2U, Inc. (NASDAQ:TWOU) Receives $4.31 Average PT from Brokerages

Shares of 2U, Inc. (NASDAQ:TWOU) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $4.31.

Several research firms recently weighed in on TWOU. Needham & Company LLC reaffirmed a “hold” rating on shares of 2U in a research note on Friday. Morgan Stanley cut their target price on 2U from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 13th. Finally, StockNews.com began coverage on 2U in a research note on Saturday. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On 2U

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC purchased a new stake in 2U during the third quarter valued at approximately $25,000. Principal Financial Group Inc. purchased a new stake in 2U in the third quarter worth about $28,000. Qtron Investments LLC bought a new position in shares of 2U during the third quarter valued at approximately $35,000. Jump Financial LLC purchased a new position in shares of 2U in the 3rd quarter valued at $47,000. Finally, Oak Thistle LLC purchased a new position in shares of 2U in the 4th quarter valued at $39,000. 80.53% of the stock is currently owned by hedge funds and other institutional investors.

2U Price Performance

Shares of 2U stock opened at $0.34 on Friday. 2U has a 12 month low of $0.23 and a 12 month high of $4.81. 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 stock has a market cap of $28.20 million, a PE ratio of -0.09 and a beta of 0.93. The business has a fifty day simple moving average of $0.35 and a 200 day simple moving average of $0.87.

2U (NASDAQ:TWOU) last released its quarterly earnings results on Monday, February 12th. The software maker reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). 2U had a negative return on equity of 10.90% and a negative net margin of 35.13%. The firm had revenue of $255.66 million for the quarter, compared to analyst estimates of $275.84 million. Research analysts predict that 2U will post -0.25 EPS for the current year.

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.