BidaskClub upgraded shares of 2U, Inc. (NASDAQ:TWOU) from a buy rating to a strong-buy rating in a report published on Wednesday morning.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC reissued a buy rating and set a $54.00 target price (up previously from $49.00) on shares of 2U in a research report on Friday, May 5th. Zacks Investment Research raised shares of 2U from a hold rating to a buy rating and set a $52.00 target price on the stock in a research report on Thursday, July 6th. Citigroup Inc. initiated coverage on shares of 2U in a research report on Tuesday, July 18th. They set a buy rating and a $57.00 target price on the stock. Barrington Research raised their target price on shares of 2U to $56.00 and gave the company an outperform rating in a research report on Tuesday, August 8th. Finally, Credit Suisse Group raised their target price on shares of 2U from $54.00 to $58.00 and gave the company an outperform rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $54.60.

Shares of 2U (NASDAQ TWOU) opened at 48.25 on Wednesday. The firm’s 50-day moving average price is $48.88 and its 200-day moving average price is $43.19. 2U has a one year low of $29.23 and a one year high of $52.94. The firm’s market capitalization is $2.31 billion.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://theolympiareport.com/2017/08/27/2u-inc-twou-rating-increased-to-strong-buy-at-bidaskclub.html.

In other news, Director Mark Chernis sold 4,500 shares of 2U stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $44.12, for a total value of $198,540.00. Following the transaction, the director now owns 19,825 shares of the company’s stock, valued at approximately $874,679. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.40% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 2U by 182.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock worth $123,000 after buying an additional 1,693 shares during the period. Ameritas Investment Partners Inc. bought a new stake in 2U during the first quarter worth approximately $126,000. Rehmann Capital Advisory Group bought a new stake in 2U during the second quarter worth approximately $204,000. Advisor Group Inc. boosted its stake in 2U by 41.5% in the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock worth $210,000 after buying an additional 1,313 shares during the period. Finally, Prudential Financial Inc. bought a new stake in 2U during the second quarter worth approximately $222,000.

2U Company Profile

2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.

Analyst Recommendations for 2U (NASDAQ:TWOU)

Receive News & Ratings for 2U Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.