2U Inc. (TWOU) Shares Down 0.9%
2U Inc. (NASDAQ:TWOU)’s share price fell 0.9% during mid-day trading on Monday . The stock traded as low as $35.45 and last traded at $35.59, with a volume of 116,068 shares changing hands. The stock had previously closed at $35.93.
Several equities research analysts have recently weighed in on the company. Robert W. Baird reissued a “buy” rating on shares of 2U in a research note on Sunday, May 8th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of 2U in a research note on Sunday, May 8th. Needham & Company LLC assumed coverage on 2U in a research note on Friday, July 15th. They set a “buy” rating and a $40.00 price objective for the company. Barrington Research raised their price objective on 2U from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research raised 2U from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Thursday, May 12th. Eleven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $39.22.
The company has a 50 day moving average of $34.64 and a 200 day moving average of $27.90. The firm’s market capitalization is $1.66 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 business earned $49.10 million during the quarter, compared to analyst estimates of $48.50 million. During the same period in the previous year, the firm earned ($0.14) earnings per share. The firm’s revenue was up 39.3% compared to the same quarter last year. Equities analysts expect that 2U Inc. will post ($0.16) EPS for the current year.
In related news, Director Mark Chernis sold 4,500 shares of the business’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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John M. Larson sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $34.83, for a total transaction of $1,567,350.00. The disclosure for this sale can be found here.
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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