In yesterday’s Wall Street session, 2U Inc. (NASDAQ:TWOU) shares traded at $3.12, up 2.30% from the previous session.
11 analysts cover 2U Inc. (NASDAQ:TWOU), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $4.00, we find $5.65. Given the previous closing price of $3.05, this indicates a potential upside of 85.25 percent. TWOU stock price is now -23.17% away from the 50-day moving average and -49.56% away from the 200-day moving average. The market capitalization of the company currently stands at $242.67M.
The stock has received a hold rating from 6 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $5.84 as their price target over the next twelve months.
With the price target reduced from $12 to $4, Robert W. Baird Downgraded its rating from Outperform to Neutral for 2U Inc. (NASDAQ: TWOU).
Insiders disposed of 252,102 shares of company stock worth roughly $0.79 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 $4,544,000. HRT FINANCIAL LP invested $1,044,000 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 $825,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in TWOU for approximately $641,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in TWOU valued at around $603,000 in the second quarter. In total, there are 265 active investors with 99.00% ownership of the company’s stock.
During the past 12 months, 2U Inc. has had a low of $2.96 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 $4.0438 and a two-hundred day moving average price translates $6.1755 for the stock.
The latest earnings results from 2U Inc. (NASDAQ: TWOU) was released for Jun, 2023. According to the Education & Training Services Company, earnings per share came in at -$0.18, missing analysts’ expectations of -$0.07 by -0.11. This compares to -$0.82 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 $222.09 million for the quarter, compared to $241.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.02 percent. For the current quarter, analysts expect TWOU to generate $230.83M in revenue.
2U Inc.(TWOU) Company Profile
2U, Inc. operates as an online education platform 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, skills-based boot camps, and micro-credential programs through nonprofit colleges and universities. This segment targets students seeking to reskill or upskill for career or personal development through shorter duration and lower-priced offerings. It also provides a platform that provides 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.
