2U, Inc. (NASDAQ:TWOU)‘s stock had its “buy” rating reissued by Compass Point in a report issued on Monday. They presently have a $62.00 target price on the software maker’s stock, up from their prior target price of $56.00. Compass Point’s target price indicates a potential upside of 17.07% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of 2U from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $56.00 price objective (up previously from $54.00) on shares of 2U in a research report on Thursday, August 10th. Barrington Research increased their price objective on shares of 2U to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Credit Suisse Group increased their price objective on shares of 2U from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of 2U from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. 2U currently has an average rating of “Buy” and a consensus price target of $55.27.
Shares of 2U (NASDAQ:TWOU) opened at 52.96 on Monday. 2U has a 1-year low of $29.23 and a 1-year high of $55.24. The company’s market cap is $2.54 billion. The stock’s 50 day moving average is $49.78 and its 200 day moving average is $44.44.
In other 2U news, Director John M. Larson sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the transaction, the director now owns 16,065 shares of the company’s stock, valued at approximately $751,681.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of TWOU. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 2U by 182.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after buying an additional 1,693 shares during the period. Ameritas Investment Partners Inc. purchased a new position in 2U in the 1st quarter valued at approximately $126,000. Rehmann Capital Advisory Group purchased a new position in 2U in the 2nd quarter valued at approximately $204,000. Principal Financial Group Inc. purchased a new position in 2U in the 1st quarter valued at approximately $208,000. Finally, Advisor Group Inc. boosted its position in 2U by 41.5% in the 2nd quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after buying an additional 1,313 shares during the period.
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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