American Century Companies Inc. lowered its holdings in Chegg Inc (NYSE:CHGG) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 473,587 shares of the technology company’s stock after selling 28,514 shares during the quarter. American Century Companies Inc.’s holdings in Chegg were worth $7,729,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nationwide Fund Advisors boosted its holdings in Chegg by 2.2% in the 2nd quarter. Nationwide Fund Advisors now owns 47,047 shares of the technology company’s stock valued at $578,000 after purchasing an additional 1,005 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Chegg by 4.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 45,058 shares of the technology company’s stock valued at $554,000 after purchasing an additional 1,823 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Chegg by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,306 shares of the technology company’s stock valued at $802,000 after purchasing an additional 2,074 shares during the period. Voya Investment Management LLC raised its position in shares of Chegg by 9.2% in the 2nd quarter. Voya Investment Management LLC now owns 39,586 shares of the technology company’s stock valued at $487,000 after buying an additional 3,331 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Chegg by 106.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,359 shares of the technology company’s stock valued at $108,000 after buying an additional 3,790 shares in the last quarter.
Several equities analysts have recently commented on CHGG shares. BidaskClub upgraded shares of Chegg from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. First Analysis cut shares of Chegg from an “overweight” rating to an “equal weight” rating and set a $18.00 target price for the company. in a research report on Tuesday, October 31st. Barrington Research restated an “outperform” rating and issued a $19.00 target price (up from $17.00) on shares of Chegg in a research report on Tuesday, October 31st. Northland Securities restated a “buy” rating and issued a $18.00 target price on shares of Chegg in a research report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Chegg from $15.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.09.
Chegg Inc (NYSE CHGG) opened at $19.57 on Tuesday. The stock has a market cap of $2,120.00, a P/E ratio of -93.19, a P/E/G ratio of 6.99 and a beta of 1.74. Chegg Inc has a 12-month low of $7.81 and a 12-month high of $19.96.
Chegg (NYSE:CHGG) last released its quarterly earnings data on Monday, February 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The business had revenue of $73.51 million during the quarter, compared to analysts’ expectations of $70.61 million. Chegg had a negative net margin of 7.95% and a negative return on equity of 2.64%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. equities research analysts expect that Chegg Inc will post 0.11 EPS for the current year.
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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