2U, Inc. (NASDAQ:TWOU) Issues Q3 Earnings Guidance

2U, Inc. (NASDAQ:TWOU) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($0.21-0.20) for the period, compared to the Thomson Reuters consensus estimate of ($0.08). The company issued revenue guidance of $68.8-69.8 million, compared to the consensus revenue estimate of $66.84 million.2U also updated its FY17 guidance to ($0.19-0.17) EPS.

2U, Inc. (TWOU) traded up 0.73% during mid-day trading on Friday, reaching $48.29. The company’s stock had a trading volume of 322,032 shares. The stock’s market cap is $2.31 billion. The company has a 50 day moving average of $48.58 and a 200-day moving average of $42.65. 2U, Inc. has a 52-week low of $29.23 and a 52-week high of $52.94.

Several equities analysts have recently commented on the company. Robert W. Baird upped their target price on 2U from $49.00 to $59.00 and gave the company an outperform rating in a research report on Tuesday, August 8th. BidaskClub downgraded 2U from a strong-buy rating to a buy rating in a research report on Friday, August 11th. Zacks Investment Research downgraded 2U from a hold rating to a sell rating in a research report on Saturday, August 12th. BMO Capital Markets reaffirmed 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, August 10th. Finally, Credit Suisse Group upped their target price on 2U from $54.00 to $58.00 and gave the company an outperform rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $54.60.

In related news, Director Mark Chernis sold 4,500 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $44.12, for a total transaction of $198,540.00. Following the sale, the director now owns 19,825 shares of the company’s stock, valued at $874,679. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.40% of the company’s stock.

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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.

Earnings History and Estimates for 2U (NASDAQ:TWOU)

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