2U (NASDAQ:TWOU) had its price objective upped by equities researchers at Oppenheimer from $70.00 to $83.00 in a note issued to investors on Tuesday, February 26th, The Fly reports. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price would suggest a potential upside of 20.17% from the stock’s previous close. Oppenheimer also issued estimates for 2U’s Q1 2019 earnings at ($0.35) EPS, Q2 2019 earnings at ($0.55) EPS, Q3 2019 earnings at ($0.27) EPS, Q4 2019 earnings at $0.03 EPS and FY2019 earnings at ($1.13) EPS.
TWOU has been the subject of several other reports. DA Davidson set a $80.00 price target on 2U and gave the stock a “buy” rating in a research note on Tuesday, November 6th. BMO Capital Markets dropped their price target on 2U from $93.00 to $75.00 and set a “positive” rating for the company in a research note on Tuesday, November 6th. Credit Suisse Group dropped their price target on 2U from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, November 6th. First Analysis set a $95.00 price target on 2U and gave the stock a “buy” rating in a research note on Friday, November 16th. Finally, KeyCorp upped their price target on 2U from $65.00 to $80.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 26th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. 2U currently has an average rating of “Buy” and an average target price of $87.42.
Shares of NASDAQ:TWOU opened at $69.07 on Tuesday. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of -109.63 and a beta of 0.75. The company has a quick ratio of 7.62, a current ratio of 7.62 and a debt-to-equity ratio of 0.03. 2U has a 12 month low of $44.50 and a 12 month high of $98.58.2U (NASDAQ:TWOU) last announced its quarterly earnings results on Monday, February 25th. The software maker reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The company had revenue of $115.10 million during the quarter, compared to analyst estimates of $114.90 million. 2U had a negative return on equity of 5.77% and a negative net margin of 9.31%. The firm’s revenue was up 32.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. Research analysts predict that 2U will post -1.14 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Tompkins Financial Corp acquired a new stake in shares of 2U in the fourth quarter valued at about $26,000. Rehmann Capital Advisory Group acquired a new stake in shares of 2U in the fourth quarter valued at about $34,000. Captrust Financial Advisors grew its stake in shares of 2U by 352.8% in the fourth quarter. Captrust Financial Advisors now owns 1,046 shares of the software maker’s stock valued at $52,000 after buying an additional 815 shares in the last quarter. Mycio Wealth Partners LLC acquired a new stake in shares of 2U in the fourth quarter valued at about $74,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of 2U by 94.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,576 shares of the software maker’s stock valued at $78,000 after buying an additional 764 shares in the last quarter.
2U Company Profile
2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.
See Also: Why do corrections happen?
Receive News & Ratings for 2U Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for 2U and related companies with MarketBeat.com’s FREE daily email newsletter.