Zacks Investment Research upgraded shares of 2U (NASDAQ:TWOU) from a hold rating to a buy rating in a report issued on Tuesday morning, Zacks.com reports. They currently have $25.00 price objective on the software maker’s stock.
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. “
TWOU has been the topic of a number of other reports. Robert W. Baird downgraded shares of 2U from an outperform rating to a neutral rating and dropped their target price for the stock from $58.00 to $29.00 in a research note on Wednesday, July 31st. William Blair assumed coverage on shares of 2U in a research report on Monday, August 12th. They issued a market perform rating on the stock. Credit Suisse Group dropped their target price on shares of 2U from $42.00 to $32.00 and set a neutral rating on the stock in a research report on Wednesday, November 13th. BidaskClub upgraded shares of 2U from a sell rating to a hold rating in a research report on Tuesday, November 12th. Finally, Berenberg Bank lowered shares of 2U from a buy rating to a hold rating and dropped their target price for the company from $81.00 to $17.00 in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. 2U has a consensus rating of Hold and an average price target of $38.38.
2U (NASDAQ:TWOU) last announced its earnings results on Tuesday, November 12th. The software maker reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.09. The firm had revenue of $153.80 million for the quarter, compared to analysts’ expectations of $149.84 million. 2U had a negative net margin of 35.28% and a negative return on equity of 12.09%. The business’s revenue was up 43.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. Equities analysts anticipate that 2U will post -2.09 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in shares of 2U by 11,992.2% during the third quarter. Tower Research Capital LLC TRC now owns 6,167 shares of the software maker’s stock valued at $100,000 after acquiring an additional 6,116 shares during the last quarter. SG Americas Securities LLC raised its position in 2U by 11.5% in the 3rd quarter. SG Americas Securities LLC now owns 18,680 shares of the software maker’s stock valued at $304,000 after purchasing an additional 1,925 shares during the last quarter. First Trust Advisors LP raised its position in 2U by 34.9% in the 3rd quarter. First Trust Advisors LP now owns 3,406,374 shares of the software maker’s stock valued at $55,456,000 after purchasing an additional 882,084 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in 2U by 70.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 88,289 shares of the software maker’s stock valued at $1,437,000 after purchasing an additional 36,379 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in 2U by 37.6% in the 3rd quarter. California Public Employees Retirement System now owns 101,700 shares of the software maker’s stock valued at $1,656,000 after purchasing an additional 27,800 shares during the last quarter.
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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