The price of 2U Inc. (NASDAQ:TWOU) shares last traded on Wall Street rose 14.44% to $7.37.
Based on available information, 14 analysts follow 2U Inc. (NASDAQ:TWOU). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $7.00, we find $9.00. Given the previous closing price of $6.44, this indicates a potential upside of 39.75 percent. TWOU stock price is now 6.01% away from the 50-day moving average and -14.53% away from the 200-day moving average. The market capitalization of the company currently stands at $556.66M.
Among analysts, 7 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $10.45 as their price target over the next twelve months.
With the price target of $8, Credit Suisse recently initiated with Neutral rating for 2U Inc. (NASDAQ: TWOU). On November 08, 2022, Piper Sandler Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock reducing its target price from $8 to quote $7, while ‘Macquarie’ rates the stock as ‘Neutral’.
In other news, Peters Gregory K, Director bought 49,663 shares of the company’s stock on Feb 15. The stock was bought for $500,106 at an average price of $10.07. Upon completion of the transaction, the Director now directly owns 164,589 shares in the company, valued at $1.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15, Chief Operating Officer CHERNIS MARK bought 10,000 shares of the business’s stock. A total of $99,200 was incurred on buying the stock at an average price of $9.92. This leaves the insider owning 349,939 shares of the company worth $2.58 million. Insiders disposed of 192,573 shares of company stock worth roughly $1.42 million over the past 1 year. A total of 3.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TWOU stock. A new stake in 2U Inc. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $5,095,000. WEISS MULTI-STRATEGY ADVISERS LLC invested $2,803,000 in shares of TWOU during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in 2U Inc. valued at approximately $2,578,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in TWOU for approximately $2,526,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in TWOU valued at around $1,491,000 in the second quarter. In total, there are 282 active investors with 99.00% ownership of the company’s stock.
A candlestick chart of 2U Inc. (NASDAQ: TWOU) showed a price of $6.59 on Monday morning. During the past 12 months, 2U Inc. has had a low of $4.70 and a high of $19.80. As of last week, the company has a debt-to-equity ratio of 1.88, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for TWOU is $6.95 and a two-hundred day moving average price translates $8.62 for the stock.
The latest earnings results from 2U Inc. (NASDAQ: TWOU) was released for Jun, 2022. According to the Education & Training Services Company, earnings per share came in at -$0.1, beating analysts’ expectations of -$0.19 by 0.09. This compares to -$0.80 EPS in the same period last year. The net profit margin was -38.90% and return on equity was -58.50% for TWOU. The company reported revenue of $232.24 million for the quarter, compared to $232.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.06 percent. For the current quarter, analysts expect TWOU to generate $232.04M in revenue.
2U Inc.(TWOU) Company Profile
2U, Inc. operates as an education technology company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs. This segment targets students seeking an undergraduate or graduate degree. The Alternative Credential segment offers online open courses, executive education programs, technical cources, skills-based boot camps, and micro-credential programs through nonprofit colleges and universities. This segment targets students seeking to reskill or upskill through shorter duration and lower-priced offerings. It also provides a platform that provides front-end and back-end cloud-based SaaS technology and technology-enabled services. The company was formerly known as 2Tor Inc. and changed its name to 2U, Inc. in October 2012. 2U, Inc. was incorporated in 2008 and is headquartered in Lanham, Maryland.