2U (NASDAQ:TWOU) Downgraded by Robert W. Baird

Posted by on Aug 9th, 2023

2U (NASDAQ:TWOU – Get Free Report) was downgraded by equities research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Wednesday, Briefing.com reports. They presently have a $4.00 target price on the software maker’s stock, down from their previous target price of $12.00. Robert W. Baird’s price objective would suggest a potential downside of 6.54% from the stock’s previous close.

A number of other research firms have also weighed in on TWOU. Piper Sandler dropped their price objective on 2U from $10.00 to $6.00 in a research note on Thursday, April 27th. BMO Capital Markets dropped their price target on 2U from $9.00 to $6.00 in a research note on Wednesday, May 31st. 500.com reissued a “maintains” rating on shares of 2U in a research note on Wednesday, May 31st. Morgan Stanley dropped their price target on 2U from $10.00 to $6.50 and set an “equal weight” rating for the company in a research note on Friday, April 21st. Finally, StockNews.com started coverage on 2U in a research note on Thursday, May 18th. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.04.

View Our Latest Research Report on TWOU

2U Stock Performance

NASDAQ:TWOU opened at $4.28 on Wednesday. The stock has a 50-day simple moving average of $4.08 and a two-hundred day simple moving average of $5.88. 2U has a 52-week low of $3.34 and a 52-week high of $13.15. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $344.20 million, a PE ratio of -1.33 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TWOU. Point72 Middle East FZE bought a new position in 2U in the fourth quarter worth approximately $25,000. Captrust Financial Advisors boosted its position in 2U by 179.8% during the 2nd quarter. Captrust Financial Advisors now owns 3,391 shares of the software maker’s stock valued at $36,000 after acquiring an additional 2,179 shares in the last quarter. Tiedemann Advisors LLC bought a new stake in 2U during the 2nd quarter valued at $40,000. Headlands Technologies LLC acquired a new stake in shares of 2U in the 2nd quarter worth $50,000. Finally, Virtu Financial LLC acquired a new stake in shares of 2U in the 2nd quarter worth $55,000. Institutional investors own 99.25% of the company’s stock.

2U Company Profile

(Get Free Report)

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.

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Analyst Recommendations for 2U (NASDAQ:TWOU)

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