Citigroup Raises 2U (NASDAQ:TWOU) Price Target to $50.00

2U (NASDAQ:TWOU) had its target price hoisted by Citigroup from $28.00 to $50.00 in a research note published on Tuesday, BenzingaRatingsTable reports. They currently have a buy rating on the software maker’s stock.

Other equities analysts have also issued reports about the stock. Needham & Company LLC reiterated a buy rating and issued a $44.00 price target on shares of 2U in a research report on Tuesday, June 16th. Zacks Investment Research lowered shares of 2U from a buy rating to a hold rating in a research report on Saturday, May 9th. Barrington Research reiterated an outperform rating and issued a $30.00 price target (up from $25.00) on shares of 2U in a research report on Friday, May 1st. ValuEngine lowered shares of 2U from a strong-buy rating to a buy rating in a research report on Friday, May 1st. Finally, BidaskClub upgraded shares of 2U from a buy rating to a strong-buy rating in a research report on Friday, June 19th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. 2U has an average rating of Buy and an average target price of $32.92.

Shares of NASDAQ TWOU opened at $38.61 on Tuesday. The firm has a 50 day moving average of $35.21 and a 200 day moving average of $26.03. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -8.92 and a beta of 0.78. 2U has a 12-month low of $11.37 and a 12-month high of $40.55.

2U (NASDAQ:TWOU) last announced its earnings results on Thursday, April 30th. The software maker reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.10. The company had revenue of $175.50 million during the quarter, compared to analyst estimates of $175.32 million. 2U had a negative net margin of 43.60% and a negative return on equity of 19.90%. The firm’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.15) earnings per share. Sell-side analysts predict that 2U will post -3.3 EPS for the current year.

In other news, CEO Christopher J. Paucek sold 150,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $38.12, for a total value of $5,718,000.00. Following the sale, the chief executive officer now owns 702,600 shares of the company’s stock, valued at $26,783,112. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO James Kenigsberg sold 33,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $32.87, for a total transaction of $1,084,710.00. Following the completion of the sale, the chief technology officer now directly owns 157,971 shares in the company, valued at approximately $5,192,506.77. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of 2U by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 695,646 shares of the software maker’s stock worth $16,688,000 after purchasing an additional 34,559 shares during the last quarter. Arizona State Retirement System bought a new position in shares of 2U in the first quarter worth about $316,000. Bank of New York Mellon Corp grew its holdings in shares of 2U by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 219,716 shares of the software maker’s stock worth $5,270,000 after purchasing an additional 28,039 shares during the last quarter. IndexIQ Advisors LLC bought a new position in 2U during the 1st quarter worth about $175,000. Finally, Swiss National Bank grew its holdings in 2U by 1.5% during the 1st quarter. Swiss National Bank now owns 123,100 shares of the software maker’s stock worth $2,612,000 after acquiring an additional 1,800 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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