2U (NASDAQ:TWOU) Trading Down 3.3%

Shares of 2U, Inc. (NASDAQ:TWOU) traded down 3.3% during mid-day trading on Thursday . The company traded as low as $16.85 and last traded at $17.15. 9,922 shares were traded during trading, a decline of 99% from the average session volume of 1,062,058 shares. The stock had previously closed at $17.73.

A number of equities analysts recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of 2U from $61.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, November 10th. Robert W. Baird lowered their price target on shares of 2U from $66.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday, November 10th. They noted that the move was a valuation call. Piper Sandler lowered shares of 2U from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $37.00 to $23.00 in a report on Thursday. Barrington Research lowered their price target on shares of 2U from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, November 10th. Finally, Jefferies Financial Group lowered their price target on shares of 2U from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, January 6th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, 2U currently has an average rating of “Buy” and an average price target of $41.67.

The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.71 and a current ratio of 3.71. The company’s 50 day moving average price is $21.93 and its 200 day moving average price is $32.28. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -7.37 and a beta of 0.88.

2U (NASDAQ:TWOU) last issued its earnings results on Tuesday, November 9th. The software maker reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.35. 2U had a negative net margin of 18.00% and a negative return on equity of 14.21%. The company had revenue of $232.38 million for the quarter, compared to the consensus estimate of $232.14 million. During the same quarter in the previous year, the company earned ($0.56) EPS. As a group, analysts predict that 2U, Inc. will post -2.08 EPS for the current year.

In other news, Director Alexis Maybank sold 4,300 shares of the business’s stock in a transaction on Wednesday, December 1st. The shares were sold at an average price of $24.01, for a total value of $103,243.00. The sale was disclosed in a filing with the SEC, which is available at this link. 4.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TWOU. Artisan Partners Limited Partnership acquired a new position in 2U during the 3rd quarter worth about $23,361,000. Amundi acquired a new position in 2U during the 2nd quarter worth about $27,947,000. Northern Trust Corp lifted its position in 2U by 91.8% during the 2nd quarter. Northern Trust Corp now owns 993,230 shares of the software maker’s stock worth $41,389,000 after buying an additional 475,339 shares in the last quarter. Macquarie Group Ltd. lifted its position in 2U by 5,841.6% during the 2nd quarter. Macquarie Group Ltd. now owns 387,038 shares of the software maker’s stock worth $16,128,000 after buying an additional 380,524 shares in the last quarter. Finally, Natixis acquired a new position in 2U during the 3rd quarter worth about $12,733,000.

2U Company Profile (NASDAQ:TWOU)

2U, Inc engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Degree Program and Alternative Credential. The Degree Program segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.

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