2U, Inc. operates as an education technology 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. This segment targets students seeking an undergraduate or graduate degree. The Alternative Credential segment offers online open courses, executive education programs, technical cources, skills-based boot camps, and micro-credential programs through nonprofit colleges and universities. This segment targets students seeking to reskill or upskill through shorter duration and lower-priced offerings. It also provides a platform that provides front-end and back-end cloud-based SaaS technology and technology-enabled services. The company was formerly known as 2Tor Inc. and changed its name to 2U, Inc. in October 2012. 2U, Inc. was incorporated in 2008 and is headquartered in Lanham, Maryland.
Analysts Set New Price Targets
A number of research firms recently weighed in on TWOU. Barrington Research decreased their target price on 2U from $25.00 to $16.00 in a report on Friday, May 6th. StockNews.com raised 2U from a "sell" rating to a "hold" rating in a report on Friday, July 29th. Morgan Stanley decreased their price objective on 2U from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, August 1st. Macquarie lowered 2U from an "outperform" rating to a "neutral" rating and set a $11.00 price objective on the stock. in a report on Monday, July 25th. Finally, Piper Sandler decreased their price objective on 2U from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.27.
2U Stock Performance
TWOU opened at $9.02 on Tuesday. The firm has a market cap of $696.52 million, a P/E ratio of -2.17 and a beta of 0.98. 2U has a 52-week low of $7.28 and a 52-week high of $41.80. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The business's fifty day moving average is $9.87 and its 200-day moving average is $11.00.
2U (NASDAQ:TWOU - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The software maker reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.06. 2U had a negative return on equity of 20.64% and a negative net margin of 32.55%. The business had revenue of $241.46 million during the quarter, compared to the consensus estimate of $254.26 million. During the same period in the prior year, the company earned ($0.42) EPS. 2U's revenue for the quarter was up 1.8% on a year-over-year basis. Sell-side analysts expect that 2U will post -1.28 EPS for the current fiscal year.