Shares of 2U, Inc. (NASDAQ:TWOU) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $47.33.
Several research analysts have weighed in on TWOU shares. Needham & Company LLC reiterated a “buy” rating and set a $49.00 price objective (up previously from $43.00) on shares of 2U in a research report on Monday, April 10th. BMO Capital Markets increased their price objective on 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Zacks Investment Research cut 2U from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. BidaskClub upgraded 2U from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Finally, KeyCorp reiterated an “overweight” rating and set a $50.00 price objective on shares of 2U in a research report on Monday, July 10th.
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In related news, Director John M. Larson sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $41.42, for a total value of $1,863,900.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $44.12, for a total value of $198,540.00. Following the completion of the transaction, the director now owns 19,825 shares in the company, valued at approximately $874,679. The disclosure for this sale can be found here. Insiders sold 73,210 shares of company stock worth $3,004,564 in the last 90 days. 8.40% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. acquired a new stake in 2U during the first quarter valued at $126,000. Rehmann Capital Advisory Group acquired a new stake in 2U during the second quarter valued at $204,000. Principal Financial Group Inc. acquired a new stake in 2U during the first quarter valued at $208,000. GSA Capital Partners LLP acquired a new stake in 2U during the fourth quarter valued at $226,000. Finally, KCG Holdings Inc. acquired a new stake in 2U during the first quarter valued at $250,000.
Shares of 2U (NASDAQ TWOU) opened at 49.54 on Tuesday. The firm’s market cap is $2.36 billion. 2U has a 1-year low of $29.23 and a 1-year high of $52.94. The firm’s 50-day moving average is $47.66 and its 200-day moving average is $41.48.
About 2U
2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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