2U (NASDAQ:TWOU – Get Rating)‘s stock had its “neutral” rating reiterated by equities research analysts at Piper Sandler in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $10.00 price objective on the software maker’s stock. Piper Sandler’s price objective would suggest a potential upside of 68.07% from the stock’s current price.
TWOU has been the topic of several other research reports. BMO Capital Markets raised their price target on 2U from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, February 6th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of 2U in a report on Wednesday, March 22nd. StockNews.com initiated coverage on 2U in a report on Thursday, March 16th. They set a “hold” rating on the stock. Morgan Stanley decreased their price objective on 2U from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, March 31st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $9.50 price objective on shares of 2U in a report on Wednesday, March 22nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.00.
2U Stock Down 2.6 %
Shares of NASDAQ TWOU opened at $5.95 on Thursday. The business has a 50-day simple moving average of $8.60 and a two-hundred day simple moving average of $7.35. 2U has a 52 week low of $4.70 and a 52 week high of $13.62. The company has a market cap of $471.68 million, a P/E ratio of -1.42 and a beta of 1.21. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.85.
Hedge Funds Weigh In On 2U
A number of large investors have recently bought and sold shares of TWOU. Norges Bank purchased a new position in 2U in the 4th quarter worth approximately $9,215,000. JPMorgan Chase & Co. grew its position in shares of 2U by 144.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,739,677 shares of the software maker’s stock worth $10,908,000 after buying an additional 1,028,476 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of 2U by 100.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,571,300 shares of the software maker’s stock worth $9,821,000 after buying an additional 786,800 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of 2U in the 3rd quarter worth approximately $4,320,000. Finally, Marshall Wace LLP bought a new stake in shares of 2U in the 4th quarter worth approximately $4,000,000.
2U Company Profile
2U, Inc engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Degree Program and Alternative Credential. The Degree Program segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.
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