In a report released today, Ryan MacDonald from Needham maintained a Hold rating on 2U Inc (TWOU). The company’s shares closed last Monday at $17.26, close to its 52-week low of $11.37.
According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 16.8% and a 63.1% success rate. MacDonald covers the Technology sector, focusing on stocks such as Coupa Software Inc, eGain Corp, and Liveperson.
Currently, the analyst consensus on 2U Inc is a Hold with an average price target of $27.67.
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Based on 2U Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $27.97 million. In comparison, last year the company had a GAAP net loss of $9.94 million.
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.
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. engages in the provision of cloud-based software-as-a-service solutions for nonprofit colleges and universities to deliver education to qualified students. It operates through the Graduate Program and Short Course segments. The Graduate Program segment target students seeking a full graduate degree of the same quality receives on-campus.
