Media coverage about Chegg (NYSE:CHGG) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chegg earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 43.7166784862565 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
Several equities research analysts recently issued reports on CHGG shares. Citigroup started coverage on Chegg in a research report on Monday, November 20th. They set a “buy” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. increased their target price on Chegg from $15.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Northland Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of Chegg in a research report on Tuesday, January 9th. Barrington Research reaffirmed 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. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $20.00 target price on shares of Chegg in a research report on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Chegg has a consensus rating of “Buy” and an average target price of $16.45.
Chegg (NYSE CHGG) opened at $16.36 on Tuesday. Chegg has a 52 week low of $7.21 and a 52 week high of $17.42. The firm has a market capitalization of $1,727.48, a PE ratio of -62.92, a P/E/G ratio of 6.25 and a beta of 1.74.
Chegg (NYSE:CHGG) last announced its earnings results on Monday, February 12th. The technology company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Chegg had a negative return on equity of 5.06% and a negative net margin of 10.40%. The business had revenue of $73.51 million during the quarter, compared to analysts’ expectations of $70.61 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. sell-side analysts predict that Chegg will post -0.09 earnings per share for the current fiscal year.
In other news, insider Esther Lem sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $14.36, for a total transaction of $143,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel Rosensweig sold 199,611 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $16.00, for a total value of $3,193,776.00. Following the sale, the chief executive officer now directly owns 2,207,689 shares of the company’s stock, valued at $35,323,024. The disclosure for this sale can be found here. Insiders have sold 659,323 shares of company stock valued at $10,527,385 in the last ninety days. Company insiders own 20.40% of the company’s stock.
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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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