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

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

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

2U Price Performance

Shares of NASDAQ:TWOU opened at $0.21 on Monday. The firm has a market cap of $588,630.00, a price-to-earnings ratio of 0.00 and a beta of 0.81. The firm has a fifty day moving average price of $1.90 and a 200 day moving average price of $6.73. 2U has a fifty-two week low of $1.05 and a fifty-two week high of $135.60. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.91 and a current ratio of 0.91.

Institutional Trading of 2U

Large investors have recently made changes to their positions in the business. Keynote Financial Services LLC purchased a new position in 2U in the first quarter worth about $69,000. Price T Rowe Associates Inc. MD lifted its stake in shares of 2U by 232.1% in the 1st 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 last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of 2U by 76.1% in the 1st 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 period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of 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 purchasing an additional 438,007 shares during the period. 80.53% of the stock is currently owned by 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.