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

Shares of Chegg, Inc. (NYSE:CHGG) have been given an average rating of “Reduce” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $1.1250.

CHGG has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Chegg from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Chegg in a research note on Monday.

Institutional Trading of Chegg

Several large investors have recently made changes to their positions in the business. Ground Swell Capital LLC acquired a new stake in shares of Chegg in the second quarter valued at $27,000. Quantbot Technologies LP bought a new stake in Chegg during the 1st quarter worth about $28,000. Jump Financial LLC acquired a new stake in Chegg in the 2nd quarter valued at about $31,000. Qube Research & Technologies Ltd acquired a new stake in Chegg in the 3rd quarter valued at about $32,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of Chegg in the second quarter worth about $36,000. Institutional investors own 95.18% of the company’s stock.

Chegg Stock Performance

CHGG opened at $0.99 on Monday. The firm’s 50-day simple moving average is $0.97 and its 200-day simple moving average is $1.25. Chegg has a twelve month low of $0.44 and a twelve month high of $1.90. The firm has a market cap of $107.74 million, a price-to-earnings ratio of -1.37 and a beta of 1.95.

About Chegg

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.