2U (NASDAQ:TWOU – Get Rating) was upgraded from a “sell” rating to a “hold” rating by equity research analysts at StockNews.com in a research report released to clients and investors on Friday.
Several other brokers have also commented on TWOU. Barrington Research lowered its price target on 2U to $9.00 in a research note on Tuesday, November 15. Credit Suisse Group assumed coverage of 2U in a research note on Monday, November 21. They issued a “neutral” rating and a price target of $8.00 on the stock. Robert W. Baird lowered his price target on 2U from $14.00 to $10.00 in a research note on Tuesday, November 8th. Morgan Stanley lowered its price target on 2U to $10.00 from $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 9th. Finally, BMO Capital Markets raised its price target on 2U from $8.00 to $9.00 and gave the company an outperform rating in a research note on Wednesday, November 9th. Eight analysts have rated the stock with a hold rating and three with a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $11.63.
2U storage capacity
TWOU opened at $8.58 on Friday. The stock has a market cap of $671.04 million, a P/E of -1.74 and a beta of 1.13. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.88. 2U has a 1-year low of $4.70 and a 1-year high of $18.24. The stock’s 50-day simple moving average is $7.06 and its 200-day simple moving average is $7.35.
2U (NASDAQ:TWOU – Get Rating) last released its quarterly earnings data on Monday, November 7th. The software maker reported earnings per share (EPS) of ($0.26) for the quarter, beating analyst consensus estimates of ($0.29) by $0.03. The company had revenue of $232.24 million for the quarter, compared to analysts’ expectations of $231.62 million. 2U had a negative return on equity of 20.21% and a negative net margin of 38.90%. Sell-side analysts are forecasting 2U to post -1.24 YTD EPS.
Hedge funds rely on 2U
Institutional investors and hedge funds have recently bought and sold shares in the company. Clear Street Markets LLC acquired a new position in 2U valued at $31,000 during the second quarter. First Horizon Advisors Inc. acquired a new interest in 2U stock valued at $31,000 during the second quarter. Captrust Financial Advisors increased its position in shares of 2U by 179.8% in the second quarter. Captrust Financial Advisors now owns 3,391 shares of the software maker’s $36,000 worth of shares after purchasing an additional 2,179 shares last quarter. Quantbot Technologies LP acquired a new interest in 2U stock valued at $55,000 during the third quarter. Finally, Rockefeller Capital Management LP increased its position in shares of 2U by 660.9% during the third quarter. Rockefeller Capital Management LP now owns 9,222 shares of the software maker’s stock valued at $56,000 after purchasing an additional 8,010 shares last quarter.
2U company profile
2U, Inc is committed to providing educational technology to nonprofit colleges and universities. It operates through the following segments: Undergraduate and Alternative Qualification. The Degree Programs segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.
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