2U (NASDAQ:TWOU) PT Raised to $26.00

2U (NASDAQ:TWOU) had its price objective hoisted by equities research analysts at DA Davidson from $17.00 to $26.00 in a research note issued on Wednesday, The Fly reports. The firm presently has a “neutral” rating on the software maker’s stock. DA Davidson’s price objective points to a potential upside of 14.59% from the stock’s current price.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of 2U from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. Robert W. Baird cut shares of 2U from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $58.00 to $29.00 in a report on Wednesday, July 31st. Credit Suisse Group decreased their price target on shares of 2U from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. BidaskClub upgraded shares of 2U from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, ValuEngine cut shares of 2U from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $39.85.

Shares of NASDAQ:TWOU traded up $0.46 during trading hours on Wednesday, hitting $22.69. 1,095,900 shares of the company’s stock traded hands, compared to its average volume of 1,835,554. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.19 and a current ratio of 1.79. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -36.02 and a beta of 0.46. The company’s fifty day simple moving average is $17.96 and its two-hundred day simple moving average is $28.39. 2U has a 52 week low of $11.37 and a 52 week high of $80.49.

2U (NASDAQ:TWOU) last posted its quarterly earnings results on Tuesday, November 12th. The software maker reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.09. The business had revenue of $153.80 million during the quarter, compared to analysts’ expectations of $149.84 million. 2U had a negative net margin of 35.28% and a negative return on equity of 12.09%. The firm’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share. On average, analysts anticipate that 2U will post -2.08 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in 2U by 27.8% during the second quarter. BNP Paribas Arbitrage SA now owns 1,596 shares of the software maker’s stock valued at $60,000 after acquiring an additional 347 shares in the last quarter. NEXT Financial Group Inc raised its position in 2U by 39.5% during the second quarter. NEXT Financial Group Inc now owns 1,679 shares of the software maker’s stock valued at $64,000 after acquiring an additional 475 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in 2U during the second quarter valued at approximately $33,000. Cubist Systematic Strategies LLC bought a new position in 2U during the second quarter valued at approximately $49,000. Finally, First Mercantile Trust Co. raised its position in 2U by 6.1% during the second quarter. First Mercantile Trust Co. now owns 24,011 shares of the software maker’s stock valued at $904,000 after acquiring an additional 1,380 shares in the last quarter.

About 2U

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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Analyst Recommendations for 2U (NASDAQ:TWOU)

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