shares during the period. UBS Group AG boosted its stake in 2U by 10.6% during the third quarter. UBS Group AG now owns 20,580 shares of the software maker’s stock worth $129,000 after buying an additional 1,977 shares during the period. Alliancebernstein L.P. boosted its stake in 2U by 2.3% during the third quarter. Alliancebernstein L.P. now owns 91,127 shares of the software maker’s stock worth $570,000 after buying an additional 2,027 shares during the period. Blair William & Co. IL increased its position in shares of 2U by 0.5% during the first quarter. Blair William & Co. IL now owns 420,322 shares of the software maker’s stock valued at $5,582,000 after acquiring an additional 2,167 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of 2U by 179.8% in the 2nd quarter. Captrust Financial Advisors now owns 3,391 shares of the software maker’s stock worth $36,000 after acquiring an additional 2,179 shares during the last quarter. 80.53% of the stock is currently owned by institutional investors and hedge funds.

2U Company Profile

2U, Inc operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.