2U, Inc. (NASDAQ:TWOU):
2U to Announce 2017 Second Quarter Financial Results on Monday, August 7, 2017.
The company is so far trading up from yesterday’s close of $46.51.
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..
The stock last traded at $47.24 which is just a bit higher than $44.16, the stock’s 50 day moving average and barely above the 200 day moving average of $38.75. The 50 day moving average moved up $3.08 and the 200 day average went up $8.49 or +21.90%.
In the latest earnings report the EPS was $-0.44 and is expected to be $-0.11 for the current year with 47,542,000 shares outstanding. Next quarter’s EPS is estimated at $-0.08 and the next full year EPS is anticipated to be $-0.04.
Short traders are more bullish on shares of the company of late if you take a look at the downtick in short interest. The company had a fall in short interest of -5.02% as of May 15, 2017 from the last reporting period. Short interest decreased 343,155 over that period. With short interest at 6,487,421 and short average daily volume at 377,954, days to cover is 17.2 and the percentage of shorted shares is 0.14% as of May 15.
Several brokerages have provided guidance on 2U, Inc. recently. On July 15, 2016 Needham starting coverage on the stock by announcing an initial rating of “Buy” and setting a price target of $40.00. On February 26 Oppenheimer made no change to the stock rating of “Outperform” but lowered the price target to $29.00 from $35.00.
October 27 investment analysts at Oppenheimer held the stock rating at “Outperform” but raised the price expectation from $40.00 to $35.00. August 13 investment analysts at Oppenheimer left the company rating at “Overweight” and moved up the price target to $40.00 from $35.00.
On July 15 Pacific Crest maintained a stock rating of “Overweight” but moved up the price target to $38.00 from $31.00. Equity analyst Baird started covering TWOU giving it an initial rating of “Outperform” and price target of $35.00.