2U (NASDAQ:TWOU) Now Covered by KeyCorp

KeyCorp started coverage on shares of 2U (NASDAQ:TWOU) in a research note issued on Monday, Marketbeat Ratings reports. The firm set a “sector weight” rating on the software maker’s stock.

Several other brokerages have also recently weighed in on TWOU. DA Davidson boosted their price objective on 2U from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. ValuEngine downgraded 2U from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 1st. Barrington Research restated an “outperform” rating and set a $30.00 price target (up previously from $25.00) on shares of 2U in a report on Friday, May 1st. Credit Suisse Group cut their price objective on shares of 2U from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Finally, BidaskClub raised shares of 2U from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 19th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $32.92.

Shares of TWOU opened at $37.96 on Monday. The stock has a market capitalization of $2.41 billion, a PE ratio of -8.77 and a beta of 0.73. The company’s fifty day moving average is $34.91 and its 200 day moving average is $25.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 1.35. 2U has a fifty-two week low of $11.37 and a fifty-two week high of $40.55.

2U (NASDAQ:TWOU) last issued its quarterly earnings data on Thursday, April 30th. The software maker reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.10. 2U had a negative net margin of 43.60% and a negative return on equity of 19.90%. The business had revenue of $175.50 million during the quarter, compared to analysts’ expectations of $175.32 million. During the same period last year, the company posted ($0.15) EPS. The business’s revenue was up 43.6% on a year-over-year basis. As a group, research analysts forecast that 2U will post -3.3 earnings per share for the current year.

In other 2U news, CTO James Kenigsberg sold 33,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $32.87, for a total value of $1,084,710.00. Following the completion of the sale, the chief technology officer now directly owns 157,971 shares of the company’s stock, valued at approximately $5,192,506.77. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of 2U by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 695,646 shares of the software maker’s stock valued at $16,688,000 after purchasing an additional 34,559 shares during the period. Arizona State Retirement System bought a new stake in 2U during the 1st quarter valued at $316,000. Bank of New York Mellon Corp raised its position in 2U by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 219,716 shares of the software maker’s stock valued at $5,270,000 after purchasing an additional 28,039 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in shares of 2U in the 1st quarter worth $175,000. Finally, Swiss National Bank grew its position in shares of 2U by 1.5% during the 1st quarter. Swiss National Bank now owns 123,100 shares of the software maker’s stock worth $2,612,000 after buying an additional 1,800 shares in the last quarter.

2U Company Profile

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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Analyst Recommendations for 2U (NASDAQ:TWOU)

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