2U Inc (NASDAQ:TWOU) – Equities research analysts at Oppenheimer boosted their FY2018 EPS estimates for 2U in a note issued to investors on Tuesday, November 6th. Oppenheimer analyst B. Schwartz now expects that the software maker will post earnings of ($0.67) per share for the year, up from their prior estimate of ($0.70). Oppenheimer also issued estimates for 2U’s Q4 2018 earnings at $0.05 EPS.
Several other brokerages have also recently issued reports on TWOU. DA Davidson began coverage on 2U in a report on Wednesday, August 29th. They issued a “buy” rating and a $98.00 target price on the stock. Piper Jaffray Companies began coverage on 2U in a report on Thursday, September 6th. They issued a “neutral” rating and a $94.00 target price on the stock. BidaskClub cut 2U from a “buy” rating to a “hold” rating in a report on Saturday, September 15th. ValuEngine raised 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 2nd. Finally, Barrington Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of 2U in a report on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $80.08.
2U (NASDAQ:TWOU) last issued its earnings results on Monday, November 5th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. 2U had a negative return on equity of 7.51% and a negative net margin of 11.13%. The firm had revenue of $106.96 million for the quarter, compared to analysts’ expectations of $106.49 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. The business’s revenue was up 52.3% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWOU. Wells Fargo & Company MN grew its position in 2U by 91.3% in the third quarter. Wells Fargo & Company MN now owns 1,107,213 shares of the software maker’s stock worth $83,252,000 after acquiring an additional 528,454 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in 2U by 109.5% in the third quarter. Frontier Capital Management Co. LLC now owns 684,454 shares of the software maker’s stock worth $51,464,000 after acquiring an additional 357,677 shares in the last quarter. Millennium Management LLC grew its position in 2U by 1,769.5% in the second quarter. Millennium Management LLC now owns 334,639 shares of the software maker’s stock worth $27,962,000 after acquiring an additional 316,739 shares in the last quarter. First Trust Advisors LP grew its position in 2U by 17.5% in the third quarter. First Trust Advisors LP now owns 1,809,880 shares of the software maker’s stock worth $136,085,000 after acquiring an additional 269,559 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of 2U by 4,904.4% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 149,130 shares of the software maker’s stock valued at $11,213,000 after buying an additional 146,150 shares during the period.
In related news, COO Mark Chernis sold 10,000 shares of 2U stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $84.04, for a total value of $840,400.00. Following the completion of the transaction, the chief operating officer now owns 43,602 shares in the company, valued at $3,664,312.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Paucek sold 75,000 shares of 2U stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $84.42, for a total value of $6,331,500.00. Following the completion of the transaction, the chief executive officer now owns 605,191 shares of the company’s stock, valued at approximately $51,090,224.22. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.
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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