2U Inc (NASDAQ:TWOU) COO Acquires $498,907.50 in Stock

2U Inc (NASDAQ:TWOU) COO Mark Chernis purchased 32,250 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $15.47 per share, for a total transaction of $498,907.50. Following the completion of the acquisition, the chief operating officer now owns 104,508 shares of the company’s stock, valued at approximately $1,616,738.76. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of 2U stock opened at $16.60 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.19 and a quick ratio of 2.19. 2U Inc has a 1 year low of $11.37 and a 1 year high of $90.31. The firm’s 50-day moving average is $30.17 and its two-hundred day moving average is $49.82. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -26.35 and a beta of 0.83.

2U (NASDAQ:TWOU) last issued its earnings results on Tuesday, July 30th. The software maker reported ($0.43) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.16. 2U had a negative net margin of 11.39% and a negative return on equity of 7.63%. The company had revenue of $135.50 million for the quarter, compared to analysts’ expectations of $124.38 million. During the same period in the prior year, the business earned ($0.19) EPS. The firm’s quarterly revenue was up 39.1% on a year-over-year basis. On average, equities analysts expect that 2U Inc will post -2.11 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of TWOU. Needham Investment Management LLC purchased a new position in shares of 2U in the 2nd quarter valued at approximately $752,000. Primecap Management Co. CA purchased a new position in 2U during the 2nd quarter worth approximately $45,349,000. Amundi Pioneer Asset Management Inc. raised its position in 2U by 86.5% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 387,272 shares of the software maker’s stock worth $14,577,000 after buying an additional 179,667 shares during the last quarter. United Services Automobile Association raised its position in 2U by 102.9% during the 2nd quarter. United Services Automobile Association now owns 104,397 shares of the software maker’s stock worth $3,930,000 after buying an additional 52,944 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its position in 2U by 488.7% during the 2nd quarter. Voloridge Investment Management LLC now owns 61,376 shares of the software maker’s stock worth $2,310,000 after buying an additional 50,951 shares during the last quarter.

A number of research analysts have recently commented on TWOU shares. DA Davidson cut shares of 2U from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Wednesday, July 31st. KeyCorp started coverage on shares of 2U in a report on Tuesday, July 16th. They issued an “overweight” rating and a $56.00 price target on the stock. TheStreet cut shares of 2U from a “c-” rating to a “d” rating in a report on Tuesday, May 21st. Citigroup started coverage on shares of 2U in a report on Thursday, August 8th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Barrington Research cut shares of 2U from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. 2U currently has a consensus rating of “Hold” and a consensus price target of $47.00.

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.

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