2U (NASDAQ:TWOU) Posts Earnings Results, Beats Estimates By $0.41 EPS

2U (NASDAQ:TWOU) posted its quarterly earnings results on Thursday. The software maker reported ($0.34) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.75) by $0.41, MarketWatch Earnings reports. 2U had a negative return on equity of 22.05% and a negative net margin of 46.21%. The business had revenue of $182.69 million during the quarter, compared to the consensus estimate of $175.12 million.

NASDAQ:TWOU opened at $47.10 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s fifty day moving average is $39.01 and its 200 day moving average is $28.63. 2U has a fifty-two week low of $11.37 and a fifty-two week high of $48.23.

Several research analysts have weighed in on the company. ValuEngine downgraded 2U from a “buy” rating to a “hold” rating in a research note on Saturday. Berenberg Bank upgraded 2U from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, May 5th. KeyCorp assumed coverage on 2U in a research note on Monday, June 29th. They issued a “sector weight” rating for the company. Robert W. Baird upgraded 2U from a “neutral” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Monday, May 4th. Finally, Citigroup upped their price objective on 2U from $28.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $39.50.

In other 2U news, CTO James Kenigsberg sold 33,900 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $47.00, for a total value of $1,593,300.00. Following the sale, the chief technology officer now owns 120,921 shares in the company, valued at $5,683,287. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Paucek sold 150,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $38.12, for a total value of $5,718,000.00. Following the completion of the sale, the chief executive officer now owns 702,600 shares in the company, valued at approximately $26,783,112. The disclosure for this sale can be found here. In the last quarter, insiders sold 216,900 shares of company stock worth $8,396,010. Insiders own 4.50% of the company’s stock.

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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Earnings History for 2U (NASDAQ:TWOU)

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