Chegg Inc (CHGG) Insider Sells $82,846.00 in Stock
Chegg Inc (NYSE:CHGG) insider Nathan J. Schultz sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $36.02, for a total value of $82,846.00. Following the completion of the sale, the insider now directly owns 505,604 shares of the company’s stock, valued at approximately $18,211,856.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of CHGG stock opened at $34.40 on Friday. The company has a quick ratio of 6.56, a current ratio of 6.56 and a debt-to-equity ratio of 0.72. Chegg Inc has a fifty-two week low of $15.47 and a fifty-two week high of $36.05. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 688.00, a P/E/G ratio of 7.77 and a beta of 1.21.
Several analysts have issued reports on the company. Zacks Investment Research raised Chegg from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Thursday, November 8th. First Analysis raised Chegg from a “neutral” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Tuesday, October 30th. Citigroup lowered Chegg from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Friday. Barrington Research reiterated a “buy” rating and issued a $32.00 price objective on shares of Chegg in a research report on Monday, October 22nd. Finally, Jefferies Financial Group lowered their price objective on Chegg from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday, October 30th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Chegg has a consensus rating of “Buy” and an average price target of $28.56.
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Chegg Company Profile
Chegg, Inc operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. The company offers Chegg Services, which include digital products and services; and required materials that comprise its print textbooks and eTextbooks.
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