Chegg, Inc. (CHGG) Insider Sells $143,600.00 in Stock
Chegg, Inc. (NYSE:CHGG) insider Esther Lem sold 10,000 shares of Chegg 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Chegg, Inc. (CHGG) traded up $0.13 during mid-day trading on Wednesday, reaching $14.61. The company’s stock had a trading volume of 453,954 shares, compared to its average volume of 990,011. Chegg, Inc. has a 1-year low of $6.84 and a 1-year high of $16.50.
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 firm earned ($0.17) earnings per share. Chegg’s revenue was down 12.2% on a year-over-year basis. equities research analysts expect that Chegg, Inc. will post -0.09 earnings per share for the current fiscal year.
CHGG has been the subject of a number of recent analyst reports. Northland Securities reaffirmed a “buy” rating and set a $16.00 target price on shares of Chegg in a report on Tuesday, August 29th. Zacks Investment Research lowered Chegg from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Jefferies Group reaffirmed a “buy” rating and set a $17.00 target price on shares of Chegg in a report on Thursday, September 7th. Citigroup initiated coverage on Chegg in a report on Monday, November 20th. They set a “buy” rating and a $19.00 target price for the company. Finally, Barrington Research reaffirmed an “outperform” rating and set a $19.00 target price (up previously from $17.00) on shares of Chegg in a report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $15.42.
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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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