2U (NASDAQ:TWOU) Trading Up 6.7%

2U Inc (NASDAQ:TWOU) shares were up 6.7% on Friday . The company traded as high as $16.97 and last traded at $16.82, approximately 832,862 shares changed hands during mid-day trading. A decline of 44% from the average daily volume of 1,488,698 shares. The stock had previously closed at $15.77.

A number of equities research analysts have weighed in on TWOU shares. Berenberg Bank lowered 2U from a “buy” rating to a “hold” rating and lowered their price objective for the company from $81.00 to $17.00 in a report on Thursday, August 1st. Barrington Research lowered 2U from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st. DA Davidson lowered 2U from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a report on Wednesday, July 31st. CIBC reaffirmed a “market perform” rating on shares of 2U in a report on Wednesday, July 31st. Finally, Oppenheimer lowered 2U from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $44.64.

The company has a 50 day moving average price of $17.38 and a 200 day moving average price of $36.47. The firm has a market cap of $998.79 million, a PE ratio of -26.70 and a beta of 0.48. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.35.

2U (NASDAQ:TWOU) last announced its quarterly earnings results on Tuesday, July 30th. The software maker reported ($0.43) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.16. The business had revenue of $135.50 million for the quarter, compared to analyst estimates of $124.38 million. 2U had a negative return on equity of 7.63% and a negative net margin of 11.39%. The company’s quarterly revenue was up 39.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.19) EPS. As a group, equities research analysts anticipate that 2U Inc will post -2.11 earnings per share for the current fiscal year.

In related news, Director Gregory K. Peters acquired 72,358 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $13.95 per share, for a total transaction of $1,009,394.10. Following the transaction, the director now directly owns 98,102 shares of the company’s stock, valued at approximately $1,368,522.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John M. Larson acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $15.10 per share, with a total value of $755,000.00. Following the completion of the transaction, the director now directly owns 69,416 shares in the company, valued at $1,048,181.60. The disclosure for this purchase can be found here. Insiders have bought a total of 159,608 shares of company stock worth $2,264,302 in the last three months. Corporate insiders own 4.92% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in shares of 2U by 27.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,596 shares of the software maker’s stock worth $60,000 after purchasing an additional 347 shares during the last quarter. NEXT Financial Group Inc raised its holdings in 2U by 39.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,679 shares of the software maker’s stock valued at $64,000 after acquiring an additional 475 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in 2U in the 1st quarter valued at $50,000. Daiwa Securities Group Inc. acquired a new position in 2U in the 2nd quarter valued at $33,000. Finally, Great West Life Assurance Co. Can raised its holdings in 2U by 15.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 7,915 shares of the software maker’s stock valued at $559,000 after acquiring an additional 1,035 shares during the last quarter.

About 2U (NASDAQ:TWOU)

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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