2U, Inc. (NASDAQ:TWOU)‘s stock had its “overweight” rating restated by equities researchers at KeyCorp in a report released on Monday. They presently have a $50.00 target price on the software maker’s stock. KeyCorp’s price objective suggests a potential upside of 8.13% from the stock’s current price.
A number of other brokerages have also recently weighed in on TWOU. Zacks Investment Research raised shares of 2U from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Thursday. BidaskClub raised shares of 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. BMO Capital Markets lifted their price target on shares of 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Needham & Company LLC reissued a “buy” rating and set a $54.00 price target (up from $49.00) on shares of 2U in a research report on Friday, May 5th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $54.00 price target (up from $43.00) on shares of 2U in a research report on Tuesday, April 4th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.78.
Shares of 2U (NASDAQ:TWOU) traded down 0.95% during trading on Monday, reaching $45.80. The company had a trading volume of 9,726 shares. The company’s market cap is $2.18 billion. The firm has a 50-day moving average of $44.16 and a 200-day moving average of $38.75. 2U has a 12-month low of $29.23 and a 12-month high of $48.40.
In related news, Director Timothy M. Haley sold 23,296 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $39.71, for a total value of $925,084.16. Following the sale, the director now directly owns 23,454 shares of the company’s stock, valued at approximately $931,358.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Larson sold 45,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $41.42, for a total transaction of $1,863,900.00. The disclosure for this sale can be found here. Insiders sold a total of 73,210 shares of company stock worth $3,004,564 over the last ninety days. 8.40% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of TWOU. Ameritas Investment Partners Inc. bought a new stake in 2U during the first quarter valued at approximately $126,000. Principal Financial Group Inc. bought a new stake in 2U during the first quarter valued at approximately $208,000. GSA Capital Partners LLP bought a new stake in 2U during the fourth quarter valued at approximately $226,000. KCG Holdings Inc. bought a new stake in 2U during the first quarter valued at approximately $250,000. Finally, Columbia Partners L L C Investment Management bought a new stake in 2U during the first quarter valued at approximately $261,000.
2U Company Profile
2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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