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2U (NASDAQ:TWOU) Stock Rating Lowered by BidaskClub

Last updated on Thursday, September 24, 2020 | 2020 MarketBeat

2U (NASDAQ:TWOU) was downgraded by equities researchers at BidaskClub from a "buy" rating to a "hold" rating in a research note issued on Thursday, BidAskClub reports.

Several other equities research analysts have also recently issued reports on TWOU. Citigroup raised their price target on shares of 2U from $28.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Barrington Research raised their price target on shares of 2U from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. ValuEngine cut shares of 2U from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Needham & Company LLC raised their price target on shares of 2U from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Credit Suisse Group upgraded shares of 2U from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $28.00 to $48.00 in a report on Friday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of "Buy" and a consensus target price of $40.42.

2U stock opened at $33.89 on Thursday. 2U has a 12-month low of $11.51 and a 12-month high of $49.46. The stock has a market capitalization of $2.18 billion, a P/E ratio of -6.92 and a beta of 0.83. The firm's 50-day moving average is $38.46 and its two-hundred day moving average is $33.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.53.

2U (NASDAQ:TWOU) last released its quarterly earnings results on Thursday, July 30th. The software maker reported ($0.34) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.75) by $0.41. 2U had a negative net margin of 46.21% and a negative return on equity of 22.22%. The company had revenue of $182.69 million for the quarter, compared to analysts' expectations of $175.12 million. As a group, analysts forecast that 2U will post -2.34 EPS for the current year.

In related news, CEO Christopher J. Paucek sold 150,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $38.12, for a total value of $5,718,000.00. Following the transaction, the chief executive officer now owns 702,600 shares in the company, valued at $26,783,112. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO James Kenigsberg sold 33,900 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $47.00, for a total transaction of $1,593,300.00. Following the completion of the sale, the chief technology officer now directly owns 120,921 shares of the company's stock, valued at approximately $5,683,287. The disclosure for this sale can be found here. Company insiders own 4.50% of the company's stock.

A number of large investors have recently modified their holdings of the business. State of Wisconsin Investment Board grew its position in 2U by 0.3% in the second quarter. State of Wisconsin Investment Board now owns 116,304 shares of the software maker's stock valued at $4,415,000 after acquiring an additional 390 shares in the last quarter. Parallel Advisors LLC grew its position in 2U by 692.6% in the second quarter. Parallel Advisors LLC now owns 959 shares of the software maker's stock valued at $36,000 after acquiring an additional 838 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in 2U by 14.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,185 shares of the software maker's stock valued at $273,000 after acquiring an additional 899 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in 2U by 5.1% in the second quarter. Public Employees Retirement System of Ohio now owns 22,911 shares of the software maker's stock valued at $870,000 after acquiring an additional 1,111 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in 2U in the second quarter valued at approximately $57,000.

About 2U

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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