2U, Inc. (TWOU) Rating Increased to Strong-Buy at BidaskClub
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.
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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.
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