2U, Inc. (NASDAQ:TWOU) Receives $10.95 Consensus Price Target from Brokerages

Shares of 2U, Inc. (NASDAQ:TWOU – Get Rating) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.95.

A number of research firms have recently commented on TWOU. Piper Sandler reduced their price objective on shares of 2U from $10.00 to $6.00 in a research note on Thursday, April 27th. StockNews.com began coverage on shares of 2U in a research report on Thursday, May 18th. They set a “hold” rating on the stock. BMO Capital Markets lowered their price objective on 2U from $11.00 to $9.00 in a research report on Friday, April 28th. Credit Suisse Group cut their target price on 2U from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 22nd. Finally, Morgan Stanley lowered their target price on 2U from $10.00 to $6.50 and set an “equal weight” rating for the company in a report on Friday, April 21st.

2U Stock Up 13.6 %

Shares of TWOU opened at $4.09 on Friday. The stock’s 50-day moving average price is $5.49 and its two-hundred day moving average price is $7.07. 2U has a 12 month low of $3.37 and a 12 month high of $13.15. The company has a market capitalization of $328.92 million, a PE ratio of -1.27 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.86.

2U (NASDAQ:TWOU – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The software maker reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. The company had revenue of $238.50 million for the quarter, compared to analyst estimates of $238.66 million. 2U had a negative return on equity of 13.75% and a negative net margin of 26.41%. On average, analysts anticipate that 2U will post -0.56 EPS for the current year.

Institutional Trading of 2U

Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in 2U during the 4th quarter worth approximately $9,215,000. Intrinsic Edge Capital Management LLC bought a new stake in 2U during the first quarter worth $9,977,000. JPMorgan Chase & Co. raised its position in 2U by 144.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,739,677 shares of the software maker’s stock valued at $10,908,000 after buying an additional 1,028,476 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in 2U by 100.3% during the 3rd 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 acquiring an additional 786,800 shares in the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in 2U during the 3rd quarter valued at $4,320,000.

About 2U

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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.