2U, Inc. (NASDAQ:TWOU) Rating Reiterated by Credit Suisse Group

Credit Suisse Group restated their outperform rating on shares of 2U, Inc. (NASDAQ:TWOU) in a research report released on Wednesday, November 8th. The brokerage currently has a $70.00 target price on the software maker’s stock, up from their previous target price of $64.00.

Other research analysts have also issued research reports about the company. Needham & Company LLC reaffirmed a buy rating and set a $66.00 price objective (up previously from $62.00) on shares of 2U in a report on Friday, October 6th. Robert W. Baird reiterated a buy rating and set a $66.00 target price (up from $59.00) on shares of 2U in a research report on Friday, October 6th. Compass Point reiterated a buy rating and set a $62.00 target price (up from $56.00) on shares of 2U in a research report on Monday, September 11th. BidaskClub downgraded 2U from a strong-buy rating to a buy rating in a research report on Friday, August 11th. Finally, Citigroup Inc. assumed coverage on 2U in a research report on Tuesday, July 18th. They set a buy rating and a $57.00 target price on the stock. One equities research 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 stock. 2U has an average rating of Buy and a consensus price target of $69.50.

2U (NASDAQ TWOU) opened at $67.29 on Wednesday. 2U has a twelve month low of $29.23 and a twelve 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 data on Tuesday, November 7th. The software maker reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.01. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The firm had revenue of $70.25 million for the quarter, compared to analyst estimates of $69.36 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. 2U’s quarterly revenue was up 35.1% on a year-over-year basis. research analysts anticipate that 2U will post -0.6 earnings per share for the current year.

In related news, Director Mark Chernis sold 4,500 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total transaction of $238,050.00. Following the transaction, the director now directly owns 19,825 shares in the company, valued at $1,048,742.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Paucek sold 145,220 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $63.83, for a total value of $9,269,392.60. The disclosure for this sale can be found here. Insiders sold 322,378 shares of company stock worth $17,959,061 over the last 90 days. Company insiders own 8.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWOU. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 2U by 182.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock worth $123,000 after buying an additional 1,693 shares during the period. Ameritas Investment Partners Inc. lifted its position in 2U by 21.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock worth $180,000 after buying an additional 677 shares during the period. Rehmann Capital Advisory Group purchased a new position in 2U during the second quarter worth about $204,000. Principal Financial Group Inc. purchased a new position in 2U during the first quarter worth about $208,000. Finally, Advisor Group Inc. increased its stake in 2U by 41.5% during the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock worth $210,000 after acquiring an additional 1,313 shares during the last quarter.

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2U Company Profile

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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