Analysts Offer Predictions for 2U, Inc.’s Q3 2017 Earnings (NASDAQ:TWOU)
2U, Inc. (NASDAQ:TWOU) – KeyCorp reduced their Q3 2017 earnings per share (EPS) estimates for 2U in a research note issued on Tuesday. KeyCorp analyst B. Mcfadden now expects that the software maker will earn ($0.33) per share for the quarter, down from their previous estimate of ($0.21). KeyCorp currently has a “Overweight” rating and a $50.00 target price on the stock. KeyCorp also issued estimates for 2U’s Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at ($0.64) EPS, Q3 2018 earnings at ($0.22) EPS, Q4 2018 earnings at ($0.05) EPS and FY2018 earnings at ($0.65) EPS.
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Other equities analysts have also issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $54.00 price objective (up from $49.00) on shares of 2U in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of 2U from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Thursday, July 6th. Citigroup Inc. initiated coverage on shares of 2U in a research report on Tuesday, July 18th. They issued a “buy” rating and a $57.00 price objective on the stock. Barrington Research lifted their price objective on shares of 2U to $56.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Credit Suisse Group lifted their price objective on shares of 2U from $54.00 to $58.00 and gave the company an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $54.60.
2U (TWOU) opened at 45.97 on Friday. The company has a 50 day moving average of $48.52 and a 200 day moving average of $42.09. 2U has a 1-year low of $29.23 and a 1-year high of $52.94. The firm’s market capitalization is $2.20 billion.
Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in 2U by 105.6% in the first quarter. Bank of New York Mellon Corp now owns 474,297 shares of the software maker’s stock worth $18,810,000 after buying an additional 243,634 shares during the period. US Bancorp DE increased its stake in 2U by 16.3% in the first quarter. US Bancorp DE now owns 17,185 shares of the software maker’s stock worth $681,000 after buying an additional 2,408 shares during the period. Wells Fargo & Company MN increased its stake in 2U by 10.2% in the first quarter. Wells Fargo & Company MN now owns 574,323 shares of the software maker’s stock worth $22,777,000 after buying an additional 53,051 shares during the period. Russell Investments Group Ltd. increased its stake in 2U by 188.4% in the first quarter. Russell Investments Group Ltd. now owns 63,449 shares of the software maker’s stock worth $2,515,000 after buying an additional 41,446 shares during the period. Finally, First Mercantile Trust Co. increased its stake in 2U by 21.8% in the first quarter. First Mercantile Trust Co. now owns 26,257 shares of the software maker’s stock worth $1,041,000 after buying an additional 4,698 shares during the period.
In other 2U news, Director John M. Larson sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $41.42, for a total value of $1,863,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $44.12, for a total value of $198,540.00. Following the completion of the sale, the director now directly owns 19,825 shares of the company’s stock, valued at approximately $874,679. The disclosure for this sale can be found here. In the last three months, insiders sold 72,796 shares of company stock valued at $2,987,524. 8.40% of the stock is owned by corporate insiders.
2U Company Profile
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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