2U’s (TWOU) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of 2U (NASDAQ:TWOU) in a research report sent to investors on Friday morning, Benzinga reports.

Separately, StockNews.com started coverage on shares of 2U in a research report on Friday, June 21st. They set a hold rating for the company. 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, the company has an average rating of Hold and a consensus target price of $123.00.

2U Price Performance

Shares of 2U stock opened at $2.65 on Friday. The firm has a market cap of $7.42 million, a PE ratio of -0.02 and a beta of 0.80. 2U has a twelve month low of $1.05 and a twelve month high of $144.30. 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 business has a 50-day moving average price of $6.05 and a 200 day moving average price of $11.50.

2U (NASDAQ:TWOU) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported ($8.10) EPS for the quarter, beating analysts’ consensus estimates of ($11.10) by $3.00. The business had revenue of $198.38 million during the quarter, compared to analysts’ expectations of $195.32 million. 2U had a negative return on equity of 10.90% and a negative net margin of 35.13%. Sell-side analysts predict that 2U will post -9.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 2U

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oak Thistle LLC acquired a new stake in shares of 2U in the fourth quarter valued at about $39,000. Keynote Financial Services LLC purchased a new stake in 2U during the 1st quarter valued at about $69,000. SG Americas Securities LLC raised its holdings in 2U by 45.4% in the 4th quarter. SG Americas Securities LLC now owns 82,317 shares of the software maker’s stock valued at $101,000 after acquiring an additional 25,710 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 2U by 232.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 361,725 shares of the software maker’s stock worth $141,000 after purchasing an additional 252,800 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of 2U by 76.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 627,394 shares of the software maker’s stock worth $244,000 after purchasing an additional 271,133 shares during 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.