2U, Inc. (TWOU) Price Target Increased to $70.00 by Analysts at Oppenheimer Holdings, Inc.

2U, Inc. (NASDAQ:TWOU) had its price objective lifted by research analysts at Oppenheimer Holdings, Inc. from $65.00 to $70.00 in a report issued on Wednesday, November 8th. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer Holdings, Inc.’s price target would indicate a potential upside of 4.03% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Robert W. Baird boosted their target price on shares of 2U from $49.00 to $59.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of 2U from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Credit Suisse Group boosted their target price on shares of 2U from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price (up from $62.00) on shares of 2U in a research note on Friday, October 6th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $68.00 target price on shares of 2U in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $69.50.

Shares of 2U (NASDAQ TWOU) traded down $1.62 during mid-day trading on Wednesday, reaching $67.29. 330,024 shares of the company traded hands, compared to its average volume of 408,742. 2U has a 12-month low of $29.23 and a 12-month high of $69.27. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.05.

2U (NASDAQ:TWOU) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.01. 2U had a negative net margin of 12.49% and a negative return on equity of 13.02%. The firm had revenue of $70.25 million during the quarter, compared to the consensus estimate of $69.36 million. During the same period last year, the firm posted ($0.06) EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. equities research analysts expect that 2U will post -0.6 EPS for the current fiscal year.

In related news, Director John M. Larson sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $46.79, for a total transaction of $7,018,500.00. Following the completion of the transaction, the director now owns 16,065 shares in the company, valued at $751,681.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Paucek sold 145,220 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $63.83, for a total transaction of $9,269,392.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 322,378 shares of company stock valued at $17,959,061. 8.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TWOU. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 2U by 182.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after buying an additional 1,693 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of 2U by 21.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock valued at $180,000 after buying an additional 677 shares during the period. Rehmann Capital Advisory Group acquired a new position in shares of 2U in the second quarter valued at approximately $204,000. Principal Financial Group Inc. acquired a new position in shares of 2U in the first quarter valued at approximately $208,000. Finally, Advisor Group Inc. boosted its holdings in shares of 2U by 41.5% in the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after buying an additional 1,313 shares during the period.

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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.

Analyst Recommendations for 2U (NASDAQ:TWOU)

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