2U (NASDAQ:TWOU) Share Price Crosses Below 200-Day Moving Average of $15.49

2U, Inc. (NASDAQ:TWOU)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.49 and traded as low as $4.37. 2U shares last traded at $4.58, with a volume of 82,400 shares.

Analyst Ratings Changes

TWOU has been the subject of a number of analyst reports. StockNews.com started coverage on shares of 2U in a research report on Friday, June 21st. They issued a “hold” rating for the company. Needham & Company LLC reiterated a “hold” rating on shares of 2U in a report on Friday, May 3rd. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, 2U has an average rating of “Hold” and a consensus price target of $123.00.

2U Stock Performance

The stock’s fifty day simple moving average is $7.96 and its two-hundred day simple moving average is $15.49. The company has a market cap of $12.84 million, a price-to-earnings ratio of -0.04 and a beta of 0.80. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.91 and a current ratio of 0.91.

2U (NASDAQ:TWOU) last issued its earnings results on Thursday, May 2nd. The software maker reported ($8.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($11.10) by $3.00. The firm had revenue of $198.38 million for 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%. Equities research analysts anticipate that 2U, Inc. will post -9.53 EPS for the current year.

Institutional Trading of 2U

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Axxcess Wealth Management LLC acquired a new position in 2U during the third quarter valued at approximately $25,000. Oak Thistle LLC acquired a new position in shares of 2U during the 4th quarter valued at $39,000. SG Americas Securities LLC boosted 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 purchasing an additional 25,710 shares during the period. Keynote Financial Services LLC acquired a new stake in 2U in the 1st quarter valued at $69,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in 2U in the fourth quarter valued at about $399,000. Institutional investors and hedge funds own 80.53% of the company’s stock.

2U Company Profile

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.