Tower Research Capital LLC TRC increased its position in 2U, Inc. (NASDAQ:TWOU – Get Rating) stock by 305.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,082 shares of the software maker’s stock after purchasing an additional 41,495 shares during the quarter. Tower Research Capital LLC TRC owned approximately 0.07% of 2U valued at $344,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently changed their positions in the company. UBS Group AG increased its stake in 2U by 10.6% in the third quarter. UBS Group AG now owns 20,580 shares of the software maker, valued at $129,000, after buying another 1,977 shares last quarter. Massachusetts Financial Services Co. MA acquired a new position in 2U valued at $247,000 in the third quarter. The New York State Common Retirement Fund increased its stake in 2U by 16.3% in the third quarter. The New York State Common Retirement Fund now owns 60,058 shares of the software maker’s stock, valued at $375,000, after buying another 8,430 shares last quarter. Virtu Financial LLC acquired a new position in 2U valued at $108,000 during the third quarter. Finally, Fox Run Management LLC acquired a new position in 2U valued at $191,000 during the third quarter.
Wall Street analysts forecast growth
TWOU has been the subject of a number of recent research reports. Piper Sandler raised her price target on 2U to $10.00 from $7.00 and gave the company a neutral rating in a research note on Friday, February 3. BMO Capital Markets raised its price target on 2U to $11.00 from $9.00 and gave the stock an outperform rating in a research note on Monday, February 6th. Credit Suisse Group began coverage of 2U in a research note on Monday, November 21. They issued a “neutral” rating and a target price of $8.00 on the company. Needham & Company LLC reiterated a “buy” rating and a price target of $15.00 on shares of 2U in a research note on Friday, February 3rd. Finally, Goldman Sachs Group lowered its price target on 2U to $12.50 from $14.40 and gave the company a “buy” rating in a research note on Tuesday, January 10th. Six equities research analysts have rated the stock with a hold rating and four have given it a buy rating. According to data from MarketBeat.com, 2U currently has an average rating of “Hold” and an average price target of $12.00.
2U storage capacity
NASDAQ:TWOU opened at $8.79 on Tuesday. The stock has a 50-day simple moving average of $8.10 and a 200-day simple moving average of $7.35. 2U, Inc. has a 52-week low of $4.70 and a 52-week high of $14.12. The company has a debt to equity ratio of 1.85, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $696.78 million, a P/E of -2.10 and a beta of 1.20.
2U (NASDAQ:TWOU – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The software maker reported earnings per share of $0.01 for the quarter, beating analysts’ consensus estimate of ($0.03) by $0.04. The company had revenue of $236.05 million for the quarter, compared to analyst estimates of $233.68 million. 2U had a negative return on equity of 16.25% and a negative net margin of 33.45%. Analysts are forecasting that 2U, Inc. will post -0.76 EPS for the year to date.
2U company profile (get rating)
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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