2U Inc. (TWOU) Trading 5.1% Higher
Shares of 2U Inc. (NASDAQ:TWOU) traded up 5.1% on Thursday . The company traded as high as $31.65 and last traded at $31.24, with a volume of 369,176 shares. The stock had previously closed at $29.72.
A number of analysts have weighed in on the stock. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of 2U in a report on Sunday, May 8th. Zacks Investment Research cut shares of 2U from a “buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird reaffirmed a “buy” rating on shares of 2U in a report on Sunday, May 8th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of 2U in a report on Friday, May 6th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.22.
The firm’s market capitalization is $1.47 billion. The firm’s 50-day moving average is $28.51 and its 200-day moving average is $24.60.
In other 2U news, Director John M. Larson sold 16,666 shares of 2U stock in a transaction on Monday, May 16th. The stock was sold at an average price of $27.20, for a total transaction of $453,315.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Chernis sold 4,500 shares of 2U stock in a transaction on Friday, June 10th. The shares were sold at an average price of $29.35, for a total value of $132,075.00. Following the transaction, the director now directly owns 16,918 shares of the company’s stock, valued at $496,543.30. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in shares of 2U by 11.6% in the fourth quarter. California State Teachers Retirement System now owns 48,721 shares of the company’s stock worth $1,363,000 after buying an additional 5,061 shares during the last quarter. California Public Employees Retirement System boosted its position in 2U by 44.6% in the fourth quarter. California Public Employees Retirement System now owns 79,400 shares of the company’s stock worth $2,222,000 after buying an additional 24,500 shares in the last quarter. Carleon Capital Partners LLC acquired a new position in 2U during the fourth quarter worth about $3,373,000. American Century Companies Inc. acquired a new position in 2U during the fourth quarter worth about $3,619,000. Finally, Oxford Asset Management acquired a new position in 2U during the fourth quarter worth about $4,110,000.
2U, Inc is a provider of an integrated solution comprised 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 an online learning environment, Online Campus, which acts as the hub for student and faculty academic and social interaction, and operations applications, which provide the content management, admissions application processing, customer relationship management and other necessary functionalities.
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