2U (NASDAQ:TWOU) Shares Cross Below 200 Day Moving Average of $12.16

Shares of 2U, Inc. (NASDAQ:TWOU) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.16 and traded as low as $1.05. 2U shares last traded at $1.51, with a volume of 5,344,763 shares traded.

Analysts Set New Price Targets

TWOU has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of 2U in a research report on Friday. StockNews.com initiated coverage on 2U in a research report on Friday, June 21st. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $123.00.

2U Stock Down 17.2 %

The stock has a 50-day simple moving average of $6.21 and a two-hundred day simple moving average of $11.95. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. The firm has a market cap of $3.50 million, a PE ratio of -0.01 and a beta of 0.80.

2U (NASDAQ:TWOU) last released its quarterly earnings data on Thursday, May 2nd. The software maker reported ($8.10) EPS for the quarter, topping the consensus estimate of ($11.10) by $3.00. The firm had revenue of $198.38 million for the quarter, compared to the consensus estimate of $195.32 million. 2U had a negative return on equity of 10.90% and a negative net margin of 35.13%. Analysts expect that 2U, Inc. will post -9.53 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TWOU. Oak Thistle LLC purchased a new position in shares of 2U in the fourth quarter worth about $39,000. Keynote Financial Services LLC purchased a new position in shares of 2U in the first quarter worth about $69,000. SG Americas Securities LLC increased its holdings in shares of 2U by 45.4% in the fourth quarter. SG Americas Securities LLC now owns 82,317 shares of the software maker’s stock worth $101,000 after buying an additional 25,710 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of 2U by 232.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 361,725 shares of the software maker’s stock worth $141,000 after buying an additional 252,800 shares during the period. Finally, Los Angeles Capital Management LLC increased 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 buying an additional 271,133 shares during the period. Hedge funds and other 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.