2U, Inc. (TWOU) Reaches New 1-Year High at $60.60

2U, Inc. (NASDAQ:TWOU) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $60.60 and last traded at $60.58, with a volume of 196,914 shares changing hands. The stock had previously closed at $60.03.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of 2U from a “sell” rating to a “hold” rating in a report on Wednesday. Compass Point reaffirmed a “buy” rating and set a $70.00 price target (up from $62.00) on shares of 2U in a report on Monday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $65.00 price target (up from $55.00) on shares of 2U in a report on Friday, October 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price target (up from $62.00) on shares of 2U in a report on Friday, October 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $66.00 price target (up from $59.00) on shares of 2U in a report on Friday, October 6th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. 2U currently has an average rating of “Buy” and a consensus target price of $57.91.

The firm’s market cap is $2.90 billion. The firm has a 50 day moving average price of $53.62 and a 200-day moving average price of $47.22.

In other news, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Larson sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $46.79, for a total transaction 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 owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of 2U by 7.4% in the second quarter. Vanguard Group Inc. now owns 3,550,031 shares of the software maker’s stock worth $166,567,000 after purchasing an additional 244,191 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of 2U by 2.9% in the second quarter. William Blair Investment Management LLC now owns 2,830,577 shares of the software maker’s stock worth $132,811,000 after purchasing an additional 79,191 shares during the last quarter. BlackRock Inc. grew its holdings in shares of 2U by 13.3% in the second quarter. BlackRock Inc. now owns 2,628,814 shares of the software maker’s stock worth $123,344,000 after purchasing an additional 308,339 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of 2U by 16.2% in the second quarter. Alliancebernstein L.P. now owns 2,207,911 shares of the software maker’s stock worth $103,595,000 after purchasing an additional 307,691 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of 2U by 8.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,773,191 shares of the software maker’s stock worth $83,198,000 after purchasing an additional 140,890 shares during the last quarter.

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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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