Compass Point reissued their buy rating on shares of 2U, Inc. (NASDAQ:TWOU) in a research note published on Monday. They currently have a $62.00 target price on the software maker’s stock, up from their prior target price of $56.00.
Several other equities analysts have also commented on the stock. Zacks Investment Research raised shares of 2U from a hold rating to a buy rating and set a $52.00 price objective for the company in a research report on Thursday, July 6th. BidaskClub raised shares of 2U from a buy rating to a strong-buy rating in a research report on Thursday, June 22nd. KeyCorp reaffirmed an overweight rating and issued a $50.00 price objective on shares of 2U in a research report on Monday, July 10th. Citigroup Inc. started coverage on shares of 2U in a research report on Tuesday, July 18th. They issued a buy rating and a $57.00 price objective for the company. Finally, BMO Capital Markets increased their price objective on shares of 2U from $48.00 to $50.00 and gave the company an outperform rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. 2U has an average rating of Buy and a consensus target price of $55.27.
2U (TWOU) opened at 52.90 on Monday. 2U has a 12-month low of $29.23 and a 12-month high of $55.24. The stock’s market capitalization is $2.54 billion. The stock’s 50 day moving average is $49.98 and its 200 day moving average is $44.68.
In other 2U news, Director John M. Larson sold 150,000 shares of the firm’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 directly owns 16,065 shares of the company’s stock, valued at approximately $751,681.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of TWOU. BlackRock Inc. raised its position in 2U by 66,695.5% during the 1st quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock worth $92,031,000 after buying an additional 2,317,001 shares during the last quarter. Wellington Management Group LLP raised its position in 2U by 226.6% during the 1st quarter. Wellington Management Group LLP now owns 3,045,515 shares of the software maker’s stock worth $120,786,000 after buying an additional 2,112,997 shares during the last quarter. Alliancebernstein L.P. raised its position in 2U by 61.2% during the 1st quarter. Alliancebernstein L.P. now owns 1,900,220 shares of the software maker’s stock worth $75,363,000 after buying an additional 721,672 shares during the last quarter. Lord Abbett & CO. LLC raised its position in 2U by 64.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock worth $64,684,000 after buying an additional 538,487 shares during the last quarter. Finally, Bamco Inc. NY purchased a new position in 2U during the 2nd quarter worth approximately $24,989,000.
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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