2U (NASDAQ:TWOU) Given New $6.50 Price Target at Morgan Stanley

Posted by on Apr 25th, 2023

2U (NASDAQ:TWOU – Get Rating) had its price objective decreased by Morgan Stanley from $10.00 to $6.50 in a report issued on Friday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the software maker’s stock.

A number of other equities research analysts have also commented on TWOU. StockNews.com started coverage on 2U in a research report on Thursday, March 16th. They issued a hold rating on the stock. Credit Suisse Group lowered their price objective on 2U from $11.00 to $9.00 and set a neutral rating on the stock in a research report on Wednesday, March 22nd. The Goldman Sachs Group decreased their target price on 2U from $14.40 to $12.50 and set a buy rating on the stock in a research report on Tuesday, January 10th. Needham & Company LLC reiterated a buy rating and set a $15.00 target price on shares of 2U in a research report on Wednesday, March 22nd. Finally, Cantor Fitzgerald reissued a neutral rating and issued a $9.50 price objective on shares of 2U in a research note on Wednesday, March 22nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average target price of $11.68.

2U Trading Up 3.0 %

Shares of TWOU stock opened at $5.20 on Friday. 2U has a 12-month low of $4.70 and a 12-month high of $13.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.85. The stock’s 50-day moving average price is $7.50 and its 200-day moving average price is $7.28. The stock has a market capitalization of $418.18 million, a price-to-earnings ratio of -1.24 and a beta of 1.21.

2U (NASDAQ:TWOU – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The software maker reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04. The company had revenue of $236.05 million during the quarter, compared to analyst estimates of $233.68 million. 2U had a negative net margin of 33.45% and a negative return on equity of 16.25%. Equities research analysts predict that 2U will post -0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On 2U

Several institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its holdings in 2U by 179.8% in the second quarter. Captrust Financial Advisors now owns 3,391 shares of the software maker’s stock valued at $36,000 after purchasing an additional 2,179 shares during the last quarter. Point72 Middle East FZE bought a new position in 2U during the 4th quarter worth approximately $25,000. Quantbot Technologies LP acquired a new stake in shares of 2U during the 3rd quarter worth approximately $55,000. Rockefeller Capital Management L.P. raised its position in shares of 2U by 660.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 9,222 shares of the software maker’s stock worth $56,000 after purchasing an additional 8,010 shares during the period. Finally, Federated Hermes Inc. acquired a new stake in shares of 2U during the 1st quarter worth approximately $139,000.

2U Company Profile

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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.

Further Reading

Analyst Recommendations for 2U (NASDAQ:TWOU)

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