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

A number of research firms have recently weighed in on TWOU. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of 2U in a research report on Sunday, May 8th. Pacific Crest reissued a “buy” rating and set a $38.00 price objective on shares of 2U in a research report on Friday. Zacks Investment Research downgraded shares of 2U from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Needham & Company LLC assumed coverage on shares of 2U in a research report on Friday, July 15th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of 2U in a research report on Monday, August 1st. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. 2U currently has an average rating of “Buy” and an average target price of $38.33.

The firm’s market cap is $1.64 billion. The firm has a 50-day moving average of $32.11 and a 200 day moving average of $25.89.

2U (NASDAQ:TWOU) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.03. The firm earned $49.10 million during the quarter, compared to the consensus estimate of $48.50 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The business’s revenue was up 39.3% compared to the same quarter last year. On average, equities analysts expect that 2U Inc. will post ($0.17) earnings per share for the current fiscal year.

In related news, Director John M. Larson sold 16,666 shares of 2U stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $27.20, for a total value of $453,315.20. The transaction was disclosed in a 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 dated Friday, June 10th. The shares were sold at an average price of $29.35, for a total value of $132,075.00. Following the completion of the sale, the director now 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 have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its stake in 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 last quarter. California Public Employees Retirement System increased its stake in 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 last quarter. Wells Fargo & Company MN increased its stake in 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 last quarter. Finally, Royce & Associates LLC increased its stake in 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 last quarter.

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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