2U (NASDAQ:TWOU) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of 2U (NASDAQ:TWOU) in a research report sent to investors on Thursday. The firm issued a hold rating on the software maker’s stock.

Separately, Needham & Company LLC reaffirmed a hold rating on shares of 2U in a research report on Friday, May 3rd. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $123.00.

2U Trading Up 9.7 %

NASDAQ TWOU opened at $7.49 on Thursday. The stock has a market cap of $20.99 million, a P/E ratio of -1.92 and a beta of 0.85. 2U has a fifty-two week low of $5.98 and a fifty-two week high of $144.30. The stock has a 50 day simple moving average of $8.97 and a two-hundred day simple moving average of $17.90. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.91 and a current ratio of 0.91.

2U (NASDAQ:TWOU) last released its quarterly earnings results on Thursday, May 2nd. The software maker reported ($8.10) earnings per share for the quarter, beating the consensus estimate of ($11.10) by $3.00. 2U had a negative net margin of 35.13% and a negative return on equity of 10.90%. The business had revenue of $198.38 million for the quarter, compared to analysts’ expectations of $195.32 million. On average, analysts forecast that 2U will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TWOU. Jacobs Levy Equity Management Inc. raised its holdings in shares of 2U by 14.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,759,732 shares of the software maker’s stock valued at $4,347,000 after purchasing an additional 225,253 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of 2U by 49.0% during the 4th quarter. BNP Paribas Financial Markets now owns 1,331,482 shares of the software maker’s stock valued at $1,638,000 after buying an additional 438,007 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 2U by 6.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,251 shares of the software maker’s stock valued at $1,029,000 after buying an additional 50,366 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of 2U by 76.1% in the first quarter. Los Angeles Capital Management LLC now owns 627,394 shares of the software maker’s stock worth $244,000 after acquiring an additional 271,133 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in 2U by 232.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 361,725 shares of the software maker’s stock valued at $141,000 after acquiring an additional 252,800 shares during the last quarter. Institutional investors own 80.53% of the company’s stock.

2U Company Profile

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.