Chegg (CHGG) Earns Media Sentiment Score of 0.21
News headlines about Chegg (NYSE:CHGG) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chegg earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.7738963653648 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- ETFs with exposure to Chegg, Inc. : November 24, 2017 (finance.yahoo.com)
- Financial Analysis: Aspen Group (ASPU) versus Chegg (CHGG) (americanbankingnews.com)
- What Does Technical Indicators say About Chegg, Inc. (NYSE:CHGG)? – The Oracle Examiner (oracleexaminer.com)
- $70.49 Million in Sales Expected for Chegg, Inc. (CHGG) This Quarter (americanbankingnews.com)
- Citigroup Inc. Initiates Coverage on Chegg, Inc. (CHGG) (americanbankingnews.com)
CHGG has been the topic of several analyst reports. BidaskClub downgraded shares of Chegg from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Northland Securities reiterated a “buy” rating and issued a $16.00 target price on shares of Chegg in a research note on Tuesday, August 29th. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 target price on shares of Chegg in a research note on Thursday, September 7th. Zacks Investment Research downgraded shares of Chegg from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, First Analysis downgraded 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. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.42.
Chegg (NYSE:CHGG) opened at $14.91 on Monday. Chegg has a 52-week low of $6.84 and a 52-week high of $16.50.
Chegg (NYSE:CHGG) last issued its quarterly earnings data on Monday, October 30th. The technology company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate 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%. The firm’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 firm earned ($0.17) earnings per share. analysts forecast that Chegg will post -0.09 earnings per share for the current year.
In other Chegg news, CEO Daniel Rosensweig sold 200,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $14.03, for a total value of $2,806,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles Geiger sold 50,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $14.53, for a total transaction of $726,500.00. Following the completion of the transaction, the insider now owns 561,500 shares in the company, valued at $8,158,595. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 505,454 shares of company stock worth $7,245,651. 20.40% of the stock is owned by insiders.
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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