2U, Inc. (NASDAQ:TWOU) Closed Above Its 50 Day Moving Average


It is trading at $61.37 slightly over the 50 day moving average which is $56.18 and quite a bit higher than the 200 day moving average of $48.52. The 50 day moving average moved up $5.19 and the 200 day average went up by +26.49%. Trading was light with 332K shares changing hands by the end of trading on Tuesday. Overall, volume was down 12.28% under the stocks normal daily volume.

Traders are a little more bullish on 2U, Inc. of late as implied by the change in short interest. The stock saw a fall in short interest from September 15, 2017 to September 29, 2017 of -1.07%. Short interest decreased from 7,689,951 to 7,607,349 over that timeframe. The days to cover increased to 20.0 and the percentage of shorted shares is 0.16% as of September 29.

Here is a rundown on some insider market activity for 2U, Inc. (NASDAQ:TWOU). John M. Larson, Director reported the sale of 150,000 shares of (TWOU). The shares were purchased at an average price of $46.79. Larson now owns $4,502,227 of the stock according to the SEC filing.

These firms have modified their investment in TWOU. Atika Capital Management LLC grew its investment by buying 2,350 shares an increase of 9.2% as of 06/30/2017. Atika Capital Management LLC claims 28,032 shares valued at $1,315,000. The total value of its holdings increased 29.0%. As of the end of the quarter William Blair Investment Management, LLC had acquired a total of 79,191 shares growing its holdings by 2.9%. The value in dollars went from $109,120,000 to $132,811,000 a change of $23,691,000 quarter to quarter.

As of quarter end Cutler Group LP had sold 4,400 shares trimming its stake by 93.6%. The value of the investment in TWOU increased from $3,000 to $16,000 a change of 433.3% quarter over quarter. As of the end of the quarter Bank Of Montreal /can/ had acquired 194 shares growing its position 32.2%. The value of the total investment in 2U, Inc. increased from $28,000 to $45,000 increasing 60.7% for the reporting period.

On July 18 analysts at Citigroup started covering the stock by announcing an initial rating of “Buy”. On August 8 Baird kept the stock rating at “Outperform” but raised the price expectation to $59.00 from $35.00.

As of the last earnings report the EPS was $-0.51 and is expected to be $-0.12 for the current year with 47,924,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.14 with next year’s EPS anticipated to be $-0.07.

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..