2U (NASDAQ:TWOU) Releases Earnings Results, Beats Expectations By $0.41 EPS

2U (NASDAQ:TWOU) released its quarterly earnings results on Thursday. The software maker reported ($0.34) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.41, MarketWatch Earnings reports. 2U had a negative net margin of 46.21% and a negative return on equity of 22.05%. The business had revenue of $182.69 million for the quarter, compared to analysts’ expectations of $175.12 million.

TWOU traded up $3.23 during trading on Friday, reaching $47.10. 4,389,544 shares of the company’s stock were exchanged, compared to its average volume of 1,527,935. 2U has a 1 year low of $11.37 and a 1 year high of $48.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $3.01 billion, a P/E ratio of -9.61 and a beta of 0.78. The company’s fifty day simple moving average is $39.01 and its 200-day simple moving average is $28.63.

In other news, CEO Christopher J. Paucek sold 150,000 shares of 2U stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $38.12, for a total transaction of $5,718,000.00. Following the completion of the transaction, the chief executive officer now directly owns 702,600 shares of the company’s stock, valued at approximately $26,783,112. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO James Kenigsberg sold 33,900 shares of 2U stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $47.00, for a total transaction of $1,593,300.00. Following the transaction, the chief technology officer now directly owns 120,921 shares of the company’s stock, valued at $5,683,287. The disclosure for this sale can be found here. Insiders have sold a total of 216,900 shares of company stock valued at $8,396,010 over the last three months. 4.50% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on the stock. Needham & Company LLC raised their price target on shares of 2U from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday. Credit Suisse Group upgraded shares of 2U from a “neutral” rating to an “outperform” rating and raised their price target for the company from $28.00 to $48.00 in a report on Friday. BMO Capital Markets lifted their target price on shares of 2U from $31.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. BidaskClub upgraded shares of 2U from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 19th. Finally, Piper Sandler lifted their target price on shares of 2U from $42.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.50.

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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Earnings History for 2U (NASDAQ:TWOU)

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