2U, Inc. (NASDAQ:TWOU) – Research analysts at Oppenheimer Holdings dropped their Q3 2017 EPS estimates for 2U in a research report issued on Tuesday. Oppenheimer Holdings analyst B. Schwartz now forecasts that the software maker will post earnings per share of ($0.32) for the quarter, down from their prior forecast of ($0.21). Oppenheimer Holdings currently has a “Outperform” rating and a $55.00 target price on the stock. Oppenheimer Holdings also issued estimates for 2U’s FY2017 earnings at ($0.67) EPS, Q1 2018 earnings at ($0.09) EPS, Q2 2018 earnings at ($0.22) EPS, Q3 2018 earnings at ($0.26) EPS, Q4 2018 earnings at ($0.15) EPS and FY2018 earnings at ($0.72) EPS.
TWOU has been the subject of a number of other research reports. BMO Capital Markets reissued an “outperform” rating and issued a $56.00 target price (up previously from $54.00) on shares of 2U in a research report on Thursday. Needham & Company LLC boosted their target price on 2U from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday. KeyCorp reissued an “overweight” rating and set a $50.00 target price on shares of 2U in a research note on Monday, July 10th. Zacks Investment Research raised 2U from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Thursday, July 6th. Finally, BidaskClub downgraded 2U from a “strong-buy” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. 2U has an average rating of “Buy” and a consensus price target of $54.60.
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Shares of 2U (NASDAQ TWOU) opened at 46.09 on Friday. 2U has a one year low of $29.23 and a one year high of $52.94. The company’s market capitalization is $2.21 billion. The firm has a 50-day moving average of $48.48 and a 200-day moving average of $42.18.
A number of institutional investors have recently made changes to their positions in TWOU. AQR Capital Management LLC boosted its position in 2U by 87.7% in the fourth quarter. AQR Capital Management LLC now owns 18,685 shares of the software maker’s stock valued at $563,000 after buying an additional 8,730 shares during the period. Nationwide Fund Advisors boosted its stake in shares of 2U by 74.5% in the first quarter. Nationwide Fund Advisors now owns 39,968 shares of the software maker’s stock valued at $1,585,000 after buying an additional 17,066 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of 2U by 10.1% in the fourth quarter. Macquarie Group Ltd. now owns 74,573 shares of the software maker’s stock valued at $2,248,000 after buying an additional 6,847 shares during the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of 2U during the first quarter valued at $9,977,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of 2U by 105.6% in the first quarter. Bank of New York Mellon Corp now owns 474,297 shares of the software maker’s stock valued at $18,810,000 after buying an additional 243,634 shares during the last quarter.
In other 2U news, Director John M. Larson sold 45,000 shares of 2U stock in a transaction that occurred 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 can be accessed through the SEC website. Also, Director Timothy M. Haley sold 23,296 shares of 2U stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $39.71, for a total value of $925,084.16. Following the completion of the transaction, the director now directly owns 23,454 shares in the company, valued at $931,358.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,796 shares of company stock valued at $2,987,524. Corporate insiders own 8.40% of the company’s stock.
2U Company Profile
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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