Zacks Investment Research Lowers 2U, Inc. (TWOU) to Sell
2U, Inc. (NASDAQ:TWOU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.
According to Zacks, “2U, Inc. is an education technology company. It is a provider of cloud-based software-as-a-service (SaaS) solutions that enables nonprofit colleges and universities to deliver their education to students anywhere. The Company offers graduate and undergraduate degree programs in social work, science, public administration, healthcare, laws, education, and business administration. It also offers a suite of technology-enabled services including content development, student acquisition, and state authorization services, as well as application advising, student and faculty support, and in-program student field placements. 2U, Inc. is based in Landover, Maryland. “
A number of other research analysts have also commented on the stock. BidaskClub upgraded shares of 2U from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. KeyCorp reiterated an “overweight” rating and issued a $50.00 price target on shares of 2U in a research note on Monday, July 10th. BMO Capital Markets upped their price target on shares of 2U from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Citigroup Inc. started coverage on shares of 2U in a research note on Tuesday, July 18th. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $54.00 price target (up previously from $49.00) on shares of 2U in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $54.60.
Shares of 2U (NASDAQ TWOU) opened at 46.09 on Friday. The company’s 50-day moving average price is $48.48 and its 200-day moving average price is $42.18. The firm’s market capitalization is $2.21 billion. 2U has a 52-week low of $29.23 and a 52-week high of $52.94.
In other 2U news, Director Timothy M. Haley sold 23,296 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark Chernis sold 4,500 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,796 shares of company stock worth $2,987,524. Company insiders own 8.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of 2U by 87.7% in the fourth quarter. AQR Capital Management LLC now owns 18,685 shares of the software maker’s stock worth $563,000 after buying an additional 8,730 shares during the last quarter. Norges Bank acquired a new position in shares of 2U during the fourth quarter worth about $1,805,000. Teachers Advisors LLC raised its position in shares of 2U by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 60,225 shares of the software maker’s stock worth $1,816,000 after buying an additional 2,930 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of 2U by 10.1% in the fourth quarter. Macquarie Group Ltd. now owns 74,573 shares of the software maker’s stock worth $2,248,000 after buying an additional 6,847 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of 2U by 2,379.8% in the first quarter. Bank of Montreal Can now owns 80,346 shares of the software maker’s stock worth $3,187,000 after buying an additional 77,106 shares during the last quarter.
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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