2U (NASDAQ:TWOU) had its price target decreased by Piper Jaffray Companies to $76.00 in a report published on Tuesday, The Fly reports. Piper Jaffray Companies currently has a neutral rating on the software maker’s stock. Piper Jaffray Companies also issued estimates for 2U’s Q4 2018 earnings at $0.08 EPS, FY2018 earnings at ($0.64) EPS, Q1 2019 earnings at ($0.32) EPS, Q2 2019 earnings at ($0.41) EPS, Q3 2019 earnings at ($0.24) EPS, Q4 2019 earnings at $0.12 EPS, FY2019 earnings at ($0.84) EPS, FY2020 earnings at ($0.73) EPS and FY2021 earnings at ($0.55) EPS.

Other research analysts have also issued reports about the stock. ValuEngine lowered shares of 2U from a strong-buy rating to a buy rating in a research note on Saturday, October 27th. BidaskClub lowered shares of 2U from a buy rating to a hold rating in a research note on Saturday, September 15th. Needham & Company LLC began coverage on shares of 2U in a research note on Tuesday, October 23rd. They issued a buy rating and a $80.00 price objective for the company. Finally, DA Davidson began coverage on shares of 2U in a research note on Wednesday, August 29th. They issued a buy rating and a $98.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $80.08.

Shares of TWOU stock traded down $0.82 during trading hours on Tuesday, hitting $54.21. 632,754 shares of the company were exchanged, compared to its average volume of 937,718. The company has a quick ratio of 5.71, a current ratio of 6.31 and a debt-to-equity ratio of 0.04. 2U has a 52-week low of $49.72 and a 52-week high of $98.58. The firm has a market cap of $3.27 billion, a P/E ratio of -100.39 and a beta of 0.34.

2U (NASDAQ:TWOU) last released its quarterly earnings data on Monday, November 5th. The software maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. 2U had a negative net margin of 11.13% and a negative return on equity of 7.51%. The business had revenue of $106.96 million during the quarter, compared to analyst estimates of $106.49 million. During the same period in the previous year, the business earned ($0.15) EPS. 2U’s revenue was up 52.3% compared to the same quarter last year. As a group, equities analysts expect that 2U will post -0.67 EPS for the current year.

In other 2U news, CEO Christopher J. Paucek sold 75,000 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $84.42, for a total value of $6,331,500.00. Following the completion of the transaction, the chief executive officer now directly owns 605,191 shares of the company’s stock, valued at approximately $51,090,224.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Mark Chernis sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total transaction of $840,400.00. Following the completion of the transaction, the chief operating officer now directly owns 43,602 shares of the company’s stock, valued at $3,664,312.08. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Raymond James & Associates boosted its holdings in 2U by 4.8% in the 2nd quarter. Raymond James & Associates now owns 15,244 shares of the software maker’s stock valued at $1,274,000 after purchasing an additional 695 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in 2U by 1.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 94,100 shares of the software maker’s stock valued at $7,863,000 after purchasing an additional 1,200 shares during the period. Empowered Funds LLC boosted its holdings in 2U by 8.1% in the 2nd quarter. Empowered Funds LLC now owns 16,868 shares of the software maker’s stock valued at $1,424,000 after purchasing an additional 1,270 shares during the period. Pier 88 Investment Partners LLC boosted its holdings in 2U by 33.1% in the 2nd quarter. Pier 88 Investment Partners LLC now owns 5,495 shares of the software maker’s stock valued at $459,000 after purchasing an additional 1,365 shares during the period. Finally, Swiss National Bank boosted its holdings in 2U by 1.5% in the 2nd quarter. Swiss National Bank now owns 92,300 shares of the software maker’s stock valued at $7,713,000 after purchasing an additional 1,400 shares during the period.

2U Company Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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