2U (NASDAQ:TWOU) Shares Cross Below Two Hundred Day Moving Average of $10.03

2U, Inc. (NASDAQ:TWOUGet Rating)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.03 and traded as low as $7.31. 2U shares last traded at $7.50, with a volume of 1,370,957 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on TWOU. Morgan Stanley reduced their price objective on 2U from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, August 1st. StockNews.com upgraded 2U from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Needham & Company LLC dropped their price target on 2U from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Macquarie lowered 2U from an “outperform” rating to a “neutral” rating and set a $11.00 price target on the stock. in a report on Monday, July 25th. Finally, Citigroup dropped their price target on 2U from $40.00 to $19.00 in a report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, 2U presently has an average rating of “Hold” and an average price target of $22.00.

2U Stock Performance

The company has a market capitalization of $579.15 million, a PE ratio of -1.80 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The company has a 50-day moving average price of $8.77 and a two-hundred day moving average price of $10.03.

2U (NASDAQ:TWOUGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The software maker reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.07. 2U had a negative return on equity of 20.64% and a negative net margin of 32.55%. The company had revenue of $241.46 million during the quarter, compared to analysts’ expectations of $254.26 million. During the same period in the previous year, the business earned ($0.42) earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts predict that 2U, Inc. will post -1.28 EPS for the current fiscal year.

Hedge Funds Weigh In On 2U

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ARK Investment Management LLC grew its position in 2U by 4.3% during the second quarter. ARK Investment Management LLC now owns 9,586,065 shares of the software maker’s stock worth $89,342,000 after buying an additional 399,604 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of 2U by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 7,013,123 shares of the software maker’s stock worth $93,134,000 after purchasing an additional 397,314 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of 2U by 8.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,733,984 shares of the software maker’s stock worth $76,147,000 after purchasing an additional 460,723 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its holdings in shares of 2U by 8.7% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 5,733,984 shares of the software maker’s stock worth $74,542,000 after purchasing an additional 460,723 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of 2U by 11.1% in the 1st quarter. Invesco Ltd. now owns 1,769,009 shares of the software maker’s stock worth $23,492,000 after purchasing an additional 177,100 shares in the last quarter.

2U Company Profile

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2U, Inc operates as an education technology 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.

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