2U (NASDAQ:TWOU) was downgraded by TheStreet from a “c-” rating to a “d” rating in a report issued on Tuesday, TheStreetRatingsTable reports.
Several other equities research analysts have also weighed in on TWOU. ValuEngine lowered shares of 2U from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. BidaskClub raised shares of 2U from a “strong sell” rating to a “sell” rating in a report on Thursday, May 9th. Needham & Company LLC decreased their price objective on shares of 2U to $75.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. DA Davidson increased their price objective on shares of 2U to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Barrington Research decreased their price objective on shares of 2U from $90.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $75.09.
TWOU opened at $40.67 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.11 and a current ratio of 5.11. 2U has a twelve month low of $38.65 and a twelve month high of $98.00. The stock has a market capitalization of $2.36 billion, a PE ratio of -64.56 and a beta of 0.64.
2U (NASDAQ:TWOU) last posted its earnings results on Tuesday, May 7th. The software maker reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.03. 2U had a negative net margin of 10.19% and a negative return on equity of 5.85%. The business had revenue of $122.20 million for the quarter, compared to analyst estimates of $121.77 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The firm’s quarterly revenue was up 32.4% compared to the same quarter last year. Analysts expect that 2U will post -1.23 earnings per share for the current year.
In other 2U news, Director Gregory K. Peters bought 12,459 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average cost of $40.15 per share, for a total transaction of $500,228.85. Following the transaction, the director now owns 25,744 shares in the company, valued at approximately $1,033,621.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Matthew J. Norden sold 1,650 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $39.31, for a total transaction of $64,861.50. Following the transaction, the insider now owns 14,142 shares in the company, valued at $555,922.02. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new stake in shares of 2U in the 3rd quarter valued at approximately $1,767,000. Neuberger Berman Group LLC raised its holdings in 2U by 21.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 18,856 shares of the software maker’s stock worth $1,418,000 after buying an additional 3,300 shares during the period. Vanguard Group Inc raised its holdings in 2U by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 4,811,529 shares of the software maker’s stock worth $361,779,000 after buying an additional 184,555 shares during the period. Mycio Wealth Partners LLC acquired a new stake in 2U during the 4th quarter worth approximately $74,000. Finally, We Are One Seven LLC acquired a new stake in 2U during the 4th quarter worth approximately $148,000.
2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.
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