2U (NASDAQ:TWOU) Sees Strong Trading Volume

Shares of 2U, Inc. (NASDAQ:TWOU) saw unusually-strong trading volume on Friday . Approximately 71,347 shares were traded during mid-day trading, a decline of 95% from the previous session’s volume of 1,309,924 shares.The stock last traded at $16.33 and had previously closed at $16.40.

A number of research analysts have recently issued reports on TWOU shares. Piper Sandler cut shares of 2U from an “overweight” rating to a “neutral” rating and cut their target price for the company from $37.00 to $23.00 in a research note on Thursday. Barrington Research cut their target price on shares of 2U from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, November 10th. BMO Capital Markets cut their target price on shares of 2U from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, November 11th. Jefferies Financial Group cut their target price on shares of 2U from $55.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, January 6th. Finally, Robert W. Baird cut their target price on shares of 2U from $66.00 to $49.00 and set an “outperform” rating for the company in a research note on Wednesday, November 10th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $41.67.

The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average of $22.15 and a 200 day moving average of $32.45.

2U (NASDAQ:TWOU) last issued its earnings results on Tuesday, November 9th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.35. 2U had a negative net margin of 18.00% and a negative return on equity of 14.21%. The company had revenue of $232.38 million for the quarter, compared to analyst estimates of $232.14 million. During the same quarter last year, the firm earned ($0.56) EPS. Analysts anticipate that 2U, Inc. will post -2.08 EPS for the current year.

In other news, Director Alexis Maybank sold 4,300 shares of the stock in a transaction on Wednesday, December 1st. The stock was sold at an average price of $24.01, for a total value of $103,243.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership bought a new position in 2U during the third quarter worth about $23,361,000. Amundi acquired a new stake in shares of 2U in the 2nd quarter valued at approximately $27,947,000. Northern Trust Corp raised its position in shares of 2U by 91.8% in the 2nd quarter. Northern Trust Corp now owns 993,230 shares of the software maker’s stock valued at $41,389,000 after acquiring an additional 475,339 shares during the period. Macquarie Group Ltd. boosted its stake in 2U by 5,841.6% during the 2nd quarter. Macquarie Group Ltd. now owns 387,038 shares of the software maker’s stock worth $16,128,000 after acquiring an additional 380,524 shares during the last quarter. Finally, Natixis acquired a new position in 2U during the third quarter valued at approximately $12,733,000.

About 2U (NASDAQ:TWOU)

2U, Inc engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Degree Program and Alternative Credential. The Degree Program segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.

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