Barrington Research Increases 2U (NASDAQ:TWOU) Price Target to $55.00

2U (NASDAQ:TWOU) had its price objective boosted by analysts at Barrington Research from $50.00 to $55.00 in a note issued to investors on Friday, The Fly reports. The firm presently has an “outperform” rating on the software maker’s stock. Barrington Research’s price objective suggests a potential upside of 16.79% from the company’s current price.

Several other brokerages also recently weighed in on TWOU. ValuEngine downgraded 2U from a “strong-buy” rating to a “buy” rating in a report on Friday, May 1st. DA Davidson raised their price target on 2U from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Robert W. Baird upgraded shares of 2U from a “neutral” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Monday, May 4th. Piper Sandler increased their target price on 2U from $42.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Finally, Zacks Investment Research downgraded 2U from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. 2U currently has a consensus rating of “Buy” and an average price target of $39.50.

Shares of NASDAQ:TWOU opened at $47.10 on Friday. 2U has a 1 year low of $11.37 and a 1 year high of $48.23. The firm has a market capitalization of $3.01 billion, a PE ratio of -9.61 and a beta of 0.78. 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 firm’s 50-day moving average is $39.01 and its two-hundred day moving average is $28.63.

2U (NASDAQ:TWOU) last announced its quarterly earnings results on Thursday, July 30th. The software maker reported ($0.34) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.75) by $0.41. 2U had a negative return on equity of 22.05% and a negative net margin of 46.21%. The firm had revenue of $182.69 million during the quarter, compared to the consensus estimate of $175.12 million. Analysts expect that 2U will post -2.5 EPS for the current fiscal year.

In related news, CTO James Kenigsberg sold 33,900 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $47.00, for a total transaction of $1,593,300.00. Following the completion of the transaction, the chief technology officer now owns 120,921 shares of the company’s stock, valued at $5,683,287. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Paucek sold 150,000 shares of 2U stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $38.12, for a total value of $5,718,000.00. Following the transaction, the chief executive officer now directly owns 702,600 shares in the company, valued at $26,783,112. The disclosure for this sale can be found here. Insiders sold 216,900 shares of company stock valued at $8,396,010 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in shares of 2U in the fourth quarter worth about $2,783,000. Parallel Advisors LLC lifted its position in shares of 2U by 692.6% in the second quarter. Parallel Advisors LLC now owns 959 shares of the software maker’s stock worth $36,000 after purchasing an additional 838 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of 2U during the 1st quarter valued at about $34,000. Wedbush Securities Inc. bought a new stake in 2U in the second quarter worth approximately $207,000. Finally, Fox Run Management L.L.C. bought a new position in shares of 2U in the 2nd quarter valued at approximately $214,000.

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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