2U (NASDAQ:TWOU) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of 2U (NASDAQ:TWOU) in a report published on Thursday. The firm issued a hold rating on the software maker’s stock.

TWOU has been the subject of a number of other research reports. Morgan Stanley lowered their price objective on 2U from $2.00 to $1.00 and set an equal weight rating for the company in a research note on Tuesday, February 13th. Needham & Company LLC cut 2U from a buy rating to a hold rating in a research note on Tuesday, February 13th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $4.31.

2U Stock Performance

Shares of NASDAQ:TWOU opened at $0.27 on Thursday. The stock has a fifty day simple moving average of $0.40 and a two-hundred day simple moving average of $1.06. 2U has a 12-month low of $0.27 and a 12-month high of $6.10. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.09.

2U (NASDAQ:TWOU) last announced its quarterly earnings data on Monday, February 12th. The software maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The company had revenue of $255.66 million for the quarter, compared to analysts’ expectations of $275.84 million. 2U had a negative net margin of 33.58% and a negative return on equity of 7.92%. As a group, equities research analysts expect that 2U will post -0.25 EPS for the current fiscal year.

Institutional Trading of 2U

Large investors have recently modified their holdings of the company. Axxcess Wealth Management LLC bought a new stake in shares of 2U in the third quarter worth $25,000. Point72 Middle East FZE bought a new stake in shares of 2U in the fourth quarter worth $25,000. Principal Financial Group Inc. bought a new stake in shares of 2U in the third quarter worth $28,000. Qtron Investments LLC bought a new stake in shares of 2U in the third quarter worth $35,000. Finally, Hsbc Holdings PLC bought a new stake in 2U during the third quarter valued at about $35,000. Institutional investors own 80.53% of the company’s stock.

About 2U

2U, Inc operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.