Needham & Company LLC Reiterates “Buy” Rating for 2U (NASDAQ:TWOU)

2U (NASDAQ:TWOU)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a report issued on Friday, Benzinga reports. They currently have a $3.00 price target on the software maker’s stock. Needham & Company LLC’s target price indicates a potential upside of 138.10% from the company’s previous close.

Several other research firms have also recently commented on TWOU. Barrington Research cut 2U from an “outperform” rating to a “market perform” rating in a report on Friday, November 10th. The Goldman Sachs Group decreased their price target on 2U from $10.00 to $8.60 and set a “buy” rating for the company in a report on Thursday, August 10th. Cantor Fitzgerald lowered 2U from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $5.30 to $1.50 in a report on Friday, November 10th. Piper Sandler cut their price objective on shares of 2U from $4.00 to $1.70 and set a “neutral” rating on the stock in a research report on Monday, November 13th. Finally, StockNews.com assumed coverage on 2U in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.42.

2U Price Performance

TWOU stock opened at $1.26 on Friday. The stock has a market cap of $103.41 million, a price-to-earnings ratio of -0.35 and a beta of 1.27. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 3.42. 2U has a fifty-two week low of $0.88 and a fifty-two week high of $13.15. The business has a 50 day moving average price of $2.21 and a 200 day moving average price of $3.24.

Institutional Trading of 2U

A number of hedge funds have recently bought and sold shares of TWOU. Axxcess Wealth Management LLC bought a new position in shares of 2U during the 3rd quarter worth about $25,000. Point72 Middle East FZE acquired a new stake in shares of 2U in the fourth quarter valued at approximately $25,000. Principal Financial Group Inc. bought a new position in 2U in the 3rd quarter worth approximately $28,000. Qtron Investments LLC acquired a new position in 2U during the 3rd quarter worth $35,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of 2U in the 3rd quarter valued at $35,000. 90.55% of the stock is owned by institutional investors.

About 2U

2U, Inc operates as an online education platform 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.