2U Delivers Q2 Loss, Revenues Beat Estimates

2U, Inc. (TWOU) reported a larger-than-expected loss in the second quarter of 2021 but beat revenue expectations of $233.3 million. Revenue generated in the quarter was $237.2 million, which grew Read More... The post 2U Delivers Q2 Loss, Revenues Beat Estimates appeared first on TipRanks Financial Blog.

2U Delivers Q2 Loss, Revenues Beat Estimates

2U, Inc. () reported a larger-than-expected loss in the second quarter of 2021 but beat revenue expectations of $233.3 million.

Revenue generated in the quarter was $237.2 million, which grew 30% from the year-ago period.

Following the announcement, shares of the educational technology company declined 1.3% in Thursday’s extended trading session.

The company incurred a loss of $0.29 per share in Q2, compared to the $0.16 loss per share estimated by analysts. A loss of $1.03 per share was reported in the same quarter last year.

2U CEO Christopher "Chip" Paucek said, “As we work to close our recently announced edX acquisition, we are excited and energized by the opportunities it creates to expand access to affordable, high-quality online education globally and to deliver greater value for all of our stakeholders.” (See TWOU stock charts on TipRanks)

For 2021, the company reaffirmed its guidance and expects revenues in the range of $925 million to $955 million, reflecting growth of 19% - 23%.

On July 26, Needham analyst Ryan MacDonald reiterated a Buy rating on the stock with a price target of $61 (32.7% upside potential).  

Commenting on the recent edX acquisition MacDonald stated that “over the next 24 months, the combination is expected to result in 10%-15% of annual marketing cost efficiencies as well as be accretive to adjusted EBITDA in FY23, as cost efficiencies flow directly to 2U's bottom line.”      

Consensus among analysts is a Strong Buy based on 5 unanimous Buys. The average TWOU price target of $60.50 implies 31.6% upside potential from current levels. Shares have gained 4.8% over the past year.

TipRanks data shows that financial blogger opinions are 87% Bullish on TWOU, compared to a sector average of 69%.

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The post 2U Delivers Q2 Loss, Revenues Beat Estimates appeared first on TipRanks Financial Blog.

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Why Did Mizuho Securities Downgrade Coinbase Global's Stock?

Coinbase Global (COIN – Research Report) received a Hold rating and a $210.00 price target from Mizuho Securities analyst Dan Dolev today. The company's shares closed last Thursday at $235.78, close to its 52-week low of $208.00. According to TipRanks.com, Dolev is ranked #672 out of 7609 analysts. Coinbase Global has an analyst consensus of Moderate Buy, with a price target consensus of $351.33. See today’s analyst top recommended stocks >> Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COIN in relation to earlier this year. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world. Read More on COIN: Canaccord Genuity Remains a Buy on CI Financial (CIFAF) Amazon Delivers Mixed Q2 Results; Shares Fall 7% After-Hours Yum! Brands’ Shares Leap 6.1% on Stellar Q2 Results Schneider National Beats Q2 Expectations; Shares Jump Upwork Q2 Results Beat Estimates; Shares Fall 4.4% The post Why Did Mizuho Securities Downgrade Coinbase Global's Stock? appeared first on TipRanks Financial Blog.

Why Did Mizuho Securities Downgrade Coinbase Global's Stock?

Coinbase Global (COIN – Research Report) received a Hold rating and a $210.00 price target from Mizuho Securities analyst Dan Dolev today. The company's shares closed last Thursday at $235.78, close to its 52-week low of $208.00.

According to TipRanks.com, Dolev is ranked #672 out of 7609 analysts.

Coinbase Global has an analyst consensus of Moderate Buy, with a price target consensus of $351.33.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COIN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Coinbase Global Inc is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform. Geographically, it derives a vast majority of its revenues from the US followed by the rest of the world.

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  • Yum! Brands’ Shares Leap 6.1% on Stellar Q2 Results
  • Schneider National Beats Q2 Expectations; Shares Jump
  • Upwork Q2 Results Beat Estimates; Shares Fall 4.4%

The post Why Did Mizuho Securities Downgrade Coinbase Global's Stock? appeared first on TipRanks Financial Blog.

Source : Tip Ranks More   

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