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.
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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