Analysts Set 2U, Inc. (NASDAQ:TWOU) Target Price at $10.95

Posted by on May 23rd, 2023

Shares of 2U, Inc. (NASDAQ:TWOU – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $10.95.

Several equities research analysts have weighed in on TWOU shares. BMO Capital Markets dropped their price objective on 2U from $11.00 to $9.00 in a report on Friday, April 28th. Credit Suisse Group cut their price target on shares of 2U from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, March 22nd. Cantor Fitzgerald upgraded shares of 2U from a “neutral” rating to an “overweight” rating and set a $7.40 price objective for the company in a report on Thursday, April 27th. StockNews.com started coverage on shares of 2U in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Piper Sandler decreased their price target on shares of 2U from $10.00 to $6.00 in a research note on Thursday, April 27th.

Institutional Trading of 2U

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in shares of 2U by 55.1% in the first quarter. Bank of New York Mellon Corp now owns 1,461,914 shares of the software maker’s stock worth $19,415,000 after acquiring an additional 519,324 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of 2U by 45.2% in the first quarter. MetLife Investment Management LLC now owns 37,181 shares of the software maker’s stock worth $494,000 after buying an additional 11,581 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of 2U during the first quarter valued at approximately $662,000. Great West Life Assurance Co. Can increased its position in shares of 2U by 93.5% during the first quarter. Great West Life Assurance Co. Can now owns 623,618 shares of the software maker’s stock valued at $8,476,000 after acquiring an additional 301,269 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in 2U by 8.6% in the 1st quarter. Vontobel Holding Ltd. now owns 18,800 shares of the software maker’s stock worth $250,000 after acquiring an additional 1,496 shares during the last quarter.

2U Stock Up 13.6 %

Shares of NASDAQ TWOU opened at $4.09 on Friday. The firm’s fifty day moving average is $5.49 and its 200 day moving average is $7.07. 2U has a 52 week low of $3.37 and a 52 week high of $13.15. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.86. The company has a market cap of $328.92 million, a price-to-earnings ratio of -1.27 and a beta of 1.20.

2U (NASDAQ:TWOU – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. The firm had revenue of $238.50 million for the quarter, compared to analysts’ expectations of $238.66 million. 2U had a negative net margin of 26.41% and a negative return on equity of 13.75%. On average, equities research analysts expect that 2U will post -0.56 earnings per share for the current year.

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.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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