Are Analysts Bullish Chegg, Inc. (NYSE:CHGG) After Last Week?

Chegg, Inc. (NYSE:CHGG) Logo
Investors sentiment decreased to 0.93 in Q2 2019. Its down 0.38, from 1.31 in 2019Q1. It fall, as 37 investors sold Chegg, Inc. shares while 77 reduced holdings. 34 funds opened positions while 72 raised stakes. 119.73 million shares or 14.25% less from 139.63 million shares in 2019Q1 were reported.
Los Angeles Cap Management & Equity Research reported 27,465 shares or 0.01% of all its holdings. Product Partners Limited Com holds 139,639 shares or 0.32% of its portfolio. Northern Trust owns 1.52 million shares. River And Mercantile Asset Llp holds 0.45% in Chegg, Inc. (NYSE:CHGG) or 85,579 shares. Invesco Limited reported 410,701 shares. Csat Inv Advisory Lp holds 0% or 183 shares. Manufacturers Life Insur Com The accumulated 77,018 shares. Pennsylvania-based Penn Cap Mgmt has invested 0.82% in Chegg, Inc. (NYSE:CHGG). Ubs Asset Mgmt Americas Incorporated holds 0% or 697,399 shares. Seatown Holdings Pte Limited reported 49,157 shares stake. State Street accumulated 0.01% or 2.29M shares. Verition Fund Management Ltd Liability Com holds 0.01% of its portfolio in Chegg, Inc. (NYSE:CHGG) for 9,383 shares. 1.75 million were accumulated by Brown Advisory. Advisory holds 0.09% or 123,623 shares in its portfolio. 106 are held by Parkside National Bank & Trust & Trust.

Chegg, Inc. (NYSE:CHGG) Ratings Coverage

Among 2 analysts covering Chegg (NYSE:CHGG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Chegg has $4400 highest and $3500 lowest target. $38.67’s average target is 20.35% above currents $32.13 stock price. Chegg had 6 analyst reports since April 30, 2019 according to SRatingsIntel. The firm has “Buy” rating given on Monday, September 9 by Jefferies. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, October 4. Below is a list of Chegg, Inc. (NYSE:CHGG) latest ratings and price target changes.

08/10/2019 Broker: BidaskScore Rating: Sell Upgrade
04/10/2019 Broker: BMO Capital Markets Rating: Outperform Old Target: $49.0000 New Target: $35.0000 Maintain
09/09/2019 Broker: Jefferies Old Rating: Hold New Rating: Buy Old Target: $46.0000 New Target: $44.0000 Upgrade
06/06/2019 Broker: Inc. Common Stock Rating: Needham 44.0000
18/05/2019 Broker: BidaskScore Rating: Buy Upgrade
30/04/2019 Broker: Inc. Common Stock Rating: Morgan Stanley New Target: $37.0000 40.0000

The stock increased 2.03% or $0.64 during the last trading session, reaching $32.13. About 1.32 million shares traded. Chegg, Inc. (NYSE:CHGG) has risen 76.36% since October 12, 2018 and is uptrending. It has outperformed by 76.36% the S&P500.

Chegg, Inc. operates student-first connected learning platform that help students transition from high school to college to career. The company has market cap of $3.84 billion. The companyÂ’s services and products help students to study for college admission exams, find the right college to accomplish their goals, get better grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. It currently has negative earnings. It offers print textbook and eTextbook library for rent and sale; and provides eTextbooks, supplemental materials, Chegg Study service, tutoring service, writing tools, textbook buyback, test preparation service, internships, and college admissions and scholarship services, as well as enrollment marketing and brand advertising services.

More notable recent Chegg, Inc. (NYSE:CHGG) news were published by: Finance.Yahoo.com which released: “Why National Oilwell Varco, Trex, and Chegg Jumped Today – Yahoo Finance” on July 30, 2019, also Benzinga.com with their article: “5 Stocks Moving In Monday’s After-Hours Session – Benzinga” published on July 29, 2019, Finance.Yahoo.com published: “Why Chegg Stock Popped 16.4% in July – Yahoo Finance” on August 08, 2019. More interesting news about Chegg, Inc. (NYSE:CHGG) were released by: Finance.Yahoo.com and their article: “These 4 Measures Indicate That Chegg (NYSE:CHGG) Is Using Debt Reasonably Well – Yahoo Finance” published on September 25, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why Chegg, Inc. (NYSE:CHGG) Could Be Worth Watching – Yahoo Finance” with publication date: July 04, 2019.

Chegg, Inc. (NYSE:CHGG) Institutional Positions Chart

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