2U (NASDAQ:TWOU) PT Raised to $24.00 at BMO Capital Markets

2U (NASDAQ:TWOU) had its price target increased by equities research analysts at BMO Capital Markets from $20.00 to $24.00 in a report issued on Wednesday, The Fly reports. The brokerage presently has a “market perform” rating on the software maker’s stock. BMO Capital Markets’ price target indicates a potential upside of 5.77% from the stock’s previous close.

TWOU has been the subject of a number of other research reports. Berenberg Bank cut shares of 2U from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $81.00 to $17.00 in a research report on Thursday, August 1st. CIBC reaffirmed a “market perform” rating on shares of 2U in a research report on Wednesday, July 31st. Barrington Research cut shares of 2U from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 31st. Zacks Investment Research raised shares of 2U from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, Macquarie cut shares of 2U from an “outperform” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. 2U has an average rating of “Hold” and a consensus target price of $39.85.

Shares of TWOU traded up $0.46 during mid-day trading on Wednesday, hitting $22.69. 1,095,900 shares of the company were exchanged, compared to its average volume of 1,835,554. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.19 and a current ratio of 1.79. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -36.02 and a beta of 0.46. The company has a 50 day moving average of $17.96 and a 200-day moving average of $28.39. 2U has a 1-year low of $11.37 and a 1-year high of $80.49.

2U (NASDAQ:TWOU) last posted its quarterly earnings data on Tuesday, November 12th. The software maker reported ($0.41) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.09. The firm had revenue of $153.80 million during the quarter, compared to analysts’ expectations of $149.84 million. 2U had a negative net margin of 35.28% and a negative return on equity of 12.09%. The firm’s quarterly revenue was up 43.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.01) EPS. Research analysts anticipate that 2U will post -2.08 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Atria Investments LLC purchased a new position in 2U in the 2nd quarter valued at approximately $209,000. ARK Investment Management LLC boosted its position in 2U by 171.3% in the 2nd quarter. ARK Investment Management LLC now owns 1,403,952 shares of the software maker’s stock valued at $52,845,000 after buying an additional 886,408 shares during the period. Baillie Gifford & Co. boosted its position in 2U by 26.1% in the 2nd quarter. Baillie Gifford & Co. now owns 1,798,034 shares of the software maker’s stock valued at $67,678,000 after buying an additional 372,148 shares during the period. Bank of New York Mellon Corp boosted its position in 2U by 29.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,424,619 shares of the software maker’s stock valued at $53,624,000 after buying an additional 324,448 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in 2U in the 2nd quarter valued at approximately $33,000.

About 2U

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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