Shares of 2U Inc (NASDAQ:TWOU) have been given an average recommendation of “Hold” by the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $39.70.
Several equities analysts have issued reports on the company. DA Davidson lowered 2U from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Wednesday, July 31st. ValuEngine lowered 2U from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Oppenheimer lowered 2U from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 31st. Barrington Research lowered 2U from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 31st. Finally, Piper Jaffray Companies lowered their target price on 2U from $78.00 to $57.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th.
Shares of NASDAQ:TWOU traded down $0.39 during midday trading on Wednesday, hitting $15.62. 2,698,900 shares of the stock were exchanged, compared to its average volume of 1,345,427. The firm has a market cap of $960.16 million, a PE ratio of -24.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.19 and a quick ratio of 2.19. The business’s 50-day simple moving average is $31.38. 2U has a 12 month low of $11.37 and a 12 month high of $90.31.
In related news, Director John M. Larson purchased 50,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $15.10 per share, with a total value of $755,000.00. Following the transaction, the director now owns 69,416 shares of the company’s stock, valued at approximately $1,048,181.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Kenigsberg sold 7,353 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $38.91, for a total value of $286,105.23. Following the completion of the sale, the insider now directly owns 142,341 shares of the company’s stock, valued at $5,538,488.31. The disclosure for this sale can be found here. Corporate insiders own 4.92% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in 2U in the 4th quarter valued at $11,188,000. TimesSquare Capital Management LLC grew its stake in shares of 2U by 7.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,888,080 shares of the software maker’s stock worth $133,770,000 after acquiring an additional 130,620 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of 2U by 57.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 44,304 shares of the software maker’s stock worth $2,203,000 after acquiring an additional 16,163 shares during the period. Penbrook Management LLC grew its stake in shares of 2U by 31.7% during the 1st quarter. Penbrook Management LLC now owns 14,380 shares of the software maker’s stock worth $1,019,000 after acquiring an additional 3,460 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of 2U by 3.2% during the 1st quarter. California Public Employees Retirement System now owns 79,779 shares of the software maker’s stock worth $5,652,000 after acquiring an additional 2,479 shares during the period.
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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