2U (NASDAQ:TWOU) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of 2U (NASDAQ:TWOU) in a research note issued to investors on Friday. The brokerage issued a hold rating on the software maker’s stock.

TWOU has been the topic of a number of other research reports. Needham & Company LLC downgraded shares of 2U from a buy rating to a hold rating in a research note on Tuesday, February 13th. Morgan Stanley decreased their price target on shares of 2U from $2.00 to $1.00 and set an equal weight rating on the stock in a research note on Tuesday, February 13th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, 2U presently has an average rating of Hold and an average target price of $4.31.

2U Stock Performance

Shares of TWOU stock opened at $0.24 on Friday. 2U has a 1 year low of $0.23 and a 1 year high of $6.10. The firm’s fifty day simple moving average is $0.36 and its 200 day simple moving average is $0.96. The firm has a market capitalization of $20.10 million, a P/E ratio of -0.06 and a beta of 0.83. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.09.

2U (NASDAQ:TWOU) last announced its earnings results on Monday, February 12th. The software maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). 2U had a negative return on equity of 7.92% and a negative net margin of 33.58%. The company had revenue of $255.66 million for the quarter, compared to the consensus estimate of $275.84 million. As a group, sell-side analysts predict that 2U will post -0.25 EPS for the current year.

Institutional Investors Weigh In On 2U

Several institutional investors and hedge funds have recently made changes to their positions in TWOU. Axxcess Wealth Management LLC acquired a new stake in shares of 2U in the 3rd quarter valued at $25,000. Principal Financial Group Inc. acquired a new position in 2U during the 3rd quarter worth about $28,000. Qtron Investments LLC acquired a new position in 2U during the 3rd quarter worth about $35,000. Oak Thistle LLC acquired a new position in 2U during the 4th quarter worth about $39,000. Finally, Jump Financial LLC acquired a new position in 2U during the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 80.53% of the company’s stock.

About 2U

2U, Inc operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.