Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald lowered shares of 2U from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $5.30 to $1.50 in a report on Friday, November 10th. Morgan Stanley cut their price objective on shares of 2U from $3.00 to $2.00 and set an “equal weight” rating on the stock in a report on Friday, November 10th. Citigroup reiterated a “neutral” rating on shares of 2U in a report on Monday, November 13th. Barrington Research downgraded shares of 2U from an “outperform” rating to a “market perform” rating in a research report on Friday, November 10th. Finally, Piper Sandler dropped their target price on shares of 2U from $4.00 to $1.70 and set a “neutral” rating for the company in a research report on Monday, November 13th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.42.
2U Stock Performance
Institutional Investors Weigh In On 2U
Institutional investors have recently modified their holdings of the business. Axxcess Wealth Management LLC bought a new position in 2U in the 3rd quarter worth about $25,000. Point72 Middle East FZE bought a new position in 2U in the 4th quarter worth about $25,000. Principal Financial Group Inc. bought a new position in 2U in the 3rd quarter worth about $28,000. Qtron Investments LLC bought a new position in 2U in the 3rd quarter worth about $35,000. Finally, Hsbc Holdings PLC bought a new position in 2U in the 3rd quarter worth about $35,000. Institutional investors own 90.55% of the company’s stock.
2U, Inc operates as an online education platform 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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