News articles about Chegg (NYSE:CHGG) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chegg earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.926038211063 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Chegg Inc (CHGG) General Counsel Sells $217,017.09 in Stock (americanbankingnews.com)
- Chegg Inc (CHGG) CMO Sells $492,900.00 in Stock (americanbankingnews.com)
- Chegg Inc (CHGG) Insider Sells $472,617.88 in Stock (americanbankingnews.com)
- Chegg, Inc. (NYSE:CHGG) – Volatile Stock Characteristics – Nasdaq Journal (press release) (nasdaqjournal.com)
Several research firms have recently weighed in on CHGG. Zacks Investment Research cut Chegg from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. BidaskClub cut Chegg from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Jefferies Group restated a “buy” rating and issued a $17.00 price target on shares of Chegg in a research note on Thursday, September 7th. First Analysis cut Chegg from an “overweight” rating to an “equal weight” rating and set a $18.00 price target for the company. in a research note on Tuesday, October 31st. Finally, Northland Securities reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Chegg in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $15.42.
Chegg (NYSE:CHGG) last issued its quarterly earnings data on Monday, October 30th. The technology company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Chegg had a negative return on equity of 5.06% and a negative net margin of 10.40%. The company had revenue of $62.60 million during the quarter, compared to analyst estimates of $57.75 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. Chegg’s revenue was down 12.2% compared to the same quarter last year. equities analysts predict that Chegg will post -0.09 earnings per share for the current fiscal year.
In other Chegg news, insider Michael A. Osier sold 114,928 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $14.69, for a total transaction of $1,688,292.32. Following the completion of the sale, the insider now owns 591,902 shares of the company’s stock, valued at $8,695,040.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Esther Lem sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $14.36, for a total value of $143,600.00. The disclosure for this sale can be found here. Insiders sold 876,101 shares of company stock valued at $13,342,827 in the last ninety days. 20.40% of the stock is currently owned by corporate insiders.
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Chegg Company Profile
Chegg, Inc is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. The Company matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States.
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