2U (NASDAQ:TWOU) Rating Lowered to Strong Sell at BidaskClub

Share on StockTwits

2U (NASDAQ:TWOU) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday, June 1st, BidAskClub reports.

A number of other research analysts have also recently weighed in on the stock. Piper Jaffray Companies dropped their price objective on shares of 2U from $78.00 to $57.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Berenberg Bank started coverage on shares of 2U in a report on Wednesday, March 6th. They issued a “buy” rating and a $102.00 price objective for the company. BMO Capital Markets restated an “outperform” rating and issued a $72.00 price objective on shares of 2U in a report on Tuesday, February 12th. KeyCorp boosted their price target on shares of 2U from $65.00 to $80.00 and gave the stock an “in-line” rating in a report on Tuesday, February 26th. Finally, Robert W. Baird boosted their price target on shares of 2U from $80.00 to $90.00 and gave the stock an “in-line” rating in a report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $75.09.

2U stock opened at $35.37 on Friday. The company has a market capitalization of $2.07 billion, a PE ratio of -56.14 and a beta of 1.04. 2U has a 1 year low of $35.07 and a 1 year high of $97.41. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.08.

2U (NASDAQ:TWOU) last released its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.03. The business had revenue of $122.20 million for the quarter, compared to the consensus estimate of $121.77 million. 2U had a negative net margin of 10.19% and a negative return on equity of 5.85%. The business’s revenue was up 32.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) EPS. On average, research analysts forecast that 2U will post -1.23 EPS for the current year.

In other 2U news, Director Gregory K. Peters purchased 12,459 shares of 2U stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of $40.15 per share, for a total transaction of $500,228.85. Following the transaction, the director now directly owns 25,744 shares in the company, valued at $1,033,621.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew J. Norden sold 1,650 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $39.31, for a total transaction of $64,861.50. Following the completion of the sale, the insider now owns 14,142 shares of the company’s stock, valued at approximately $555,922.02. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Meridian Wealth Management LLC acquired a new stake in 2U in the 1st quarter valued at about $50,000. Clearbridge Investments LLC grew its stake in 2U by 2.5% in the 1st quarter. Clearbridge Investments LLC now owns 274,500 shares of the software maker’s stock valued at $19,448,000 after acquiring an additional 6,800 shares during the last quarter. HighTower Advisors LLC acquired a new stake in 2U in the 1st quarter valued at about $328,000. Ladenburg Thalmann Financial Services Inc. grew its stake in 2U by 94.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,240 shares of the software maker’s stock valued at $88,000 after acquiring an additional 602 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in 2U by 1,167.9% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 111,700 shares of the software maker’s stock valued at $7,914,000 after acquiring an additional 102,890 shares during the last quarter.

About 2U

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.

See Also: What is Put Option Volume?

Analyst Recommendations for 2U (NASDAQ:TWOU)

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