2U (NASDAQ:TWOU) Research Coverage Started at StockNews.com

Posted by Defense World Staff on Jun 21st, 2024

Investment analysts at StockNews.com initiated coverage on shares of 2U (NASDAQ:TWOU – Get Free Report) in a note issued to investors on Friday. The firm set a “hold” rating on the software maker’s stock.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of 2U in a research report on Friday, May 3rd. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, 2U presently has an average rating of “Hold” and a consensus target price of $123.00.

Read Our Latest Stock Analysis on 2U

2U Price Performance

Shares of TWOU opened at $6.02 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 5.33. The company’s fifty day simple moving average is $8.58 and its 200 day simple moving average is $17.31. 2U has a 1-year low of $5.39 and a 1-year high of $144.30. The company has a market cap of $16.87 million, a price-to-earnings ratio of -0.05 and a beta of 0.85.

2U (NASDAQ:TWOU – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported ($8.10) EPS for the quarter, beating analysts’ consensus estimates of ($11.10) by $3.00. The company had revenue of $198.38 million during the quarter, compared to the consensus estimate of $195.32 million. 2U had a negative net margin of 35.13% and a negative return on equity of 10.90%. On average, research analysts forecast that 2U will post -9.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWOU. Keynote Financial Services LLC bought a new stake in shares of 2U in the first quarter valued at about $69,000. Price T Rowe Associates Inc. MD boosted its holdings in 2U by 232.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 361,725 shares of the software maker’s stock valued at $141,000 after purchasing an additional 252,800 shares during the period. Los Angeles Capital Management LLC grew its position 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 worth $244,000 after purchasing an additional 271,133 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of 2U by 49.0% during the fourth quarter. BNP Paribas Financial Markets now owns 1,331,482 shares of the software maker’s stock worth $1,638,000 after purchasing an additional 438,007 shares during the period. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of 2U during the fourth quarter worth approximately $399,000. 80.53% of the stock is owned by institutional investors and hedge funds.

2U Company Profile

(Get Free Report)

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.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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