Shares of Chegg, Inc. (NYSE:CHGG – Get Free Report) have been assigned a consensus rating of “Reduce” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $5.47.
A number of equities analysts have recently weighed in on CHGG shares. StockNews.com lowered Chegg from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Needham & Company LLC reiterated a “hold” rating on shares of Chegg in a research report on Tuesday, August 6th. Piper Sandler reduced their target price on shares of Chegg from $6.00 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, August 6th. The Goldman Sachs Group raised shares of Chegg from a “sell” rating to a “neutral” rating and cut their price objective for the company from $7.00 to $3.75 in a report on Tuesday, August 6th. Finally, Northland Securities lowered their target price on shares of Chegg from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Tuesday, August 6th.
Check Out Our Latest Stock Report on CHGG
Institutional Trading of Chegg
Chegg Stock Down 8.1 %
CHGG opened at $2.11 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $2.90 and its 200 day simple moving average is $5.41. Chegg has a 1-year low of $1.95 and a 1-year high of $11.48. The stock has a market cap of $215.17 million, a PE ratio of -11.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.35.
Chegg (NYSE:CHGG – Get Free Report) last posted its earnings results on Monday, August 5th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Chegg had a net margin of 2.07% and a return on equity of 0.87%. The company had revenue of $163.10 million during the quarter, compared to analysts’ expectations of $160.02 million. During the same quarter last year, the company posted $0.01 EPS. Chegg’s quarterly revenue was down 10.8% compared to the same quarter last year. As a group, research analysts expect that Chegg will post 0.28 earnings per share for the current year.
Chegg Company Profile
Chegg, Inc operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside.
Further Reading
- Five stocks we like better than Chegg
- Stock Dividend Cuts Happen Are You Ready?
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- 3 Healthcare Dividend Stocks to Buy
- Lowe’s Stock: Hold Now, Buy it When it Dips
- 5 Top Rated Dividend Stocks to Consider
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
Receive News & Ratings for Chegg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chegg and related companies with MarketBeat.com's FREE daily email newsletter.