2U Inc (NASDAQ:TWOU) COO Mark Chernis sold 10,000 shares of 2U stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total transaction of $840,400.00. Following the sale, the chief operating officer now owns 43,602 shares of the company’s stock, valued at $3,664,312.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
TWOU stock opened at $83.54 on Friday. The company has a market cap of $4.82 billion, a price-to-earnings ratio of -154.70 and a beta of -0.04. 2U Inc has a one year low of $51.54 and a one year high of $98.58. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 0.04.
2U (NASDAQ:TWOU) last posted its quarterly earnings results on Thursday, August 2nd. The software maker reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.21. The firm had revenue of $97.40 million for the quarter, compared to the consensus estimate of $95.84 million. 2U had a negative net margin of 13.69% and a negative return on equity of 9.91%. The business’s revenue was up 49.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) earnings per share. analysts anticipate that 2U Inc will post -0.71 EPS for the current year.
TWOU has been the subject of several research analyst reports. DA Davidson initiated coverage on shares of 2U in a research report on Wednesday, August 29th. They set a “buy” rating and a $98.00 target price for the company. ValuEngine upgraded shares of 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 2nd. Barrington Research reiterated a “buy” rating and set a $100.00 target price on shares of 2U in a research report on Friday, August 3rd. BidaskClub lowered shares of 2U from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Finally, BMO Capital Markets lifted their target price on shares of 2U from $97.00 to $103.00 and gave the company an “outperform” rating in a research report on Monday, June 4th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. 2U presently has an average rating of “Buy” and a consensus target price of $89.64.
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.
Featured Article: Closed-End Mutual Funds (CEFs)
Receive News & Ratings for 2U Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U and related companies with MarketBeat.com's FREE daily email newsletter.