2U, Inc. (NASDAQ:TWOU) was up 0.1% on Friday . The company traded as high as $55.24 and last traded at $53.97. Approximately 378,672 shares changed hands during trading, a decline of 10% from the average daily volume of 422,586 shares. The stock had previously closed at $54.01.

A number of equities research analysts recently weighed in on TWOU shares. Zacks Investment Research upgraded 2U from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Thursday, July 6th. BidaskClub cut 2U from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Needham & Company LLC upped their price objective on 2U from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Citigroup Inc. started coverage on 2U in a research report on Tuesday, July 18th. They set a “buy” rating and a $57.00 target price on the stock. Finally, BMO Capital Markets upped their target price on 2U from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $54.60.

The stock’s 50-day moving average is $49.58 and its 200 day moving average is $44.14. The firm’s market cap is $2.58 billion.

In other news, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $44.12, for a total transaction of $198,540.00. Following the completion of the sale, the director now directly owns 19,825 shares in the company, valued at $874,679. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.40% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of TWOU. BlackRock Inc. lifted its position in shares of 2U by 66,695.5% during the first quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock worth $92,031,000 after purchasing an additional 2,317,001 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of 2U by 226.6% during the first quarter. Wellington Management Group LLP now owns 3,045,515 shares of the software maker’s stock worth $120,786,000 after purchasing an additional 2,112,997 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of 2U by 61.2% during the first quarter. Alliancebernstein L.P. now owns 1,900,220 shares of the software maker’s stock worth $75,363,000 after purchasing an additional 721,672 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of 2U by 64.1% during the second quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock worth $64,684,000 after purchasing an additional 538,487 shares during the last quarter. Finally, Bamco Inc. NY bought a new position in shares of 2U during the second quarter worth about $24,989,000.

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About 2U

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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