2U (NASDAQ:TWOU) Upgraded to “Outperform” by Barrington Research

2U (NASDAQ:TWOU) was upgraded by Barrington Research from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.

TWOU has been the topic of several other reports. Zacks Investment Research lowered shares of 2U from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Citigroup increased their price target on shares of 2U from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. BidaskClub downgraded shares of 2U from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 18th. BMO Capital Markets raised shares of 2U from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $26.00 to $33.00 in a research note on Monday, March 16th. Finally, Needham & Company LLC raised shares of 2U from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $36.92.

NASDAQ TWOU traded up $2.18 during trading hours on Thursday, hitting $20.71. 1,362,018 shares of the stock were exchanged, compared to its average volume of 1,738,280. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -5.51 and a beta of 0.32. 2U has a 12-month low of $11.37 and a 12-month high of $74.25. The stock has a 50-day moving average of $23.45 and a 200 day moving average of $21.24. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.44.

2U (NASDAQ:TWOU) last issued its earnings results on Thursday, February 6th. The software maker reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.32. 2U had a negative net margin of 40.93% and a negative return on equity of 16.45%. The company had revenue of $163.18 million for the quarter, compared to analyst estimates of $161.40 million. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 41.8% compared to the same quarter last year. On average, equities research analysts expect that 2U will post -2.34 earnings per share for the current year.

In other 2U news, CTO James Kenigsberg sold 3,856 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $30.00, for a total transaction of $115,680.00. Following the transaction, the chief technology officer now owns 172,906 shares of the company’s stock, valued at $5,187,180. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.92% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Samalin Investment Counsel LLC bought a new stake in 2U in the 4th quarter valued at about $32,000. FNY Investment Advisers LLC bought a new stake in shares of 2U during the 4th quarter worth about $38,000. CFM Wealth Partners LLC bought a new stake in shares of 2U during the 4th quarter worth about $41,000. Advisory Services Network LLC raised its position in shares of 2U by 1,767.0% during the 4th quarter. Advisory Services Network LLC now owns 1,867 shares of the software maker’s stock worth $44,000 after buying an additional 1,767 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of 2U during the 4th quarter worth about $80,000.

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.

Featured Article: What is the role of the G-20?

The Fly

Analyst Recommendations for 2U (NASDAQ:TWOU)

Receive News & Ratings for 2U Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U and related companies with MarketBeat.com's FREE daily email newsletter.