2U (NASDAQ:TWOU) Stock Price Passes Below 200-Day Moving Average of $1.06

Shares of 2U, Inc. (NASDAQ:TWOU) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.06 and traded as low as $0.28. 2U shares last traded at $0.28, with a volume of 809,203 shares traded.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley decreased their price target on shares of 2U from $2.00 to $1.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th. StockNews.com started coverage on shares of 2U in a research note on Thursday. They issued a “hold” rating for the company. Finally, Needham & Company LLC cut shares of 2U from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.31.

2U Stock Performance

The company has a market cap of $23.51 million, a P/E ratio of -0.07 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.09. The stock’s 50-day moving average price is $0.41 and its 200 day moving average price is $1.06.

2U (NASDAQ:TWOU) last released its quarterly earnings results on Monday, February 12th. The software maker reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). 2U had a negative net margin of 33.58% and a negative return on equity of 7.92%. The firm had revenue of $255.66 million during the quarter, compared to the consensus estimate of $275.84 million. As a group, research analysts expect that 2U, Inc. will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On 2U

Several institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC increased its holdings in 2U by 76.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 627,394 shares of the software maker’s stock valued at $244,000 after buying an additional 271,133 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of 2U by 52.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 108,925 shares of the software maker’s stock valued at $134,000 after purchasing an additional 37,328 shares in the last quarter. Barclays PLC lifted its position in 2U by 66.7% during the 4th quarter. Barclays PLC now owns 210,613 shares of the software maker’s stock worth $257,000 after buying an additional 84,293 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in 2U during the 4th quarter worth about $916,000. Finally, BNP Paribas Financial Markets lifted its position in 2U by 49.0% during the 4th quarter. BNP Paribas Financial Markets now owns 1,331,482 shares of the software maker’s stock worth $1,638,000 after buying an additional 438,007 shares in the last quarter. Institutional investors own 80.53% of the company’s stock.

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.