StockNews.com Begins Coverage on 2U (NASDAQ:TWOU)

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

Separately, Needham & Company LLC restated a hold rating on shares of 2U in a research report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $54.00.

2U Stock Performance

The firm has a 50 day moving average price of $1.82 and a 200 day moving average price of $6.56. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $757,000.00, a P/E ratio of -0.01 and a beta of 0.81. 2U has a 12 month low of $1.05 and a 12 month high of $135.60.

Institutional Investors Weigh In On 2U

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in shares of 2U by 49.0% in 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 purchasing an additional 438,007 shares during the period. Price T Rowe Associates Inc. MD raised its position 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 valued at $141,000 after buying an additional 252,800 shares during the last quarter. Keynote Financial Services LLC acquired a new stake in 2U in the 1st quarter valued at approximately $69,000. Finally, Los Angeles Capital Management LLC lifted its stake in 2U by 76.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 627,394 shares of the software maker’s stock valued at $244,000 after acquiring an additional 271,133 shares in the last quarter. 80.53% of the stock is owned by institutional investors.

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.