2U (NASDAQ:TWOU) Shares Down 8.8%

2U, Inc. (NASDAQ:TWOUGet Rating) shares fell 8.8% during mid-day trading on Friday . The stock traded as low as $7.56 and last traded at $7.56. 512,235 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 1,107,203 shares. The stock had previously closed at $8.29.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TWOU. Cantor Fitzgerald reissued a “neutral” rating and issued a $9.50 price target (up previously from $8.00) on shares of 2U in a research note on Friday, February 3rd. Credit Suisse Group began coverage on 2U in a research report on Monday, November 21st. They issued a “neutral” rating and a $8.00 target price on the stock. StockNews.com began coverage on 2U in a research report on Thursday. They issued a “hold” rating on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 target price (up previously from $9.00) on shares of 2U in a research report on Friday, February 3rd. Finally, Piper Sandler lifted their target price on 2U from $7.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, February 3rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.00.

2U Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.85. The firm has a market cap of $590.56 million, a P/E ratio of -1.78 and a beta of 1.23. The business has a fifty day moving average of $8.82 and a 200 day moving average of $7.44.

2U (NASDAQ:TWOUGet Rating) last posted its quarterly earnings results on Thursday, February 2nd. The software maker reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. 2U had a negative return on equity of 16.25% and a negative net margin of 33.45%. The business had revenue of $236.05 million during the quarter, compared to analysts’ expectations of $233.68 million. On average, sell-side analysts anticipate that 2U, Inc. will post -0.76 earnings per share for the current year.

Institutional Investors Weigh In On 2U

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. boosted its holdings in shares of 2U by 563.5% during the third quarter. Federated Hermes Inc. now owns 180,263 shares of the software maker’s stock worth $1,127,000 after acquiring an additional 153,095 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of 2U during the third quarter worth approximately $2,142,000. Tower Research Capital LLC TRC boosted its holdings in shares of 2U by 305.4% during the third quarter. Tower Research Capital LLC TRC now owns 55,082 shares of the software maker’s stock worth $344,000 after acquiring an additional 41,495 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of 2U during the third quarter worth approximately $191,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of 2U by 117.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,440 shares of the software maker’s stock valued at $984,000 after buying an additional 85,095 shares during the period.

2U Company Profile

(Get Rating)

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.

Read More

Receive News & Ratings for 2U Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U and related companies with MarketBeat.com's FREE daily email newsletter.