Chegg Inc Reaches New 12-Month Low at $7.10 (CHGG)
Shares of Chegg (NASDAQ:CHGG) hit a new 52-week low during trading on Monday, AnalystRatingsNetwork.com reports. The stock traded as low as $7.10 and last traded at $7.14, with a volume of 859,210 shares trading hands. The stock had previously closed at $7.61.
A number of analysts have recently weighed in on CHGG shares. Analysts at Bank of America Corp. initiated coverage on shares of Chegg in a research note to investors on Monday, December 9th. They set a “buy” rating and a $11.50 price target on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Chegg in a research note to investors on Monday, December 9th. They set a “market perform” rating on the stock. Finally, analysts at Raymond James initiated coverage on shares of Chegg in a research note to investors on Monday, December 9th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Chegg has an average rating of “Buy” and a consensus price target of $12.02.
Chegg has a 52-week low of $7.34 and a 52-week high of $11.25. The stock has a 50-day moving average of $8.41 and a 200-day moving average of $8.47. The company’s market cap is $586.8 million.
Chegg, Inc (NASDAQ:CHGG) is the student-first connected learning platform, empowering students to take control of their education to save time, save money and get smarter.
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