2U Inc (NASDAQ:TWOU)‘s stock had its “buy” rating reiterated by equities researchers at Compass Point in a note issued to investors on Monday. They presently have a $70.00 price objective on the software maker’s stock, up from their previous price objective of $62.00. Compass Point’s target price would indicate a potential upside of 19.31% from the stock’s previous close.
Several other equities research analysts have also recently commented on TWOU. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. 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. KeyCorp reaffirmed an “overweight” rating and set a $50.00 target price on shares of 2U in a research note on Monday, July 10th. Citigroup Inc. initiated coverage on 2U in a research note on Tuesday, July 18th. They set a “buy” rating and a $57.00 target price for the company. Finally, Needham & Company LLC raised their target price on 2U from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.91.
2U (NASDAQ TWOU) opened at 58.67 on Monday. The stock’s 50 day moving average price is $53.32 and its 200 day moving average price is $47.13. 2U has a 12-month low of $29.23 and a 12-month high of $60.50. The company’s market cap is $2.81 billion.
In other 2U news, Director Mark Chernis sold 4,500 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total value of $238,050.00. Following the transaction, the director now owns 19,825 shares in the company, valued at $1,048,742.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John M. Larson sold 150,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the transaction, the director now owns 16,065 shares in the company, valued at approximately $751,681.35. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 2U by 182.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after purchasing an additional 1,693 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of 2U in the first quarter valued at approximately $126,000. Rehmann Capital Advisory Group bought a new position in shares of 2U in the second quarter valued at approximately $204,000. Principal Financial Group Inc. bought a new position in shares of 2U in the first quarter valued at approximately $208,000. Finally, Advisor Group Inc. lifted its holdings in shares of 2U by 41.5% in the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after purchasing an additional 1,313 shares in the last quarter.
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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