2U (NASDAQ:TWOU) Coverage Initiated at StockNews.com

Analysts at StockNews.com began coverage on shares of 2U (NASDAQ:TWOU) in a report released on Saturday. The firm set a “hold” rating on the software maker’s stock.

Several other equities research analysts have also recently commented on TWOU. Morgan Stanley cut their price target on 2U from $2.00 to $1.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of 2U in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.31.

2U Price Performance

TWOU stock opened at $0.34 on Friday. The stock has a market cap of $28.44 million, a price-to-earnings ratio of -0.09 and a beta of 0.93. 2U has a fifty-two week low of $0.23 and a fifty-two week high of $4.81. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.09. The business has a 50 day moving average price of $0.35 and a 200 day moving average price of $0.89.

2U (NASDAQ:TWOU) last announced its quarterly earnings results on Monday, February 12th. The software maker reported $0.43 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.07). The company had revenue of $255.66 million for the quarter, compared to analyst estimates of $275.84 million. 2U had a negative return on equity of 9.97% and a negative net margin of 35.13%. Equities research analysts anticipate that 2U will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 2U

Institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC increased its holdings in 2U by 76.1% during 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. BNP Paribas Financial Markets boosted its holdings 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 last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in 2U during the 4th quarter worth approximately $399,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 2U by 6.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,251 shares of the software maker’s stock worth $1,029,000 after purchasing an additional 50,366 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of 2U during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors 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.