Press coverage about Chegg (NYSE:CHGG) has trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chegg earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 43.7985836094841 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Chegg (NYSE:CHGG) traded down $0.19 during mid-day trading on Thursday, reaching $16.24. 237,786 shares of the company’s stock were exchanged, compared to its average volume of 650,420. Chegg has a 52 week low of $7.00 and a 52 week high of $17.42. The stock has a market capitalization of $1,763.26, a price-to-earnings ratio of -62.69, a PEG ratio of 6.38 and a beta of 1.74.

Chegg (NYSE:CHGG) last posted its quarterly earnings data on Monday, October 30th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Chegg had a negative net margin of 10.40% and a negative return on equity of 5.06%. The company had revenue of $62.60 million during the quarter, compared to analyst estimates of $57.75 million. During the same period in the prior year, the firm earned ($0.17) earnings per share. The business’s quarterly revenue was down 12.2% on a year-over-year basis. analysts anticipate that Chegg will post -0.09 earnings per share for the current fiscal year.

A number of research firms recently weighed in on CHGG. BMO Capital Markets reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Chegg in a report on Wednesday, January 17th. Northland Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Chegg in a report on Tuesday, January 9th. Citigroup began coverage on shares of Chegg in a report on Monday, November 20th. They issued a “buy” rating and a $19.00 price objective on the stock. BidaskClub cut shares of Chegg from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Zacks Investment Research raised shares of Chegg from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $16.45.

In other news, insider Michael A. Osier sold 200,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $15.25, for a total value of $3,050,000.00. Following the completion of the sale, the insider now directly owns 653,061 shares of the company’s stock, valued at $9,959,180.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Esther Lem sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $17.16, for a total transaction of $686,400.00. Following the completion of the sale, the insider now directly owns 465,120 shares of the company’s stock, valued at $7,981,459.20. The disclosure for this sale can be found here. Insiders have sold 659,323 shares of company stock valued at $10,527,385 over the last ninety days. Insiders own 20.40% of the company’s stock.

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About Chegg

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.

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

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