Media stories about 2U (NASDAQ:TWOU) have trended positive on Sunday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 2U earned a news sentiment score of 0.40 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- JetBlue Airways Corporation (NASDAQ:JBLU) Earning Somewhat Positive Press Coverage, Analysis Finds (wpsuperfanboy.com)
- Precocity Capital LP Buys Shares of 750000 JetBlue Airways Corporation (NASDAQ:JBLU) (emfizz.com)
- This D.C. ed-tech company has just raised $2.5 million (bizjournals.com)
- 2U, Inc. (NASDAQ:TWOU) Stock Closed 6.9% Above Its 50 Day Average (highlightpress.com)
- The Sky's the Limit for These Two SaaS Companies (finance.yahoo.com)
Several brokerages recently issued reports on TWOU. Zacks Investment Research downgraded 2U from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. KeyCorp reissued an “overweight” rating and issued a $50.00 price target on shares of 2U in a report on Monday, July 10th. Needham & Company LLC reissued a “buy” rating and issued a $54.00 price target (up previously from $49.00) on shares of 2U in a report on Friday, May 5th. Finally, BMO Capital Markets raised their price target on 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $46.78.
Shares of 2U (NASDAQ TWOU) opened at 47.36 on Friday. The firm’s market capitalization is $2.25 billion. The company has a 50-day moving average price of $44.16 and a 200 day moving average price of $38.75. 2U has a 52-week low of $28.78 and a 52-week high of $48.40.
In related news, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $44.12, for a total value of $198,540.00. Following the completion of the transaction, the director now owns 19,825 shares in the company, valued at approximately $874,679. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 23,296 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $39.71, for a total transaction of $925,084.16. Following the completion of the transaction, the director now owns 23,454 shares of the company’s stock, valued at approximately $931,358.34. The disclosure for this sale can be found here. Insiders sold a total of 73,210 shares of company stock valued at $3,004,564 in the last 90 days. 8.40% of the stock is currently owned by corporate insiders.
2U Company Profile
2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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