Equities researchers at StockNews.com assumed coverage on shares of 2U (NASDAQ:TWOU – Get Free Report) in a research note issued to investors on Saturday. The firm set a “hold” rating on the software maker’s stock.
TWOU has been the subject of a number of other reports. Needham & Company LLC reissued a “hold” rating on shares of 2U in a research report on Friday. Morgan Stanley dropped their price objective on shares of 2U from $2.00 to $1.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.31.
Read Our Latest Report on TWOU
2U Stock Up 26.6 %
2U (NASDAQ:TWOU – Get Free Report) last announced its earnings results on Monday, February 12th. The software maker reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.07). The business had revenue of $255.66 million for the quarter, compared to analysts’ expectations of $275.84 million. 2U had a negative net margin of 35.13% and a negative return on equity of 9.97%. Research analysts expect that 2U will post -0.25 earnings per share for the current fiscal year.
Hedge Funds Weigh In On 2U
Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC grew its holdings in shares of 2U by 76.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 627,394 shares of the software maker’s stock valued at $244,000 after purchasing an additional 271,133 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of 2U by 49.0% in the 4th quarter. BNP Paribas Financial Markets now owns 1,331,482 shares of the software maker’s stock valued at $1,638,000 after acquiring an additional 438,007 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in 2U during the 4th quarter valued at about $399,000. Mirae Asset Global Investments Co. Ltd. grew its position in 2U by 6.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,251 shares of the software maker’s stock worth $1,029,000 after acquiring an additional 50,366 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in 2U in the 4th quarter worth approximately $39,000. 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.
Featured Articles
- Five stocks we like better than 2U
- What does consumer price index measure?
- MarketBeat Week in Review – 4/29 – 5/3
- How to Invest in Small Cap Stocks
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for 2U Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U and related companies with MarketBeat.com's FREE daily email newsletter.