Chegg, Inc. (NYSE:CHGG) Receives Average Recommendation of “Reduce” from Analysts

Chegg, Inc. (NYSE:CHGG) has received a consensus recommendation of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $1.1250.

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Chegg in a research note on Monday, December 22nd. Zacks Research upgraded Chegg from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th.

Institutional Trading of Chegg

Several institutional investors have recently modified their holdings of CHGG. Ground Swell Capital LLC acquired a new position in shares of Chegg in the 2nd quarter worth approximately $27,000. Quantbot Technologies LP acquired a new position in shares of Chegg in the first quarter worth $28,000. Jump Financial LLC bought a new stake in Chegg in the second quarter worth approximately $31,000. Qube Research & Technologies Ltd bought a new stake in Chegg in the third quarter worth $32,000. Finally, Hudson Bay Capital Management LP acquired a new position in Chegg during the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

Chegg Stock Performance

Shares of NYSE:CHGG opened at $1.00 on Monday. The business’s fifty day moving average price is $1.02 and its two-hundred day moving average price is $1.26. Chegg has a one year low of $0.44 and a one year high of $1.90. The stock has a market cap of $108.83 million, a PE ratio of -1.38 and a beta of 1.99.

Chegg Company Profile

Chegg, Inc (NYSE: CHGG) is a leading education technology company headquartered in Santa Clara, California. Originally founded in 2005, Chegg has evolved from a textbook rental service into a comprehensive digital learning platform. Its suite of subscription-based offerings addresses a wide range of academic needs, catering primarily to high school and college students seeking homework help, study resources, and career guidance.

The company’s core services include Chegg Study, which provides step-by-step solutions and expert Q&A support; Chegg Writing, offering plagiarism checks and guided writing assistance; and Chegg Math Solver, a tool for solving mathematical problems with detailed explanations.