2U (NASDAQ:TWOU) Stock Price Passes Below 200-Day Moving Average of $1.06

2U, Inc. (NASDAQ:TWOU) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.06 and traded as low as $0.28. 2U shares last traded at $0.28, with a volume of 809,203 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on TWOU shares. Morgan Stanley reduced their price target on shares of 2U from $2.00 to $1.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th. Needham & Company LLC downgraded shares of 2U from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, StockNews.com began coverage on shares of 2U in a research note on Thursday. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.31.

2U Stock Down 4.8 %

The company has a debt-to-equity ratio of 4.09, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s 50-day moving average is $0.41 and its 200 day moving average is $1.06. The stock has a market cap of $23.51 million, a price-to-earnings ratio of -0.07 and a beta of 0.83.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Monday, February 12th. The software maker reported $0.43 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.07). 2U had a negative return on equity of 7.92% and a negative net margin of 33.58%. The company had revenue of $255.66 million for the quarter, compared to analyst estimates of $275.84 million. Sell-side analysts anticipate that 2U, Inc. will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 2U

Several large investors have recently made changes to their positions in the business. ARK Investment Management LLC increased its position in shares of 2U by 11.2% in the third quarter. ARK Investment Management LLC now owns 9,765,122 shares of the software maker’s stock worth $24,120,000 after acquiring an additional 981,368 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 2U by 6.8% in the third quarter. Vanguard Group Inc. now owns 7,153,185 shares of the software maker’s stock worth $44,707,000 after acquiring an additional 458,189 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 2U by 4.5% in the first quarter. JPMorgan Chase & Co. now owns 1,817,383 shares of the software maker’s stock worth $12,450,000 after acquiring an additional 77,706 shares in the last quarter. Invesco Ltd. increased its position in shares of 2U by 11.1% in the first quarter. Invesco Ltd. now owns 1,769,009 shares of the software maker’s stock worth $23,492,000 after acquiring an additional 177,100 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of 2U by 14.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,759,732 shares of the software maker’s stock worth $4,347,000 after acquiring an additional 225,253 shares in the last quarter. Institutional investors and hedge funds own 80.53% of the company’s stock.

About 2U

2U, Inc operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.