2U (TWOU) Earns Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of 2U (NASDAQ:TWOU) in a report issued on Tuesday morning, MarketBeat.com reports. Barrington Research currently has a $75.00 target price on the software maker’s stock, down from their previous target price of $100.00. Barrington Research also issued estimates for 2U’s Q4 2018 earnings at $0.05 EPS and FY2018 earnings at ($0.67) EPS.

Several other brokerages have also weighed in on TWOU. BidaskClub lowered shares of 2U from a hold rating to a sell rating in a research report on Thursday, October 4th. Needham & Company LLC started coverage on shares of 2U in a research report on Tuesday, October 23rd. They issued a buy rating and a $80.00 price objective on the stock. KeyCorp dropped their price objective on shares of 2U from $100.00 to $80.00 and set an overweight rating on the stock in a research report on Tuesday. ValuEngine lowered shares of 2U from a strong-buy rating to a buy rating in a research report on Saturday, October 27th. Finally, DA Davidson started coverage on shares of 2U in a research report on Wednesday, August 29th. They issued a buy rating and a $98.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. 2U has a consensus rating of Buy and an average target price of $80.08.

Shares of TWOU traded down $0.82 during trading hours on Tuesday, hitting $54.21. The company had a trading volume of 632,754 shares, compared to its average volume of 937,718. The firm has a market capitalization of $3.27 billion, a PE ratio of -100.39 and a beta of 0.34. 2U has a 12 month low of $49.72 and a 12 month high of $98.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.31 and a quick ratio of 5.71.

2U (NASDAQ:TWOU) last issued its quarterly earnings data on Monday, November 5th. The software maker reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company had revenue of $106.96 million for the quarter, compared to analyst estimates of $106.49 million. 2U had a negative net margin of 11.13% and a negative return on equity of 7.51%. The company’s revenue was up 52.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) earnings per share. Analysts predict that 2U will post -0.67 earnings per share for the current fiscal year.

In related news, COO Mark Chernis sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total transaction of $840,400.00. Following the transaction, the chief operating officer now directly owns 43,602 shares of the company’s stock, valued at $3,664,312.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Paucek sold 75,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the transaction, the chief executive officer now directly owns 605,191 shares in the company, valued at $51,090,224.22. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Raymond James & Associates increased its position in 2U by 4.8% during the second quarter. Raymond James & Associates now owns 15,244 shares of the software maker’s stock worth $1,274,000 after acquiring an additional 695 shares during the period. State of New Jersey Common Pension Fund D increased its position in 2U by 1.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 94,100 shares of the software maker’s stock worth $7,863,000 after acquiring an additional 1,200 shares during the period. Empowered Funds LLC increased its position in 2U by 8.1% during the second quarter. Empowered Funds LLC now owns 16,868 shares of the software maker’s stock worth $1,424,000 after acquiring an additional 1,270 shares during the period. Pier 88 Investment Partners LLC increased its position in 2U by 33.1% during the second quarter. Pier 88 Investment Partners LLC now owns 5,495 shares of the software maker’s stock worth $459,000 after acquiring an additional 1,365 shares during the period. Finally, Swiss National Bank increased its position in 2U by 1.5% during the second quarter. Swiss National Bank now owns 92,300 shares of the software maker’s stock worth $7,713,000 after acquiring an additional 1,400 shares during the period.

About 2U

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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