2U (NASDAQ:TWOU) Releases Earnings Results, Beats Expectations By $0.02 EPS

2U (NASDAQ:TWOUGet Rating) issued its earnings results on Thursday. The software maker reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02, MarketWatch Earnings reports. The business had revenue of $253.33 million during the quarter, compared to analysts’ expectations of $252.97 million. 2U had a negative net margin of 20.59% and a negative return on equity of 16.45%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.46) earnings per share.

Shares of TWOU stock opened at $10.39 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $11.47 and a two-hundred day moving average of $17.06. 2U has a 1-year low of $8.63 and a 1-year high of $46.52.

TWOU has been the subject of a number of recent research reports. Morgan Stanley reduced their target price on shares of 2U from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, April 14th. The Goldman Sachs Group upgraded shares of 2U from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $42.00 to $25.00 in a research report on Wednesday, February 2nd. Berenberg Bank cut shares of 2U from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Thursday, February 10th. Barrington Research cut their price objective on shares of 2U from $25.00 to $16.00 in a research report on Friday. Finally, Needham & Company LLC cut their price objective on shares of 2U from $28.00 to $19.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, 2U currently has an average rating of “Hold” and a consensus target price of $24.36.

In other 2U news, COO Mark Chernis acquired 33,482 shares of the stock in a transaction dated Monday, February 14th. The stock was acquired at an average price of $9.10 per share, with a total value of $304,686.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Paucek acquired 26,040 shares of the stock in a transaction dated Monday, February 14th. The stock was acquired at an average cost of $9.64 per share, with a total value of $251,025.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 169,522 shares of company stock valued at $1,593,012. 4.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of 2U in the fourth quarter valued at approximately $62,000. NEXT Financial Group Inc lifted its stake in 2U by 15.1% in the fourth quarter. NEXT Financial Group Inc now owns 8,142 shares of the software maker’s stock worth $163,000 after acquiring an additional 1,069 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in 2U by 448.3% in the third quarter. BNP Paribas Arbitrage SA now owns 15,132 shares of the software maker’s stock worth $508,000 after acquiring an additional 12,372 shares during the last quarter. Toroso Investments LLC lifted its stake in 2U by 69.4% in the fourth quarter. Toroso Investments LLC now owns 17,499 shares of the software maker’s stock worth $351,000 after acquiring an additional 7,171 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in 2U by 26.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 37,300 shares of the software maker’s stock worth $749,000 after acquiring an additional 7,800 shares during the last quarter.

About 2U (Get Rating)

2U, Inc operates as an education technology company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.

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Earnings History for 2U (NASDAQ:TWOU)

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