Great West Life Assurance Co. Can Makes New $4.32 Million Investment in 2U, Inc. (NASDAQ:TWOU)

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 %

NASDAQ:TWOU opened at $6.66 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 stock has a 50-day simple moving average of $7.06 and a two-hundred day simple moving average of $7.46. 2U, Inc. has a 52-week low of $4.70 and a 52-week high of $18.24.

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

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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.