Robert W. Baird Increases 2U, Inc. (NASDAQ:TWOU) Price Target to $59.00
2U, Inc. (NASDAQ:TWOU) had its price objective raised by stock analysts at Robert W. Baird from $49.00 to $59.00 in a report released on Tuesday. The brokerage currently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s target price would indicate a potential upside of 15.87% from the company’s previous close.
Several other research firms have also recently commented on TWOU. Needham & Company LLC lifted their target price on shares of 2U from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup Inc. initiated coverage on shares of 2U in a report on Tuesday, July 18th. They issued a “buy” rating and a $57.00 price target on the stock. Zacks Investment Research lowered shares of 2U from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub upgraded shares of 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Finally, KeyCorp reiterated an “overweight” rating and issued a $50.00 price target on shares of 2U in a report on Monday, July 10th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $53.13.
2U (TWOU) opened at 50.92 on Tuesday. The company has a 50-day moving average price of $47.66 and a 200-day moving average price of $41.48. The firm’s market capitalization is $2.42 billion. 2U has a 12-month low of $29.23 and a 12-month high of $52.94.
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In related news, Director Mark Chernis sold 4,500 shares of 2U stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $44.12, for a total transaction of $198,540.00. Following the transaction, the director now owns 19,825 shares in the company, valued at approximately $874,679. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 23,296 shares of 2U stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $39.71, for a total transaction of $925,084.16. Following the transaction, the director now owns 23,454 shares in the company, valued at approximately $931,358.34. The disclosure for this sale can be found here. Insiders have sold a total of 73,210 shares of company stock worth $3,004,564 in the last 90 days. Company insiders own 8.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in 2U by 87.7% in the fourth quarter. AQR Capital Management LLC now owns 18,685 shares of the software maker’s stock valued at $563,000 after buying an additional 8,730 shares during the last quarter. Nationwide Fund Advisors raised its position in 2U by 74.5% in the first quarter. Nationwide Fund Advisors now owns 39,968 shares of the software maker’s stock valued at $1,585,000 after buying an additional 17,066 shares during the last quarter. Macquarie Group Ltd. raised its position in 2U by 10.1% in the fourth quarter. Macquarie Group Ltd. now owns 74,573 shares of the software maker’s stock valued at $2,248,000 after buying an additional 6,847 shares during the last quarter. OppenheimerFunds Inc. acquired a new position in 2U during the first quarter valued at $9,977,000. Finally, Cortina Asset Management LLC acquired a new position in 2U during the first quarter valued at $2,342,000.
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 a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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