KeyBanc analyst Monika Garg maintained a Buy rating on 2U Inc (TWOU) today and set a price target of $65. The company’s shares closed yesterday at $53.30, close to its 52-week low of $44.50.
According to TipRanks.com, Garg is a 5-star analyst with an average return of 20.6% and a 64.9% success rate. Garg covers the Technology sector, focusing on stocks such as Oracle Corp, Wix.com Ltd, and Guidewire.
2U Inc has an analyst consensus of Strong Buy, with a price target consensus of $79.10.
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Based on 2U Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $9.94 million. In comparison, last year the company had a net profit of $509K.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TWOU in relation to earlier this year. Earlier this month, James Kenigsberg, the CTO of TWOU bought 92,700 shares for a total of $55,620.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
2U, Inc. provides cloud-based software-as-a-service solutions for nonprofit colleges and universities to deliver education to qualified students. The firm’s cloud-based SaaS platform solutions include online campus, an online learning platform that enables its clients to offer educational content together with instructor-led classes in a live, intimate, and engaging setting through proprietary Web-based and mobile applications; and content management system, which enables its clients to author, review and deploy asynchronous content into their online programs. Its solutions also comprise application processing portal that automates the online application process for prospective students of its client’s programs; and customer relationship management deployments, which serve as the data hub for scheduling, student acquisition, student application, faculty admissions review, enrollment and student support for each program. The company was founded by Christopher J. Paucek in April 2008 and is headquartered in Lanham, MD.
