2U Inc. (NASDAQ:TWOU) shares fell 1.6% during mid-day trading on Monday . The stock traded as low as $34.12 and last traded at $34.29, with a volume of 120,140 shares. The stock had previously closed at $34.85.

A number of brokerages have recently weighed in on TWOU. Robert W. Baird restated a “buy” rating on shares of 2U in a research report on Sunday, May 8th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of 2U in a research report on Sunday, May 8th. Barrington Research raised their price target on 2U from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded 2U from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Thursday, May 12th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of 2U in a research report on Friday, May 6th. Eleven analysts have rated the stock with a buy rating, 2U has an average rating of “Buy” and an average price target of $39.22.

The company’s market capitalization is $1.63 billion. The company has a 50 day moving average price of $33.37 and a 200-day moving average price of $26.73.

2U (NASDAQ:TWOU) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. During the same quarter in the prior year, the firm earned ($0.14) EPS. The company had revenue of $49.10 million for the quarter, compared to analyst estimates of $48.50 million. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. On average, equities analysts expect that 2U Inc. will post ($0.16) earnings per share for the current year.

In other 2U news, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $29.35, for a total transaction of $132,075.00. Following the completion of the transaction, the director now owns 16,918 shares in the company, valued at approximately $496,543.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

An institutional investor recently raised its position in 2U stock. Wells Fargo & Company MN increased its position in 2U Inc. (NASDAQ:TWOU) by 104.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 as of its most recent SEC filing.

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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