2U (NASDAQ:TWOU) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of 2U (NASDAQ:TWOU) in a report issued on Friday. The firm issued a hold rating on the software maker’s stock.

Separately, Needham & Company LLC reaffirmed a hold rating on shares of 2U in a research note on Friday, May 3rd. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $123.00.

2U Stock Down 0.8 %

TWOU opened at $5.97 on Friday. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $16.72 million, a price-to-earnings ratio of -0.05 and a beta of 0.85. The business has a 50-day moving average of $8.50 and a two-hundred day moving average of $17.14. 2U has a 12 month low of $5.39 and a 12 month high of $144.30.

2U (NASDAQ:TWOU) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported ($8.10) EPS for the quarter, beating the consensus estimate of ($11.10) by $3.00. The company had revenue of $198.38 million during the quarter, compared to analysts’ expectations of $195.32 million. 2U had a negative return on equity of 10.90% and a negative net margin of 35.13%. On average, research analysts expect that 2U will post -9.46 earnings per share for the current year.

Hedge Funds Weigh In On 2U

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Axxcess Wealth Management LLC acquired a new position in 2U during the 3rd quarter worth approximately $25,000. Oak Thistle LLC acquired a new position in 2U during the 4th quarter worth approximately $39,000. Keynote Financial Services LLC acquired a new position in 2U during the 1st quarter worth approximately $69,000. New York State Common Retirement Fund lifted its position in 2U by 33.6% during the 3rd quarter. New York State Common Retirement Fund now owns 38,422 shares of the software maker’s stock worth $95,000 after acquiring an additional 9,671 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in 2U by 45.4% during the 4th quarter. SG Americas Securities LLC now owns 82,317 shares of the software maker’s stock worth $101,000 after acquiring an additional 25,710 shares in the last quarter. 80.53% of the stock is owned by institutional investors and hedge funds.

About 2U

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.