Analysts at StockNews.com initiated coverage on shares of 2U (NASDAQ:TWOU – Get Free Report) in a report released on Sunday. The firm 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 equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.00.
Read Our Latest Research Report on 2U
2U Stock Down 2.5 %
Hedge Funds Weigh In On 2U
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in 2U by 49.0% during the fourth quarter. BNP Paribas Financial Markets now owns 1,331,482 shares of the software maker’s stock valued at $1,638,000 after purchasing an additional 438,007 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in 2U by 76.1% during the first quarter. Los Angeles Capital Management LLC now owns 627,394 shares of the software maker’s stock valued at $244,000 after purchasing an additional 271,133 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in 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 in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in 2U during the fourth quarter valued at $399,000. Finally, Keynote Financial Services LLC purchased a new position in 2U during the first quarter valued at $69,000. 80.53% of the stock is owned by hedge funds and other 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.
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