Chegg Insider Sells $409,266 in Stock (CHGG)
Chegg (NASDAQ:CHGG) Insider Nathan J. Schultz unloaded 64,350 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $6.36, for a total transaction of $409,266.00. Following the sale, the insider now directly owns 117,126 shares in the company, valued at approximately $744,921. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Lake Street Capital initiated coverage on shares of Chegg in a research note on Tuesday, May 20th. They set a “buy” rating and a $9.00 price target on the stock. Analysts at Bank of America upgraded shares of Chegg from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 29th. They now have a $8.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $10.71.
Shares of Chegg (NASDAQ:CHGG) traded up 7.80% on Monday, hitting $6.77. The stock had a trading volume of 894,021 shares. Chegg has a 52-week low of $4.82 and a 52-week high of $11.25. The stock has a 50-day moving average of $5.53 and a 200-day moving average of $6.83. The company’s market cap is $562.3 million.
Chegg (NASDAQ:CHGG) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.22) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.30) by $0.08. The company had revenue of $74.40 million for the quarter, compared to the consensus estimate of $70.82 million. During the same quarter last year, the company posted ($1.01) earnings per share. Chegg’s revenue was up 22.0% compared to the same quarter last year. Analysts expect that Chegg will post $-0.26 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.