Impact of Brokerage Rating on Chegg, Inc.(CHGG)

Many Chegg, Inc.(CHGG) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Barrington Research on Feb 14, 2017 to Outperform, Raises Price Target to $ 12.50 from a previous price target of $11 .

Company has reported several Insider transactions to the SEC, on Aug 15, 2016, Charles Geiger (CHIEF PRODUCT OFFICER) sold 25,000 shares at 6.75 per share price.On Feb 25, 2016, Daniel Rosensweig (CEO) purchased 48,842 shares at 4.09 per share price.On Feb 25, 2016, Andrew J Brown (CFO) purchased 30,000 shares at 4.16 per share price.

Chegg Inc Last issued its quarterly earnings results on Feb 13, 2017. The company reported $0.10 EPS for the quarter. Analyst had a consensus estimate of $0.10. The company had revenue of $63.10 million for the quarter, compared to analysts expectations of $58.68 million. The companys revenue was down -7.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Chegg, Inc. (NYSE:CHGG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.33 by 6 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.

Chegg, Inc. (NYSE:CHGG): 6 analysts have set the short term price target of Chegg, Inc. (NYSE:CHGG) at $9.58. The standard deviation of short term price target has been estimated at $1.8, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 12 and $7 respectively.

Chegg, Inc. (NYSE:CHGG) rose 8.11% or 0.6 points on Tuesday and made its way into the gainers of the day. After trading began at $7.55 the stock was seen hitting $8.27 as a peak level and $7.2069 as the lowest level. The stock ended up at $8. The daily volume was measured at 2,410,238 shares. The 52-week high of the share price is $8.57 and the 52-week low is $3.15. The company has a market cap of $731 million.

Chegg, Inc. provides a social education platform. The Company rents and sells print textbooks; and provides eTextbooks, supplemental materials, homework help, textbook buyback, courses, and college admissions and scholarship services, as well as offers enrollment marketing and brand advertising services. Chegg, Inc. is headquartered in Santa Clara, California.

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