5 Cathie Wood Stocks that are on Sale Now

2. 2U, Inc. (NASDAQ:TWOU)

Number of Hedge Fund Holders: 17
Year to Date Loss: 63%

2U, Inc. (NASDAQ:TWOU) operates an online education platform under two segments: Degree Program and Alternative Credential. Under the Degree Program segment, the company offers technology and services to colleges and universities to offer online degree programs online. The Alternative credential segment offers online open courses, executive education programs, and skill-based boot camps.

2U, Inc. (NASDAQ:TWOU) plunged by nearly 30% in August after the company delivered disappointing second-quarter results that missed expectations on top and bottom lines. Quarterly revenue was down 8% year over year to $222 million as net loss came in at $0.18 a share against the 0.07 a share that analysts expected. The stock has shed 63% in market value year to date. However, it is still rated as a ‘Moderate Buy’ with a $5.36 price target, implying a $127.12% upside potential to current levels.

Out of the 910 hedge funds tracked by Insider Monkey as of the end of Q2 2023, 17 hedge funds had stakes in 2U, Inc. (NASDAQ:TWOU).

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