2U (NASDAQ:TWOU) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of 2U (NASDAQ:TWOU) in a report released on Friday morning. The firm issued a hold rating on the software maker’s stock.

Several other equities research analysts have also issued reports on the stock. Needham & Company LLC lowered shares of 2U from a buy rating to a hold rating in a report on Tuesday, February 13th. Morgan Stanley decreased their price objective on shares of 2U from $2.00 to $1.00 and set an equal weight rating for the company in a research note on Tuesday, February 13th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $4.31.

2U Stock Performance

2U stock opened at $0.24 on Friday. 2U has a 1 year low of $0.23 and a 1 year high of $6.10. The firm’s 50 day moving average price is $0.36 and its 200-day moving average price is $0.97. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.09.

2U (NASDAQ:TWOU) last released its quarterly earnings data on Monday, February 12th. The software maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). 2U had a negative return on equity of 7.92% and a negative net margin of 33.58%. The firm had revenue of $255.66 million during the quarter, compared to the consensus estimate of $275.84 million. As a group, equities research analysts anticipate that 2U will post -0.25 earnings per share for the current year.

Hedge Funds Weigh In On 2U

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund lifted its stake in 2U by 33.6% in the 3rd quarter. New York State Common Retirement Fund now owns 38,422 shares of the software maker’s stock valued at $95,000 after buying an additional 9,671 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of 2U in the third quarter valued at approximately $25,000. Principal Financial Group Inc. acquired a new stake in shares of 2U in the third quarter worth approximately $28,000. Qtron Investments LLC purchased a new stake in shares of 2U during the third quarter worth approximately $35,000. Finally, Blair William & Co. IL raised its stake in 2U by 33.0% in the 3rd quarter. Blair William & Co. IL now owns 64,921 shares of the software maker’s stock valued at $160,000 after purchasing an additional 16,120 shares during the last quarter. 80.53% of the stock is owned by hedge funds and other institutional investors.

About 2U

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.