2U, Inc. (NASDAQ:TWOU) Short Interest Update

2U, Inc. (NASDAQ:TWOU) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 423,100 shares, a decrease of 95.8% from the May 31st total of 10,000,000 shares. Based on an average daily trading volume, of 68,500 shares, the short-interest ratio is currently 6.2 days. Currently, 16.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com initiated coverage on shares of 2U in a report on Friday, June 21st. They set a “hold” rating for the company. Needham & Company LLC reiterated a “hold” rating on shares of 2U in a research note on Friday, May 3rd. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, 2U presently has an average rating of “Hold” and an average price target of $123.00.

Institutional Investors Weigh In On 2U

A number of large investors have recently made changes to their positions in the stock. Barclays PLC lifted its position in 2U by 131.3% during the third quarter. Barclays PLC now owns 126,320 shares of the software maker’s stock worth $312,000 after buying an additional 71,696 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of 2U by 14.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,759,732 shares of the software maker’s stock worth $4,347,000 after acquiring an additional 225,253 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of 2U by 65.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 356,261 shares of the software maker’s stock valued at $438,000 after acquiring an additional 141,119 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of 2U in the fourth quarter valued at about $39,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of 2U by 6.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,251 shares of the software maker’s stock valued at $1,029,000 after purchasing an additional 50,366 shares during the period. 80.53% of the stock is currently owned by hedge funds and other institutional investors.

2U Price Performance

Shares of NASDAQ:TWOU traded up $0.06 during trading on Friday, reaching $5.19. The stock had a trading volume of 16,980 shares, compared to its average volume of 81,177. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.91 and a current ratio of 0.91. 2U has a 1-year low of $5.08 and a 1-year high of $144.30. The stock has a market cap of $14.53 million, a PE ratio of -0.04 and a beta of 0.85. The business has a fifty day moving average price of $8.23 and a 200-day moving average price of $16.46.

2U (NASDAQ:TWOU) last announced its earnings results on Thursday, May 2nd. The software maker reported ($8.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($11.10) by $3.00. 2U had a negative net margin of 35.13% and a negative return on equity of 10.90%. The company had revenue of $198.38 million for the quarter, compared to analysts’ expectations of $195.32 million. On average, equities analysts forecast that 2U will post -9.53 earnings per share for the current fiscal year.

2U Company Profile

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.