2U (NASDAQ:TWOU) Announces Quarterly Earnings Results
2U (NASDAQ:TWOU) issued its earnings results on Thursday. The software maker reported ($0.34) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.75) by $0.41, MarketWatch Earnings reports. The business had revenue of $182.69 million during the quarter, compared to analysts’ expectations of $175.12 million. 2U had a negative net margin of 46.21% and a negative return on equity of 22.05%.
NASDAQ TWOU traded up $3.23 during trading hours on Friday, hitting $47.10. 4,389,544 shares of the company’s stock traded hands, compared to its average volume of 1,527,935. The business’s fifty day moving average price is $39.01 and its two-hundred day moving average price is $28.63. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $3.01 billion, a P/E ratio of -9.61 and a beta of 0.78. 2U has a 52 week low of $11.37 and a 52 week high of $48.23.
In related news, CTO James Kenigsberg sold 33,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $32.87, for a total transaction of $1,084,710.00. Following the completion of the sale, the chief technology officer now directly owns 157,971 shares in the company, valued at $5,192,506.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Paucek sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $38.12, for a total transaction of $5,718,000.00. Following the sale, the chief executive officer now owns 702,600 shares of the company’s stock, valued at $26,783,112. The disclosure for this sale can be found here. Insiders have sold 216,900 shares of company stock valued at $8,396,010 over the last 90 days. 4.50% of the stock is currently owned by company insiders.
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.
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