2U Inc. (NASDAQ:TWOU) shares traded down 2.5% on Friday . The stock traded as low as $33.25 and last traded at $34.14, with a volume of 500,615 shares trading hands. The stock had previously closed at $35.01.

Several research analysts have weighed in on the stock. Compass Point upped their price objective on shares of 2U from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. Barrington Research boosted their target price on shares of 2U from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. Oppenheimer Holdings Inc. boosted their target price on shares of 2U from $29.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday. Robert W. Baird reissued a “buy” rating on shares of 2U in a research report on Sunday, May 8th. Finally, Needham & Company LLC started coverage on shares of 2U in a research report on Friday, July 15th. They issued a “buy” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $37.44.

The stock has a 50 day moving average of $32.02 and a 200-day moving average of $25.82. The stock’s market capitalization is $1.64 billion.

2U (NASDAQ:TWOU) last announced its earnings results on Thursday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.03. The company had revenue of $49.10 million for the quarter, compared to analyst estimates of $48.50 million. The business’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) earnings per share. On average, analysts anticipate that 2U Inc. will post ($0.19) earnings per share for the current year.

In other 2U news, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $29.35, for a total transaction of $132,075.00. Following the sale, the director now directly owns 16,918 shares in the company, valued at approximately $496,543.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Larson sold 16,666 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $27.20, for a total transaction of $453,315.20. The disclosure for this sale can be found here.

A number of hedge funds recently made changes to their positions in TWOU. California State Teachers Retirement System increased its stake 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 valued at $1,363,000 after buying an additional 5,061 shares during the period. California Public Employees Retirement System increased its stake in shares of 2U by 44.6% in the fourth quarter. California Public Employees Retirement System now owns 79,400 shares of the company’s stock valued at $2,222,000 after buying an additional 24,500 shares during the period. Royce & Associates LLC increased its stake in shares of 2U by 190.9% in the fourth quarter. Royce & Associates LLC now owns 292,348 shares of the company’s stock valued at $8,180,000 after buying an additional 191,848 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of 2U by 104.5% in the fourth quarter. Wells Fargo & Company MN now owns 997,766 shares of the company’s stock valued at $27,917,000 after buying an additional 509,745 shares during the period.

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 an online learning environment, Online Campus, which acts as the hub for student and faculty academic and social interaction, and operations applications.

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