2U, Inc. (NASDAQ:TWOU) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of 2U, Inc. (NASDAQ:TWOU) by 5.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 31,362 shares of the software maker’s stock after buying an additional 1,508 shares during the period. Janney Montgomery Scott LLC’s holdings in 2U were worth $1,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in 2U by 3.6% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,272,370 shares of the software maker’s stock valued at $250,958,000 after purchasing an additional 215,827 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in 2U by 3.6% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 6,272,370 shares of the software maker’s stock valued at $250,958,000 after purchasing an additional 215,827 shares during the last quarter. BlackRock Inc. lifted its position in 2U by 5.0% in the 4th quarter. BlackRock Inc. now owns 3,262,647 shares of the software maker’s stock valued at $130,539,000 after purchasing an additional 156,126 shares during the last quarter. Riverbridge Partners LLC raised its position in shares of 2U by 79.8% during the 1st quarter. Riverbridge Partners LLC now owns 3,239,743 shares of the software maker’s stock worth $123,855,000 after buying an additional 1,437,968 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of 2U by 9.5% during the 4th quarter. First Trust Advisors LP now owns 2,800,084 shares of the software maker’s stock worth $112,031,000 after buying an additional 242,787 shares in the last quarter.

Shares of 2U stock opened at $34.88 on Friday. 2U, Inc. has a 1 year low of $28.45 and a 1 year high of $59.74. The business has a 50-day moving average of $39.01 and a two-hundred day moving average of $39.55. The company has a market capitalization of $2.60 billion, a P/E ratio of -10.14 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.57 and a quick ratio of 2.57.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Tuesday, April 27th. The software maker reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.11. 2U had a negative return on equity of 20.04% and a negative net margin of 30.92%. The firm had revenue of $232.47 million during the quarter, compared to analysts’ expectations of $219.49 million. During the same period in the prior year, the firm posted ($0.33) earnings per share. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, equities analysts anticipate that 2U, Inc. will post -2.28 EPS for the current fiscal year.

TWOU has been the topic of several recent research reports. Zacks Investment Research cut shares of 2U from a “buy” rating to a “hold” rating in a research note on Thursday, April 15th. Barrington Research increased their price objective on 2U from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. Needham & Company LLC lifted their price target on 2U from $50.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 12th. Piper Sandler lifted their price target on 2U from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 12th. Finally, Morgan Stanley reduced their target price on 2U from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, May 5th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $54.10.

2U Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates in 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.

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Institutional Ownership by Quarter for 2U (NASDAQ:TWOU)

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