2U, Inc. (NASDAQ:TWOU – Get Rating)’s stock price hit a new 52-week low on Monday . The stock traded as low as $7.92 and last traded at $7.95, with a volume of 10798 shares. The stock had previously closed at $8.38.
A number of equities research analysts have commented on the stock. Barrington Research decreased their target price on shares of 2U from $25.00 to $16.00 in a research note on Friday, May 6th. StockNews.com cut shares of 2U from a “hold” rating to a “sell” rating in a research note on Thursday. Piper Sandler downgraded shares of 2U from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $10.00 to $9.00 in a report on Wednesday, May 25th. Cantor Fitzgerald started coverage on shares of 2U in a report on Tuesday, March 29th. They issued a “neutral” rating and a $12.00 target price for the company. Finally, Morgan Stanley dropped their target price on shares of 2U from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, April 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.40.
The firm has a market cap of $608.87 million, a PE ratio of -2.31 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.42. The firm’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $13.87.
2U (NASDAQ:TWOU – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The software maker reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.08. The business had revenue of $253.33 million for the quarter, compared to analysts’ expectations of $252.97 million. 2U had a negative net margin of 28.45% and a negative return on equity of 18.88%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.46) EPS. As a group, equities research analysts predict that 2U, Inc. will post -1.71 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Trust raised its position in shares of 2U by 25.3% during the 1st quarter. American Trust now owns 14,257 shares of the software maker’s stock valued at $189,000 after buying an additional 2,879 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of 2U during the 1st quarter valued at about $1,218,000. Cim Investment Management Inc. purchased a new stake in shares of 2U during the 1st quarter valued at about $218,000. River & Mercantile Asset Management LLP purchased a new stake in shares of 2U during the 1st quarter valued at about $1,968,000. Finally, Wellington Management Group LLP raised its position in shares of 2U by 17.4% during the 1st quarter. Wellington Management Group LLP now owns 773,207 shares of the software maker’s stock valued at $10,269,000 after buying an additional 114,854 shares in the last quarter.
About 2U (NASDAQ:TWOU)
2U, Inc operates as an education technology 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
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.