2U (NASDAQ:TWOU) Lifted to Hold at StockNews.com

2U (NASDAQ:TWOU – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other research analysts have also recently issued research reports about the stock. William Blair cut shares of 2U from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 10th. Berenberg Bank cut shares of 2U from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research note on Thursday, February 10th. Zacks Investment Research cut shares of 2U from a “buy” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald assumed coverage on shares of 2U in a research report on Tuesday, March 29th. They issued a “neutral” rating and a $12.00 price objective for the company. Finally, The Goldman Sachs Group upgraded shares of 2U from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $42.00 to $25.00 in a research report on Wednesday, February 2nd. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $23.61.

NASDAQ TWOU traded down $0.47 during trading on Tuesday, reaching $10.60. 1,078,441 shares of the company traded hands, compared to its average volume of 2,369,071. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50 day moving average price is $11.41 and its two-hundred day moving average price is $15.41. The company has a market cap of $816.96 million, a price-to-earnings ratio of -2.92 and a beta of 1.22. 2U has a 1-year low of $8.12 and a 1-year high of $46.52.

2U (NASDAQ:TWOU – Get Rating) last posted its earnings results on Thursday, May 5th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. 2U had a negative net margin of 28.45% and a negative return on equity of 18.88%. The company had revenue of $253.33 million during the quarter, compared to analysts’ expectations of $252.97 million. During the same quarter in the previous year, the company posted ($0.46) earnings per share. 2U’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts expect that 2U will post -1.67 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the business. Weiss Multi Strategy Advisers LLC bought a new stake in shares of 2U during the 1st quarter valued at $1,218,000. Cim Investment Management Inc. acquired a new position in shares of 2U in the 1st quarter valued at $218,000. River & Mercantile Asset Management LLP acquired a new position in shares of 2U in the 1st quarter valued at $1,968,000. Wellington Management Group LLP grew its holdings in shares of 2U by 17.4% in the 1st quarter. Wellington Management Group LLP now owns 773,207 shares of the software maker’s stock valued at $10,269,000 after buying an additional 114,854 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of 2U by 11.1% in the 1st quarter. Invesco Ltd. now owns 1,769,009 shares of the software maker’s stock valued at $23,492,000 after buying an additional 177,100 shares during the period.

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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