GSA Capital Partners LLP Invests $357,000 in 2U Inc (NASDAQ:TWOU)

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GSA Capital Partners LLP bought a new stake in 2U Inc (NASDAQ:TWOU) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,269 shares of the software maker’s stock, valued at approximately $357,000.

A number of other institutional investors have also added to or reduced their stakes in TWOU. Bank of Montreal Can grew its position in shares of 2U by 63.4% in the 2nd quarter. Bank of Montreal Can now owns 31,580 shares of the software maker’s stock valued at $2,639,000 after acquiring an additional 12,258 shares during the period. Fred Alger Management Inc. grew its position in shares of 2U by 3.7% in the 2nd quarter. Fred Alger Management Inc. now owns 205,675 shares of the software maker’s stock valued at $17,186,000 after acquiring an additional 7,366 shares during the period. Independent Advisor Alliance bought a new position in shares of 2U in the 2nd quarter valued at about $255,000. Raymond James Financial Services Advisors Inc. grew its position in shares of 2U by 223.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 10,308 shares of the software maker’s stock valued at $861,000 after acquiring an additional 7,121 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of 2U in the 2nd quarter valued at about $1,486,000.

TWOU has been the subject of a number of analyst reports. BidaskClub downgraded shares of 2U from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. DA Davidson started coverage on shares of 2U in a research note on Wednesday, August 29th. They set a “buy” rating and a $98.00 target price for the company. Piper Jaffray Companies started coverage on shares of 2U in a research note on Thursday, September 6th. They set a “neutral” rating and a $94.00 target price for the company. ValuEngine upgraded shares of 2U from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 2nd. Finally, Barrington Research restated a “buy” rating and set a $100.00 target price on shares of 2U in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $91.15.

2U stock traded up $1.46 during midday trading on Friday, hitting $64.31. The company’s stock had a trading volume of 796,372 shares, compared to its average volume of 589,965. 2U Inc has a 1-year low of $57.84 and a 1-year high of $98.58. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $4.32 billion and a price-to-earnings ratio of -119.09.

2U (NASDAQ:TWOU) last issued its quarterly earnings data on Thursday, August 2nd. The software maker reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.21. 2U had a negative net margin of 13.69% and a negative return on equity of 9.91%. The business had revenue of $97.40 million during the quarter, compared to analysts’ expectations of $95.84 million. During the same quarter in the previous year, the company earned ($0.11) EPS. The business’s revenue was up 49.8% on a year-over-year basis. On average, sell-side analysts anticipate that 2U Inc will post -0.71 earnings per share for the current fiscal year.

In other 2U news, CEO Christopher J. Paucek sold 75,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $84.42, for a total value of $6,331,500.00. Following the transaction, the chief executive officer now directly owns 605,191 shares of the company’s stock, valued at approximately $51,090,224.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mark Chernis sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total transaction of $840,400.00. Following the completion of the transaction, the chief operating officer now directly owns 43,602 shares in the company, valued at $3,664,312.08. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

2U Company Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Institutional Ownership by Quarter for 2U (NASDAQ:TWOU)

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