2U Inc (NASDAQ:TWOU) Receives Average Rating of “Buy” from Brokerages

2U Inc (NASDAQ:TWOU) has been given a consensus recommendation of “Buy” by the fourteen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $72.91.

A number of research firms have recently issued reports on TWOU. KeyCorp began coverage on shares of Pluralsight in a research note on Tuesday. They issued an “overweight” rating and a $40.00 price target on the stock. ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. DA Davidson set a $14.00 price target on shares of MACOM Technology Solutions and gave the company a “hold” rating in a research note on Wednesday, May 8th. Barrington Research set a $22.00 price target on shares of The Hackett Group and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, Oppenheimer reduced their price target on shares of 2U from $83.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th.

TWOU stock traded down $1.13 during trading on Friday, reaching $39.14. 583,501 shares of the stock were exchanged, compared to its average volume of 689,557. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $37.63. 2U has a 1 year low of $34.26 and a 1 year high of $90.31. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of -62.13 and a beta of 0.93.

2U (NASDAQ:TWOU) last issued its earnings results on Tuesday, May 7th. The software maker reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.03. 2U had a negative net margin of 10.19% and a negative return on equity of 5.85%. The company had revenue of $122.20 million for the quarter, compared to the consensus estimate of $121.77 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. 2U’s quarterly revenue was up 32.4% compared to the same quarter last year. Sell-side analysts expect that 2U will post -1.23 EPS for the current fiscal year.

In other 2U news, Director Gregory K. Peters acquired 12,459 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of $40.15 per share, for a total transaction of $500,228.85. Following the completion of the acquisition, the director now owns 25,744 shares of the company’s stock, valued at approximately $1,033,621.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James Kenigsberg sold 7,353 shares of 2U stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $38.91, for a total transaction of $286,105.23. Following the completion of the transaction, the insider now owns 142,341 shares of the company’s stock, valued at approximately $5,538,488.31. The disclosure for this sale can be found here. Insiders sold 9,155 shares of company stock valued at $356,942 in the last 90 days. Company insiders own 4.92% of the company’s stock.

Several hedge funds have recently made changes to their positions in TWOU. LPL Financial LLC lifted its stake in shares of 2U by 11.0% in the 4th quarter. LPL Financial LLC now owns 14,895 shares of the software maker’s stock valued at $741,000 after purchasing an additional 1,472 shares during the period. California Public Employees Retirement System lifted its stake in shares of 2U by 2.7% in the 4th quarter. California Public Employees Retirement System now owns 77,300 shares of the software maker’s stock valued at $3,843,000 after purchasing an additional 2,032 shares during the period. New York State Common Retirement Fund lifted its stake in shares of 2U by 2.7% in the 4th quarter. New York State Common Retirement Fund now owns 125,009 shares of the software maker’s stock valued at $6,215,000 after purchasing an additional 3,271 shares during the period. BlackRock Inc. lifted its stake in shares of 2U by 3.1% in the 4th quarter. BlackRock Inc. now owns 2,557,923 shares of the software maker’s stock valued at $127,180,000 after purchasing an additional 76,882 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of 2U by 20.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,080,616 shares of the software maker’s stock valued at $53,729,000 after purchasing an additional 183,573 shares during the period.

About 2U

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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Analyst Recommendations for 2U (NASDAQ:TWOU)

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