StockNews.com Initiates Coverage on 2U (NASDAQ:TWOU)

Analysts at StockNews.com initiated coverage on shares of 2U (NASDAQ:TWOU) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the software maker’s stock.

Separately, Needham & Company LLC restated a “hold” rating on shares of 2U in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.00.

2U Price Performance

The company has a market cap of $757,000.00, a P/E ratio of -0.01 and a beta of 0.81. The business has a 50-day moving average price of $1.82 and a 200 day moving average price of $6.56. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 5.33. 2U has a 12 month low of $1.05 and a 12 month high of $135.60.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Keynote Financial Services LLC bought a new stake in shares of 2U during the 1st quarter worth approximately $69,000. Price T Rowe Associates Inc. MD boosted its stake in shares of 2U by 232.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 361,725 shares of the software maker’s stock valued at $141,000 after purchasing an additional 252,800 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of 2U by 76.1% in the first quarter. Los Angeles Capital Management LLC now owns 627,394 shares of the software maker’s stock worth $244,000 after purchasing an additional 271,133 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in 2U by 49.0% in the 4th quarter. BNP Paribas Financial Markets now owns 1,331,482 shares of the software maker’s stock worth $1,638,000 after buying an additional 438,007 shares during the period. Hedge funds and other institutional investors own 80.53% of the company’s stock.

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.