2U (NASDAQ:TWOU) Coverage Initiated by Analysts at Credit Suisse Group

Credit Suisse Group started coverage on shares of 2U (NASDAQ:TWOUGet Rating) in a research note issued to investors on Monday morning, The Fly reports. The brokerage issued a neutral rating on the software maker’s stock.

Several other brokerages have also commented on TWOU. The Goldman Sachs Group cut their price target on shares of 2U from $16.50 to $14.40 and set a buy rating for the company in a report on Tuesday, November 8th. Macquarie lowered shares of 2U from an outperform rating to a neutral rating and set a $11.00 price target for the company. in a report on Monday, July 25th. StockNews.com lowered shares of 2U from a hold rating to a sell rating in a report on Friday, November 11th. Morgan Stanley cut their price target on shares of 2U from $12.00 to $10.00 and set an equal weight rating for the company in a report on Wednesday, November 9th. Finally, BMO Capital Markets boosted their price target on shares of 2U from $8.00 to $9.00 and gave the stock an outperform rating in a report on Wednesday, November 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $14.45.

2U Price Performance

NASDAQ:TWOU opened at $7.27 on Monday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $568.55 million, a price-to-earnings ratio of -1.47 and a beta of 1.00. The company has a 50 day moving average price of $6.41 and a 200-day moving average price of $8.32. 2U has a 1-year low of $4.70 and a 1-year high of $25.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund lifted its position in 2U by 100.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,571,300 shares of the software maker’s stock valued at $9,821,000 after buying an additional 786,800 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of 2U during the third quarter worth $4,320,000. Bank of New York Mellon Corp lifted its holdings in shares of 2U by 55.1% during the first quarter. Bank of New York Mellon Corp now owns 1,461,914 shares of the software maker’s stock worth $19,415,000 after purchasing an additional 519,324 shares during the period. Nikko Asset Management Americas Inc. lifted its holdings in shares of 2U by 8.7% during the first 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 during the period. Finally, Vanguard Group Inc. lifted its holdings in 2U by 6.8% in the third quarter. Vanguard Group Inc. now owns 7,153,185 shares of the software maker’s stock valued at $44,707,000 after acquiring an additional 458,189 shares during the period.

About 2U

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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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Analyst Recommendations for 2U (NASDAQ:TWOU)

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