Chegg (CHGG) Earns Daily News Impact Rating of 0.25
Media coverage about Chegg (NYSE:CHGG) has been trending positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 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 coverage optimism score of 0.25 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.5179203431725 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Why You should Invest In Chegg, Inc. (NYSE:CHGG) – The Oracle Examiner (oracleexaminer.com)
- Insider Selling: Chegg, Inc. (CHGG) Insider Sells 114,928 Shares of Stock (americanbankingnews.com)
- Chegg, Inc. (CHGG) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Chegg, Inc. (CHGG) Upgraded at Zacks Investment Research (americanbankingnews.com)
A number of equities research analysts have recently issued reports on CHGG shares. Northland Securities restated a “buy” rating and set a $16.00 price target on shares of Chegg in a report on Tuesday, August 29th. Zacks Investment Research lowered shares of Chegg from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Jefferies Group LLC restated a “buy” rating and set a $17.00 price target on shares of Chegg in a report on Thursday, September 7th. Barrington Research restated an “outperform” rating and set a $19.00 price target (up previously from $17.00) on shares of Chegg in a report on Tuesday, October 31st. Finally, BidaskClub lowered shares of Chegg from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Chegg currently has a consensus rating of “Buy” and a consensus price target of $15.09.
Chegg (NYSE CHGG) traded up $0.10 during trading on Friday, reaching $14.09. 620,038 shares of the company’s stock traded hands, compared to its average volume of 1,001,145. Chegg has a 1 year low of $6.84 and a 1 year high of $16.50.
Chegg (NYSE:CHGG) last released its quarterly earnings data on Monday, October 30th. The technology company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $62.60 million for the quarter, compared to analyst estimates of $57.75 million. Chegg had a negative net margin of 10.40% and a negative return on equity of 5.06%. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.17) EPS. equities research analysts expect that Chegg will post -0.1 earnings per share for the current year.
In other news, General Counsel Dave Jr. Borders sold 13,256 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $15.06, for a total transaction of $199,635.36. Following the transaction, the general counsel now owns 443,810 shares in the company, valued at approximately $6,683,778.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charles Geiger sold 70,300 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $13.84, for a total transaction of $972,952.00. Following the transaction, the insider now owns 543,468 shares in the company, valued at approximately $7,521,597.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 355,454 shares of company stock worth $5,203,651. Company insiders own 20.40% of the company’s stock.
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Chegg Company Profile
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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