2U Inc (NASDAQ: TWOU) stock fell -4.76% on Monday to $1.20 against a previous-day closing price of $1.26. With 3.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.89 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $1.2800 whereas the lowest price it dropped to was $1.1300. The 52-week range on TWOU shows that it touched its highest point at $13.15 and its lowest point at $0.88 during that stretch. It currently has a 1-year price target of $2.50. Beta for the stock currently stands at 1.09.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TWOU was up-trending over the past week, with a rise of 27.65%, but this was down by -43.66% over a month. Three-month performance dropped to -62.26% while six-month performance fell -70.66%. The stock lost -84.08% in the past year, while it has lost -80.86% so far this year. A look at the trailing 12-month EPS for TWOU yields -3.57 with Next year EPS estimates of -0.21. For the next quarter, that number is 0.62. This implies an EPS growth rate of 240.87% for this year and -207.65% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -47.35%.
Float and Shares Shorts:
At present, 78.33 million TWOU shares are outstanding with a float of 77.16 million shares on hand for trading. On Oct 30, 2023, short shares totaled 8.04 million, which was 9.88% higher than short shares on Sep 28, 2023. In addition to Mr. Christopher J. Paucek as the firm’s Co-Founder, CEO & Director, Mr. Paul S. Lalljie serves as its CFO & Principal Accounting Officer.
Through their ownership of 98.84% of TWOU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.43% of TWOU, in contrast to 42.45% held by mutual funds. Shares owned by individuals account for 18.88%. As the largest shareholder in TWOU with 11.99% of the stake, ARK Investment Management LLC holds 9,765,122 shares worth 9,765,122. A second-largest stockholder of TWOU, Greenvale Capital LLP, holds 5,846,319 shares, controlling over 7.18% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in TWOU, holding 5,522,636 shares or 6.78% stake. With a 8.01% stake in TWOU, the ARK Innovation ETF is the largest stakeholder. A total of 6,524,907 shares are owned by the mutual fund manager. The Nikko AM Global Umbrella Fund – A, which owns about 4.30% of TWOU stock, is the second-largest Mutual Fund holder. It holds 3,497,406 shares valued at 7.41 million. Vanguard Total Stock Market ETF holds 2.90% of the stake in TWOU, owning 2,364,776 shares worth 5.01 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TWOU since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TWOU analysts setting a high price target of $4.00 and a low target of $1.50, the average target price over the next 12 months is $2.50. Based on these targets, TWOU could surge 233.33% to reach the target high and rise by 25.0% to reach the target low. Reaching the average price target will result in a growth of 108.33% from current levels.
Summary of Insider Activity:
Insiders traded TWOU stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 57,200 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 1,258,875 while 226,353 shares were sold.