Stocks of 2U Inc. (NASDAQ:TWOU) traded higher last session on Wall Street, up 17.16% to $4.78.
According to the data, 2U Inc. (NASDAQ:TWOU) has 13 analysts covering its stock. 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 $6.00, we find $7.50. Given the previous closing price of $4.08, this indicates a potential upside of 83.82 percent. TWOU stock price is now 18.98% away from the 50-day moving average and -23.31% away from the 200-day moving average. The market capitalization of the company currently stands at $357.11M.
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A total of 6 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $9.67 as their price target over the next twelve months.
With the price target maintained at $7.40, Cantor Fitzgerald recently Upgraded its rating from Neutral to Overweight for 2U Inc. (NASDAQ: TWOU).
Insiders disposed of 256,613 shares of company stock worth roughly $1.23 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 INTRINSIC EDGE CAPITAL MANAGEMENT LLC during the first quarter worth $6,962,000. HRT FINANCIAL LP invested $1,599,000 in shares of TWOU during the first quarter. In the first quarter, OBERWEIS ASSET MANAGEMENT INC/ acquired a new stake in 2U Inc. valued at approximately $1,263,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in TWOU for approximately $981,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in TWOU valued at around $923,000 in the second quarter. In total, there are 265 active investors with 99.00% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $4.1800 for 2U Inc. (NASDAQ: TWOU). During the past 12 months, 2U Inc. has had a low of $3.34 and a high of $13.15. As of last week, the company has a debt-to-equity ratio of 1.86, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for TWOU is $4.0404 and a two-hundred day moving average price translates $6.2297 for the stock.
The latest earnings results from 2U Inc. (NASDAQ: TWOU) was released for Mar, 2023. According to the Education & Training Services Company, earnings per share came in at -$0.1, missing analysts’ expectations of -$0.07 by -0.03. This compares to -$1.65 EPS in the same period last year. The net profit margin was -26.40% and return on equity was -48.60% for TWOU. The company reported revenue of $238.5 million for the quarter, compared to $253.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.85 percent. For the current quarter, analysts expect TWOU to generate $234.15M in revenue.
