2U (TWOU) PT Lowered to $75.00 at Needham & Company LLC

2U (NASDAQ:TWOU) had its price target lowered by equities researchers at Needham & Company LLC to $75.00 in a research note issued to investors on Wednesday, May 8th, The Fly reports. The firm presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s target price would suggest a potential upside of 97.42% from the company’s current price.

Other equities research analysts have also issued reports about the company. BMO Capital Markets lowered their price objective on 2U from $83.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. KeyCorp raised their price target on 2U from $65.00 to $80.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 26th. Credit Suisse Group lowered 2U from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $55.00 in a research note on Wednesday, May 8th. DA Davidson raised their price target on 2U to $88.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 26th. Finally, Robert W. Baird raised their price target on 2U from $80.00 to $90.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $75.09.

NASDAQ TWOU opened at $37.99 on Wednesday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of -60.30 and a beta of 0.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.11 and a quick ratio of 5.11. 2U has a 1-year low of $37.54 and a 1-year high of $98.00.

2U (NASDAQ:TWOU) last posted its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.03. The business had revenue of $122.20 million during the quarter, compared to analyst estimates of $121.77 million. 2U had a negative return on equity of 5.85% and a negative net margin of 10.19%. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same period last year, the company earned ($0.12) EPS. As a group, research analysts forecast that 2U will post -1.23 EPS for the current fiscal year.

In related news, Director Gregory K. Peters purchased 12,459 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average cost of $40.15 per share, for a total transaction of $500,228.85. Following the acquisition, the director now owns 25,744 shares of the company’s stock, valued at approximately $1,033,621.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew J. Norden sold 1,650 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $39.31, for a total value of $64,861.50. Following the transaction, the insider now owns 14,142 shares in the company, valued at $555,922.02. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Tompkins Financial Corp purchased a new position in 2U during the 4th quarter worth $26,000. Rehmann Capital Advisory Group acquired a new stake in 2U during the 4th quarter worth about $34,000. Icon Wealth Partners LLC acquired a new stake in 2U during the 1st quarter worth about $55,000. Captrust Financial Advisors lifted its position in 2U by 352.8% during the 4th quarter. Captrust Financial Advisors now owns 1,046 shares of the software maker’s stock worth $52,000 after acquiring an additional 815 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in 2U during the 1st quarter worth about $85,000.

2U Company Profile

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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