Chegg Inc (NYSE:CHGG) insider Esther Lem sold 9,400 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $17.00, for a total value of $159,800.00. Following the completion of the transaction, the insider now owns 505,120 shares in the company, valued at approximately $8,587,040. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Esther Lem also recently made the following trade(s):

  • On Tuesday, January 2nd, Esther Lem sold 30,000 shares of Chegg stock. The stock was sold at an average price of $16.43, for a total transaction of $492,900.00.
  • On Monday, December 18th, Esther Lem sold 10,000 shares of Chegg stock. The stock was sold at an average price of $16.19, for a total transaction of $161,900.00.
  • On Wednesday, December 20th, Esther Lem sold 20,000 shares of Chegg stock. The shares were sold at an average price of $16.35, for a total transaction of $327,000.00.
  • On Wednesday, December 6th, Esther Lem sold 10,000 shares of Chegg stock. The stock was sold at an average price of $14.36, for a total transaction of $143,600.00.

Shares of Chegg Inc (NYSE CHGG) traded down $0.19 on Friday, hitting $16.74. 565,676 shares of the company were exchanged, compared to its average volume of 572,867. Chegg Inc has a 12-month low of $6.84 and a 12-month high of $17.04. The stock has a market capitalization of $1,820.00, a price-to-earnings ratio of -64.38, a P/E/G ratio of 6.58 and a beta of 1.79.

Chegg (NYSE:CHGG) last issued its earnings results on Monday, October 30th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $62.60 million for the quarter, compared to the consensus estimate of $57.75 million. Chegg had a negative net margin of 10.40% and a negative return on equity of 5.06%. Chegg’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.17) earnings per share. sell-side analysts expect that Chegg Inc will post -0.09 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC raised its position in shares of Chegg by 6.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 226,381 shares of the technology company’s stock valued at $2,782,000 after buying an additional 13,011 shares during the period. Swiss National Bank grew its position in Chegg by 30.9% in the third quarter. Swiss National Bank now owns 150,100 shares of the technology company’s stock worth $2,227,000 after acquiring an additional 35,400 shares during the period. Columbus Circle Investors purchased a new position in Chegg in the third quarter worth approximately $14,234,000. Summit Creek Advisors LLC acquired a new stake in Chegg during the third quarter worth $2,557,000. Finally, 1492 Capital Management LLC acquired a new stake in Chegg during the third quarter worth $453,000.

A number of equities analysts recently weighed in on the stock. Northland Securities restated a “buy” rating and set a $20.00 price target on shares of Chegg in a research report on Tuesday. Barrington Research reiterated an “outperform” rating and issued a $19.00 price objective (up previously from $17.00) on shares of Chegg in a report on Tuesday, October 31st. First Analysis lowered shares of Chegg from an “overweight” rating to an “equal weight” rating and set a $18.00 target price on the stock. in a research note on Tuesday, October 31st. BidaskClub upgraded Chegg from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on Chegg from $15.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $15.58.

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About Chegg

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.

Insider Buying and Selling by Quarter for Chegg (NYSE:CHGG)

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