2U Inc (TWOU) was Initiated by Needham to “Buy” and the brokerage firm has set the Price Target at $40. Needham advised their investors in a research report released on Jul 15, 2016.
On the company’s financial health, 2U Inc reported $-0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 26, 2015. Analyst had a consensus of $-0.18. The company had revenue of $37.09 million for the quarter, compared to analysts expectations of $36.24 million. The company’s revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.
2U Inc opened for trading at $32.47 and hit $32.644 on the upside on Wednesday, eventually ending the session at $32.42, with a gain of 0.25% or 0.08 points. The heightened volatility saw the trading volume jump to 3,30,692 shares. Company has a market cap of $1,506 M.
In a different news, on Jun 13, 2016, Mark Chernis (director) sold 4,500 shares at $29.35 per share price. According to the SEC, on Jun 2, 2016, Edward S. Macias (director) purchased 893 shares at $27.90 per share price. On May 18, 2016, John M Larson (director) sold 16,666 shares at $27.24 per share price, according to the Form-4 filing with the securities and exchange commission.
2U Inc. is a provider of an integrated solution comprised of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of an online learning environment Online Campus which acts as the hub for student and faculty academic and social interaction and operations applications which provide the content management admissions application processing customer relationship management and other necessary functionalities. The Company also provides technology-enabled services that support the complete lifecycle of a higher education program including attracting students advising prospective students through the admissions application process providing technical success coaching and other support facilitating accessibility to individuals with disabilities and facilitating in-program field placements.