Chegg Inc (NYSE:CHGG) insider Michael A. Osier sold 4,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $44.98, for a total value of $179,920.00. Following the completion of the transaction, the insider now owns 526,593 shares of the company’s stock, valued at approximately $23,686,153.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of CHGG traded down $0.93 during trading hours on Wednesday, hitting $43.79. 1,491,471 shares of the company were exchanged, compared to its average volume of 1,805,196. Chegg Inc has a 52 week low of $22.67 and a 52 week high of $45.19. The company has a debt-to-equity ratio of 1.84, a quick ratio of 13.96 and a current ratio of 13.96. The company has a market capitalization of $5.27 billion, a P/E ratio of 486.56, a PEG ratio of 7.89 and a beta of 1.01. The company’s 50 day simple moving average is $39.68.

Chegg (NYSE:CHGG) last posted its quarterly earnings results on Monday, April 29th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.09). The firm had revenue of $97.40 million during the quarter, compared to analyst estimates of $94.69 million. Chegg had a negative net margin of 4.86% and a positive return on equity of 4.73%. The company’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. On average, equities analysts expect that Chegg Inc will post 0.19 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. We Are One Seven LLC lifted its stake in shares of Chegg by 7.4% in the 2nd quarter. We Are One Seven LLC now owns 6,089 shares of the technology company’s stock valued at $234,000 after purchasing an additional 421 shares during the period. Parkwood LLC grew its holdings in shares of Chegg by 6.6% in the 1st quarter. Parkwood LLC now owns 16,390 shares of the technology company’s stock valued at $625,000 after acquiring an additional 1,020 shares in the last quarter. Stephens Inc. AR grew its holdings in Chegg by 1,027.2% during the first quarter. Stephens Inc. AR now owns 1,781 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,623 shares during the period. NEXT Financial Group Inc grew its holdings in Chegg by 1,834.0% during the second quarter. NEXT Financial Group Inc now owns 1,934 shares of the technology company’s stock worth $75,000 after purchasing an additional 1,834 shares during the period. Finally, Icon Wealth Partners LLC bought a new position in Chegg during the first quarter worth about $71,000.

A number of analysts recently commented on CHGG shares. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Needham & Company LLC reissued a “hold” rating on shares of GrubHub in a research note on Wednesday, June 5th. Barrington Research set a $37.00 price objective on Lawson Products and gave the stock a “buy” rating in a report on Wednesday, April 17th. Craig Hallum reiterated a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Chegg in a report on Tuesday, April 30th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a GBX 250 ($3.27) target price on shares of BT Group in a report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.36.

About Chegg

Chegg, Inc operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. The company offers Chegg Services, which include digital products and services; and required materials that comprise its print textbooks and eTextbooks.

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

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