2U Inc. (NASDAQ:TWOU) insider James Kenigsberg sold 5,468 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $36.58, for a total value of $200,019.44. Following the sale, the insider now directly owns 58,654 shares in the company, valued at $2,145,563.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
2U Inc. (NASDAQ:TWOU) opened at 38.78 on Thursday. The firm has a 50-day moving average price of $35.56 and a 200 day moving average price of $30.10. The company’s market capitalization is $1.82 billion. 2U Inc. has a 52-week low of $14.94 and a 52-week high of $38.89.
2U (NASDAQ:TWOU) last issued its earnings results on Thursday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. The firm had revenue of $49.10 million for the quarter, compared to analyst estimates of $48.50 million. 2U had a negative return on equity of 11.97% and a negative net margin of 13.20%. The business’s revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) earnings per share. On average, analysts predict that 2U Inc. will post ($0.16) earnings per share for the current fiscal year.
Several analysts have recently issued reports on TWOU shares. Zacks Investment Research raised 2U from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, August 11th. BMO Capital Markets restated a “buy” rating and set a $42.00 price objective on shares of 2U in a research report on Friday, August 5th. Pacific Crest restated a “buy” rating and set a $38.00 price objective on shares of 2U in a research report on Friday, August 5th. Compass Point upped their price objective on 2U from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of 2U in a research report on Monday, August 1st. Eleven research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $39.22.
Hedge funds have recently modified their holdings of the stock. Fox Run Management L.L.C. purchased a new stake in shares of 2U during the second quarter valued at about $262,000. Villere ST Denis J & Co. LLC boosted its position in shares of 2U by 0.5% in the second quarter. Villere ST Denis J & Co. LLC now owns 1,813,841 shares of the company’s stock valued at $53,345,000 after buying an additional 9,284 shares during the period. Hamilton Lane Advisors LLC boosted its position in shares of 2U by 151.3% in the second quarter. Hamilton Lane Advisors LLC now owns 55,426 shares of the company’s stock valued at $1,543,000 after buying an additional 33,370 shares during the period. Alpha Windward LLC bought a new position in shares of 2U during the second quarter valued at $441,000. Finally, First Republic Investment Management Inc. boosted its position in shares of 2U by 58.6% in the first quarter. First Republic Investment Management Inc. now owns 220,873 shares of the company’s stock valued at $4,991,000 after buying an additional 81,652 shares during the period.
2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of an online learning environment, Online Campus, which acts as the hub for student and faculty academic and social interaction, and operations applications.
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