The stock last traded at $63.63 which is impressively higher than $57.79, the 50 day moving average and which is well above the 200 day moving average of $49.37. The 50 day moving average went up by +10.10% and the 200 day average went up by +28.88%. Trading volume for 2U, Inc. was 366K by the end of trading on Tuesday. Trading volume was up 1.49% over the stocks average daily volume.
Investors are feeling more bearish on the company if you consider the change in short interest. The company had a rise in short interest of 2.67% as of October 13, 2017 from the last reporting period. Short interest increased from 7,607,349 to 7,810,198 over that period. Days to cover decreased -1.0 to 19.0 and the percentage of shorted shares was 0.16% on October 13.
2U, Inc. (NASDAQ:TWOU) has been the object of insider selling activity recently. Director John M. Larson sold 150,000 shares at an average price of $46.79 on Mon the 11th. The Director now owns $4,502,227 of the stock per an SEC filing yesterday.
A few notable investment firms have updated their holdings. As of the end of the quarter First Trust Advisors Lp had bought 25,237 shares growing its position 1.9%. The value of the company’s investment in 2U, Inc. went from $63,076,000 to $76,751,000 increasing 21.7% since the last quarter. As of quarter end Huntington National Bank had disposed of a total of 20 shares trimming its holdings by 1.2%. The value of the total investment in 2U, Inc. increased from $77,000 to $91,000 a change of 18.2% for the reporting period.
As of quarter end Pictet Asset Management Ltd had sold 154,617 shares trimming its stake by 30.5%. The value of the investment in 2U, Inc. went from $21,676,000 to $19,749,000 a change of $1,927,000 quarter to quarter. As of quarter end Parkside Financial Bank & Trust had disposed of 12 shares trimming its position 1.0%. The value of the investment in (TWOU) went from $56,000 to $66,000 a change of $10,000 quarter over quarter.
On July 18, 2017 Citigroup initiated coverage on the stock with an initial rating of “Buy”. On August 8 Baird kept the stock rating at “Outperform” but raised the price expectation from $35.00 to $59.00.
As of the last earnings report the EPS was $-0.51 and is estimated to be $-0.11 for the current year with 47,924,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.14 and the next full year EPS is anticipated to be $-0.08.
2U, Inc., launched on April 2, 2008, is a provider of an integrated solution consisting 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 Business’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Business’s clients’ programs. The Company also provides a suite of technology-enabled services optimized with data analysis and machine learning techniques that support the complete lifecycle of a higher education program, including attracting students, advising 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..