2U (NASDAQ:TWOU) Stock Rating Reaffirmed by Needham & Company LLC

2U (NASDAQ:TWOU)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a note issued to investors on Friday, Benzinga reports. They currently have a $3.00 price target on the software maker’s stock. Needham & Company LLC’s price objective suggests a potential upside of 141.94% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Barrington Research downgraded shares of 2U from an “outperform” rating to a “market perform” rating in a research note on Friday, November 10th. Credit Suisse Group decreased their target price on 2U from $7.50 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. The Goldman Sachs Group cut their price target on 2U from $10.00 to $8.60 and set a “buy” rating on the stock in a report on Thursday, August 10th. StockNews.com assumed coverage on 2U in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Morgan Stanley cut their target price on shares of 2U from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Friday, November 10th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, 2U has an average rating of “Hold” and a consensus price target of $4.42.

2U Trading Up 10.7 %

Shares of NASDAQ TWOU traded up $0.12 during trading on Friday, reaching $1.24. The stock had a trading volume of 2,147,349 shares, compared to its average volume of 1,410,599. The business’s 50-day moving average price is $2.25 and its 200-day moving average price is $3.27. 2U has a fifty-two week low of $0.88 and a fifty-two week high of $13.15. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $101.77 million, a P/E ratio of -0.35 and a beta of 1.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of 2U during the fourth quarter worth $9,215,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of 2U in the first quarter valued at about $9,977,000. JPMorgan Chase & Co. boosted its holdings in shares of 2U by 144.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,739,677 shares of the software maker’s stock valued at $10,908,000 after acquiring an additional 1,028,476 shares in the last quarter. ARK Investment Management LLC increased its stake in shares of 2U by 11.2% during the third quarter. ARK Investment Management LLC now owns 9,765,122 shares of the software maker’s stock worth $24,120,000 after acquiring an additional 981,368 shares during the period. Finally, Marshall Wace LLP purchased a new position in 2U during the fourth quarter worth about $4,000,000. 90.55% of the stock is owned by hedge funds and other institutional investors.

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.