BMO Capital Markets Lowers 2U (TWOU) Price Target to $60.00

2U (NASDAQ:TWOU) had its price target trimmed by BMO Capital Markets from $83.00 to $60.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the software maker’s stock.

Several other equities research analysts have also issued reports on the company. Credit Suisse Group lowered 2U from an outperform rating to a neutral rating and dropped their price target for the company from $85.00 to $55.00 in a research report on Wednesday. BidaskClub lowered 2U from a sell rating to a strong sell rating in a research report on Friday, May 3rd. Berenberg Bank assumed coverage on 2U in a research report on Wednesday, March 6th. They set a buy rating and a $102.00 price target on the stock. Barrington Research reissued an outperform rating and set a $90.00 price target (up from $75.00) on shares of 2U in a research report on Tuesday, February 26th. Finally, Oppenheimer upped their price target on 2U from $70.00 to $83.00 and gave the company an outperform rating in a research report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $75.09.

Shares of TWOU opened at $41.63 on Wednesday. 2U has a 52-week low of $40.64 and a 52-week high of $98.58. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of -66.08 and a beta of 0.64. The company has a current ratio of 5.11, a quick ratio of 7.62 and a debt-to-equity ratio of 0.08.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pier 88 Investment Partners LLC grew its stake in 2U by 3.1% during the 4th quarter. Pier 88 Investment Partners LLC now owns 6,755 shares of the software maker’s stock worth $336,000 after buying an additional 200 shares during the last quarter. Sigma Planning Corp grew its stake in 2U by 6.5% during the 1st quarter. Sigma Planning Corp now owns 4,320 shares of the software maker’s stock worth $306,000 after buying an additional 262 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in 2U by 7.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,272 shares of the software maker’s stock worth $374,000 after buying an additional 345 shares during the last quarter. California State Teachers Retirement System grew its stake in 2U by 0.5% during the 1st quarter. California State Teachers Retirement System now owns 86,531 shares of the software maker’s stock worth $6,131,000 after buying an additional 392 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in 2U by 41.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,630 shares of the software maker’s stock worth $81,000 after buying an additional 480 shares during the last quarter.

2U Company Profile

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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