Chegg (CHGG) Earns Media Impact Rating of 0.14
Media stories about Chegg (NYSE:CHGG) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Chegg earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.6181609535962 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Chegg, Inc. (CHGG) Stock Price trades 57.51% off from 200- SMA … – Voice Of Analysts (analystsbuzz.com)
- Stock to Keep Your Eyes on: Chegg Inc (CHGG) – Post Registrar (postregistrar.com)
- Edited Transcript of CHGG earnings conference call or presentation 25-Jul-17 8:30pm GMT (finance.yahoo.com)
- Jensen Investment Management Inc Sold A Little More Microsoft Corporation (MSFT) Stock (badhub.net)
- United Continental Holdings, Inc. (UAL) and Chegg, Inc. (CHGG) in Major News – Investing News Update (investingbizz.com)
Shares of Chegg (NYSE:CHGG) traded up 1.49% during midday trading on Friday, reaching $15.03. 1,806,272 shares of the company traded hands. Chegg has a 1-year low of $6.51 and a 1-year high of $15.95. The company has a 50 day moving average price of $13.65 and a 200 day moving average price of $10.44. The company’s market capitalization is $1.44 billion.
Chegg (NYSE:CHGG) last released its earnings results on Tuesday, July 25th. The technology company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.08. The company had revenue of $56.30 million for the quarter, compared to analysts’ expectations of $53.33 million. Chegg had a negative return on equity of 8.10% and a negative net margin of 11.83%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. On average, analysts expect that Chegg will post $0.24 earnings per share for the current year.
CHGG has been the topic of a number of recent analyst reports. UBS AG upgraded shares of Chegg from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. Raymond James Financial, Inc. upgraded shares of Chegg from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Tuesday, May 2nd. Lake Street Capital restated a “buy” rating and issued a $12.00 target price (up previously from $9.00) on shares of Chegg in a report on Tuesday, May 2nd. Jefferies Group LLC raised their target price on shares of Chegg from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $12.00 target price (up previously from $10.00) on shares of Chegg in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $13.32.
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In other Chegg news, insider Charles Geiger sold 81,968 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $13.55, for a total transaction of $1,110,666.40. Following the sale, the insider now owns 568,468 shares of the company’s stock, valued at approximately $7,702,741.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew J. Brown sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $12.50, for a total transaction of $1,250,000.00. Following the sale, the insider now directly owns 678,760 shares in the company, valued at approximately $8,484,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 522,244 shares of company stock worth $6,828,478. 20.40% of the stock is owned by insiders.
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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