2U Inc. (NASDAQ:TWOU)’s share price was down 1.6% during trading on Monday . The stock traded as low as $34.12 and last traded at $34.29, with a volume of 120,140 shares changing hands. The stock had previously closed at $34.85.

Several equities analysts recently commented on TWOU shares. Zacks Investment Research raised shares of 2U from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday. Pacific Crest reissued a “buy” rating and set a $38.00 price target on shares of 2U in a research report on Friday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of 2U in a research report on Thursday, July 28th. Compass Point increased their price target on shares of 2U from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Robert W. Baird reissued a “buy” rating on shares of 2U in a research report on Wednesday, April 20th. Eleven equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $39.22.

The company’s market capitalization is $1.65 billion. The company has a 50 day moving average of $33.17 and a 200-day moving average of $26.62.

2U (NASDAQ:TWOU) last released 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. During the same period last year, the firm posted ($0.14) EPS. The company earned $49.10 million during the quarter, compared to analysts’ expectations of $48.50 million. 2U’s quarterly revenue was up 39.3% compared to the same quarter last year. Equities analysts predict that 2U Inc. will post ($0.16) earnings per share for the current year.

In related news, Director Mark Chernis sold 4,500 shares of the business’s 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 sale, the director now owns 16,918 shares in the company, valued at $496,543.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

A hedge fund recently raised its stake in 2U stock. Wells Fargo & Company MN raised its stake in 2U Inc. (NASDAQ:TWOU) by 104.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 997,766 shares of the company’s stock after buying an additional 509,745 shares during the period. Wells Fargo & Company MN owned about 2.19% of 2U worth $27,917,000 at the end of the most recent reporting 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.