Shares of 2U Inc (NASDAQ:TWOU) hit a new 52-week high on Friday . The company traded as high as $69.32 and last traded at $69.32, with a volume of 390990 shares trading hands. The stock had previously closed at $67.70.
A number of analysts have weighed in on the stock. BidaskClub upgraded shares of 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research raised shares of 2U from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Friday. Credit Suisse Group reaffirmed an “outperform” rating and set a $70.00 price target (up previously from $64.00) on shares of 2U in a research note on Wednesday, November 8th. BMO Capital Markets raised their price target on shares of 2U from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $70.00 price target on shares of 2U in a research note on Wednesday, November 8th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $71.36.
The stock has a market cap of $3,570.00, a P/E ratio of -103.46 and a beta of -0.20. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.05.
2U (NASDAQ:TWOU) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The firm had revenue of $70.25 million during the quarter, compared to the consensus estimate of $69.36 million. 2U had a negative net margin of 12.49% and a negative return on equity of 13.02%. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) earnings per share. equities research analysts predict that 2U Inc will post -0.6 EPS for the current year.
In related news, insider James Kenigsberg sold 9,545 shares of 2U stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $62.86, for a total transaction of $599,998.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul A. Maeder bought 67,830 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were purchased at an average cost of $61.45 per share, with a total value of $4,168,153.50. The disclosure for this purchase can be found here. Insiders have sold 181,923 shares of company stock valued at $11,588,620 in the last three months. 8.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 2U by 182.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock worth $123,000 after buying an additional 1,693 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in 2U by 21.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock worth $180,000 after buying an additional 677 shares during the last quarter. Advisor Group Inc. raised its stake in 2U by 41.5% during the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock worth $210,000 after buying an additional 1,313 shares during the last quarter. Prudential Financial Inc. bought a new position in 2U during the second quarter worth $222,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in 2U during the second quarter worth $235,000.
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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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