StockNews.com began coverage on shares of 2U (NASDAQ:TWOU – Free Report) in a research report report published on Saturday. The firm issued a hold rating on the software maker’s stock.
TWOU has been the topic of a number of other research reports. Needham & Company LLC reissued a hold rating on shares of 2U in a research report on Friday. Morgan Stanley reduced their price target on 2U from $2.00 to $1.00 and set an equal weight rating on the stock in a research report on Tuesday, February 13th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, 2U has an average rating of Hold and a consensus target price of $4.31.
View Our Latest Analysis on TWOU
2U Price Performance
2U (NASDAQ:TWOU – Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The software maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The company had revenue of $255.66 million for the quarter, compared to analyst estimates of $275.84 million. 2U had a negative return on equity of 10.90% and a negative net margin of 35.13%. Equities research analysts predict that 2U will post -0.25 earnings per share for the current year.
Institutional Investors Weigh In On 2U
Several hedge funds have recently modified their holdings of TWOU. Axxcess Wealth Management LLC acquired a new stake in shares of 2U during the 3rd quarter valued at $25,000. Principal Financial Group Inc. acquired a new stake in shares of 2U during the 3rd quarter valued at $28,000. Qtron Investments LLC acquired a new stake in shares of 2U during the 3rd quarter valued at $35,000. Oak Thistle LLC acquired a new stake in shares of 2U during the 4th quarter valued at $39,000. Finally, Jump Financial LLC acquired a new stake in shares of 2U during the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 80.53% of the company’s stock.
About 2U
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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