2U (NASDAQ:TWOU) Stock Crosses Below 200-Day Moving Average of $1.06

2U, Inc. (NASDAQ:TWOU)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.06 and traded as low as $0.28. 2U shares last traded at $0.28, with a volume of 809,203 shares trading hands.

Analyst Ratings Changes

Several analysts have issued reports on TWOU shares. StockNews.com began coverage on shares of 2U in a report on Thursday. They issued a “hold” rating on the stock. Morgan Stanley reduced their target price on 2U from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 13th. Finally, Needham & Company LLC downgraded 2U from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.31.

2U Price Performance

The company has a market capitalization of $20.74 million, a price-to-earnings ratio of -0.06 and a beta of 0.83. The company has a fifty day simple moving average of $0.40 and a two-hundred day simple moving average of $1.06. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.97 and a current ratio of 0.97.

2U (NASDAQ:TWOU) last released its earnings results on Monday, February 12th. The software maker reported $0.43 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.07). 2U had a negative net margin of 33.58% and a negative return on equity of 7.92%. The business had revenue of $255.66 million during the quarter, compared to analyst estimates of $275.84 million. As a group, research analysts anticipate that 2U, Inc. will post -0.25 earnings per share for the current year.

Hedge Funds Weigh In On 2U

Institutional investors and hedge funds have recently bought and sold shares of the stock. Axxcess Wealth Management LLC purchased a new stake in shares of 2U during the 3rd quarter worth about $25,000. Point72 Middle East FZE purchased a new stake in 2U during the fourth quarter worth approximately $25,000. Principal Financial Group Inc. acquired a new stake in shares of 2U in the third quarter worth $28,000. Qtron Investments LLC purchased a new position in shares of 2U in the 3rd quarter valued at $35,000. Finally, Hsbc Holdings PLC purchased a new position in shares of 2U in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 80.53% of the company’s stock.

About 2U

2U, Inc operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.