2U (TWOU) Shares Down 5.6%

2U Inc (NASDAQ:TWOU) shares dropped 5.6% during mid-day trading on Thursday . The company traded as low as $62.69 and last traded at $62.85. Approximately 1,197,327 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 588,918 shares. The stock had previously closed at $66.59.

TWOU has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on shares of 2U in a research note on Wednesday, August 29th. They issued a “buy” rating and a $98.00 price objective on the stock. BidaskClub raised shares of 2U from a “hold” rating to a “buy” rating in a research note on Friday, August 24th. Barrington Research restated a “buy” rating and issued a $100.00 target price on shares of 2U in a research report on Friday, August 3rd. ValuEngine lowered shares of 2U from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Piper Jaffray Companies began coverage on shares of 2U in a research report on Thursday, September 6th. They issued a “neutral” rating and a $94.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $91.15.

The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 0.04. The stock has a market cap of $4.32 billion and a price-to-earnings ratio of -119.09.

2U (NASDAQ:TWOU) last issued its earnings results on Thursday, August 2nd. The software maker reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.21. 2U had a negative net margin of 13.69% and a negative return on equity of 9.91%. The firm had revenue of $97.40 million for the quarter, compared to analyst estimates of $95.84 million. During the same quarter last year, the business posted ($0.11) earnings per share. The company’s quarterly revenue was up 49.8% on a year-over-year basis. As a group, equities research analysts forecast that 2U Inc will post -0.71 earnings per share for the current fiscal year.

In other news, CEO Christopher J. Paucek sold 75,000 shares of 2U stock in a transaction on Monday, September 10th. The shares were sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the transaction, the chief executive officer now owns 605,191 shares in the company, valued at $51,090,224.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mark Chernis sold 10,000 shares of 2U stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $84.04, for a total transaction of $840,400.00. Following the transaction, the chief operating officer now owns 43,602 shares in the company, valued at approximately $3,664,312.08. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Raymond James & Associates lifted its holdings in 2U by 4.8% in the second quarter. Raymond James & Associates now owns 15,244 shares of the software maker’s stock valued at $1,274,000 after buying an additional 695 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in 2U by 1.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 94,100 shares of the software maker’s stock valued at $7,863,000 after buying an additional 1,200 shares during the period. Empowered Funds LLC lifted its holdings in 2U by 8.1% in the second quarter. Empowered Funds LLC now owns 16,868 shares of the software maker’s stock valued at $1,424,000 after buying an additional 1,270 shares during the period. Pier 88 Investment Partners LLC lifted its holdings in 2U by 33.1% in the second quarter. Pier 88 Investment Partners LLC now owns 5,495 shares of the software maker’s stock valued at $459,000 after buying an additional 1,365 shares during the period. Finally, Swiss National Bank lifted its holdings in 2U by 1.5% in the second quarter. Swiss National Bank now owns 92,300 shares of the software maker’s stock valued at $7,713,000 after buying an additional 1,400 shares during the period.

2U Company Profile (NASDAQ:TWOU)

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.

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