Great West Life Assurance Co. Can bought a new position in 2U, Inc. (NASDAQ:TWOU – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 691,332 shares of the software maker’s stock, valued at approximately $4,320,000.
Several other hedge funds have also added to or reduced their stakes in the stock. Clear Street Markets LLC purchased a new position in shares of 2U in the second quarter worth $31,000. First Horizon Advisors Inc. purchased a new position in shares of 2U in the second quarter worth $31,000. Captrust Financial Advisors raised its stake in shares of 2U by 179.8% in the second quarter. Captrust Financial Advisors now owns 3,391 shares of the software maker’s stock worth $36,000 after purchasing an additional 2,179 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of 2U in the first quarter worth $139,000. Finally, PDT Partners LLC purchased a new position in shares of 2U in the second quarter worth $114,000.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on TWOU. Piper Sandler upgraded 2U from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $8.00 to $7.00 in a research note on Tuesday, November 8th. Credit Suisse Group assumed coverage on 2U in a research report on Monday, November 21st. They set a “neutral” rating and a $8.00 price objective for the company. Robert W. Baird reduced their price objective on 2U from $14.00 to $10.00 in a research report on Tuesday, November 8th. Barrington Research reduced their price objective on 2U to $9.00 in a research report on Tuesday, November 15th. Finally, The Goldman Sachs Group reduced their price objective on 2U from $14.40 to $12.50 and set a “buy” rating for the company in a research report on Tuesday, January 10th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, 2U presently has an average rating of “Hold” and a consensus price target of $11.63.
2U Trading Up 4.9 %
2U (NASDAQ:TWOU – Get Rating) last released its quarterly earnings data on Monday, November 7th. The software maker reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.03. The firm had revenue of $232.24 million during the quarter, compared to analyst estimates of $231.62 million. 2U had a negative return on equity of 20.21% and a negative net margin of 38.90%. On average, sell-side analysts forecast that 2U, Inc. will post -1.24 earnings per share for the current fiscal year.
2U Company Profile
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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