Oppenheimer Maintains a Hold Rating on 2U (TWOU)


In a report released today, Brian Schwartz from Oppenheimer maintained a Hold rating on 2U (TWOU). The company’s shares closed last Thursday at $23.75.

According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 29.0% and a 75.9% success rate. Schwartz covers the Technology sector, focusing on stocks such as RingCentral, Salesforce, and ServiceNow.

Currently, the analyst consensus on 2U is a Moderate Buy with an average price target of $29.50.

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Based on 2U’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $163 million and GAAP net loss of $44.58 million. In comparison, last year the company earned revenue of $115 million and had a net profit of $4.83 million.

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2U, Inc. engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Graduate Program and Alternative Credential. The Graduate Program segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs. The Alternative Credential segment provides premium online short courses and technical, skills-based boot camps through relationships with nonprofit colleges and universities. The company was founded by Christopher J. Paucek on April 2, 2008 and is headquartered in Lanham, MD.

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