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.
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.
Featured Story: How do analysts define an oversold condition?
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.