Oppenheimer Maintains 2U Inc to Outperform with Price Target $38.00

Brokerage firm Oppenheimer Maintains its rating on 2U Inc(NASDAQ:TWOU). In a research note issued to the investors, the brokerage major Raises the price-target to $38.00 per share. The shares have been rated Outperform. The rating by Oppenheimer was issued on Aug 5, 2016.

In a different note, Needham said it Initiates Coverage on 2U Inc, according to a research note issued on Jul 15, 2016. The shares have been rated ‘Buy’ by the firm.

2U Inc (TWOU) shares turned negative on Wednesdays trading session with the shares closing down -0.09 points or -0.26% at a volume of 2,65,225. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.89. The peak price level was also seen at $34.89 while the days lowest was $34.4928. Finally the shares closed at $34.81. The 52-week high of the shares is $39.69 while the 52-week low is $14.94. According to the latest information available, the market cap of the company is $1,632 M.

2U Inc(TWOU) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $49.11M. Analysts had an estimated revenue of $48.49M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.12.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Mark Chernis (director) sold 4,500 shares at $29.35 per share price.Also, 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.

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