Media stories about Chegg (NYSE:CHGG) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chegg earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.0345801097036 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Chegg, Inc. breached its 50 day moving average in a Bearish Manner : CHGG-US : November 2, 2017 (finance.yahoo.com)
- Volatile Stock to Watch: Chegg Inc (NYSE: CHGG) – Alpha Beta Stock (alphabetastock.com)
- Vote to have Steve Aoki Perform at Your School (finance.yahoo.com)
- ETFs with exposure to Chegg, Inc. : November 1, 2017 (finance.yahoo.com)
- Hot Stock under Review: Chegg Inc (NYSE: CHGG) – Alpha Beta Stock (alphabetastock.com)
Chegg (CHGG) traded up $0.13 during midday trading on Friday, reaching $14.74. The company had a trading volume of 1,065,697 shares, compared to its average volume of 1,040,000. Chegg has a 1-year low of $6.55 and a 1-year high of $16.50.
Chegg (NYSE:CHGG) last posted its quarterly earnings data on Monday, October 30th. The technology company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $62.60 million during the quarter, compared to the consensus estimate of $57.75 million. Chegg had a negative return on equity of 5.06% and a negative net margin of 10.40%. Chegg’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.17) earnings per share. equities analysts anticipate that Chegg will post -0.11 EPS for the current fiscal year.
Several brokerages have recently issued reports on CHGG. First Analysis downgraded shares of Chegg from an “overweight” rating to an “equal weight” rating and set a $18.00 price target for the company. in a report on Tuesday. BidaskClub upgraded shares of Chegg from a “hold” rating to a “buy” rating in a report on Tuesday. Barrington Research reiterated an “outperform” rating and set a $19.00 price target (up from $17.00) on shares of Chegg in a report on Tuesday. Northland Securities reiterated a “buy” rating and set a $18.00 price target on shares of Chegg in a report on Wednesday. Finally, J P Morgan Chase & Co increased their price objective on Chegg from $15.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $15.09.
In other Chegg news, insider Charles Geiger sold 70,300 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $13.84, for a total transaction of $972,952.00. Following the sale, the insider now owns 543,468 shares of the company’s stock, valued at $7,521,597.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Dave Jr. Borders sold 13,256 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $15.06, for a total transaction of $199,635.36. Following the sale, the general counsel now directly owns 443,810 shares in the company, valued at approximately $6,683,778.60. The disclosure for this sale can be found here. Insiders have sold 240,526 shares of company stock worth $3,515,359 in the last ninety days. Insiders own 20.40% of the company’s stock.
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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