2U (NASDAQ:TWOU) Stock Rating Upgraded by Credit Suisse Group

2U (NASDAQ:TWOU) was upgraded by Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report released on Friday, MarketBeat Ratings reports. The firm currently has a $48.00 price objective on the software maker’s stock, up from their prior price objective of $28.00. Credit Suisse Group’s price target would indicate a potential upside of 1.92% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on TWOU. Jefferies Financial Group assumed coverage on 2U in a research report on Thursday, July 16th. They set a “buy” rating and a $50.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $44.00 target price on shares of 2U in a report on Tuesday, June 16th. Robert W. Baird raised shares of 2U from a “neutral” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, May 4th. Barrington Research upgraded shares of 2U to a “buy” rating and set a $50.00 price objective for the company in a research report on Monday, July 27th. Finally, Piper Sandler lifted their price target on 2U from $42.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $39.50.

Shares of NASDAQ TWOU opened at $47.10 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is $39.01 and its two-hundred day moving average price is $28.63. The company has a market cap of $3.01 billion, a PE ratio of -9.61 and a beta of 0.78. 2U has a twelve month low of $11.37 and a twelve month high of $48.23.

2U (NASDAQ:TWOU) last announced its earnings results on Thursday, July 30th. The software maker reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.41. 2U had a negative net margin of 46.21% and a negative return on equity of 22.05%. The business had revenue of $182.69 million during the quarter, compared to the consensus estimate of $175.12 million. As a group, research analysts anticipate that 2U will post -2.5 EPS for the current fiscal year.

In other news, CTO James Kenigsberg sold 33,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $32.87, for a total transaction of $1,084,710.00. Following the transaction, the chief technology officer now owns 157,971 shares of the company’s stock, valued at approximately $5,192,506.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the chief executive officer now owns 702,600 shares of the company’s stock, 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. Corporate insiders own 4.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC purchased a new position in 2U in the 1st quarter valued at approximately $34,000. Parallel Advisors LLC grew its holdings in 2U by 692.6% during the 2nd quarter. Parallel Advisors LLC now owns 959 shares of the software maker’s stock valued at $36,000 after buying an additional 838 shares in the last quarter. Heritage Wealth Advisors increased its position in shares of 2U by 18,081.8% during the second quarter. Heritage Wealth Advisors now owns 200,000 shares of the software maker’s stock valued at $41,000 after buying an additional 198,900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 2U by 99.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,286 shares of the software maker’s stock worth $133,000 after buying an additional 3,132 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in 2U during the 1st quarter worth approximately $175,000.

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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