The stock is trading at $54.24 a bit higher than the 50 day moving average of $50.19 and much higher than the 200 day moving average of $45.15. The 50 day moving average went up by +8.06% and the 200 day average went up by +20.13%. (NASDAQ:TWOU) shares saw light trading volume with 340K shares changing hands on Wednesday. Overall, volume was down 10.10% under the stocks normal daily volume.
Investors are feeling more bearish on 2U, Inc. of late as evidenced by the increase in short interest. The stock had a rise in short interest from August 15, 2017 to August 31, 2017 of 1.23%. Short shares grew 93,119 over that period. With short interest at 7,659,245 and short average daily volume at 228,665, the short-interest ratio is 33.0 and the percentage of shorted shares is 0.16% as of August 31.
There has been some selling insider activity on 2U, Inc. (NASDAQ:TWOU) recently. John M. Larson, Director reported the sale of 150,000 shares. The shares were sold on September 11th for an average price of $46.79. The Director now owns $4,502,227 of the stock per the Form 4 SEC filing.
These funds have shifted positions in (TWOU). As of the end of the quarter William Blair Investment Management, LLC had bought 79,191 shares growing its stake by 2.9%. The value in dollars increased from $109,120,000 to $132,811,000 increasing 21.7% quarter to quarter. Atika Capital Management LLC augmented its holdings by buying 2,350 shares an increase of 9.2% in the quarter. Atika Capital Management LLC claims 28,032 shares valued at $1,315,000. The value of the position overall is up by 29.0%.
As of quarter end Jane Street Group, LLC had disposed of a total of 6,200 shares trimming its position 31.0%. The value of the investment in (TWOU) went from $793,000 to $647,000 a change of 18.4% since the last quarter. As of the end of the quarter Spot Trading L.l.c had sold 1,000 shares trimming its holdings by 8.2%. The value of the investment in TWOU went from $368,000 to $444,000 a change of $76,000 quarter over quarter.
August 8 investment analysts at Baird maintained a company rating of “Outperform” but raised the price target to $59.00 from $35.00. On July 18, 2017 Citigroup starting coverage on the stock with a rating of “Buy”.
As of the last earnings report the EPS was $-0.51 and is estimated to be $-0.13 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 projected to be $-0.04.
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..