How Many Chegg, Inc. (NYSE:CHGG)’s Analysts Are Bearish?

Chegg, Inc. (NYSE:CHGG) Logo
Investors sentiment decreased to 0.93 in 2019 Q2. Its down 0.38, from 1.31 in 2019Q1. It dropped, as 37 investors sold Chegg, Inc. shares while 77 reduced holdings. 34 funds opened positions while 72 raised stakes. 119.73 million shares or 14.25% less from 139.63 million shares in 2019Q1 were reported.
Next Century Growth Invsts Ltd Liability Co accumulated 341,067 shares. Hightower Advsr Lc accumulated 0% or 5,236 shares. Act Ii Management Ltd Partnership has invested 10.76% of its portfolio in Chegg, Inc. (NYSE:CHGG). Manufacturers Life Com The reported 77,018 shares or 0% of all its holdings. Mirae Asset Company Ltd owns 6,423 shares. Cortina Asset Management Ltd Llc reported 164,551 shares. Fmr Limited Liability Company reported 93,621 shares stake. The Illinois-based Advisory Research Inc has invested 0.09% in Chegg, Inc. (NYSE:CHGG). Bessemer Gru Inc stated it has 4,083 shares. Fund holds 0% in Chegg, Inc. (NYSE:CHGG) or 14,092 shares. Ranger Inv Mgmt Ltd Partnership holds 1.14% of its portfolio in Chegg, Inc. (NYSE:CHGG) for 431,841 shares. Gilder Gagnon Howe & Ltd Limited Liability Company accumulated 4.62M shares or 1.8% of the stock. Jane Street Gru Limited Liability Co stated it has 10,094 shares. Parkwood Ltd Liability Corporation invested in 15,495 shares or 0.13% of the stock. Int Grp has 0.01% invested in Chegg, Inc. (NYSE:CHGG) for 73,788 shares.

Chegg, Inc. (NYSE:CHGG) Ratings Coverage

Among 2 analysts covering Chegg (NYSE:CHGG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Chegg has $4400 highest and $3500 lowest target. $38.67’s average target is 20.35% above currents $32.13 stock price. Chegg had 6 analyst reports since April 30, 2019 according to SRatingsIntel. Jefferies upgraded the stock to “Buy” rating in Monday, September 9 report. The rating was maintained by BMO Capital Markets on Friday, October 4 with “Outperform”. Below is a list of Chegg, Inc. (NYSE:CHGG) latest ratings and price target changes.

08/10/2019 Broker: BidaskScore Rating: Sell Upgrade
04/10/2019 Broker: BMO Capital Markets Rating: Outperform Old Target: $49.0000 New Target: $35.0000 Maintain
09/09/2019 Broker: Jefferies Old Rating: Hold New Rating: Buy Old Target: $46.0000 New Target: $44.0000 Upgrade
06/06/2019 Broker: Inc. Common Stock Rating: Needham 44.0000
18/05/2019 Broker: BidaskScore Rating: Buy Upgrade
30/04/2019 Broker: Inc. Common Stock Rating: Morgan Stanley New Target: $37.0000 40.0000

The stock increased 2.03% or $0.64 during the last trading session, reaching $32.13. About 1.32M shares traded. Chegg, Inc. (NYSE:CHGG) has risen 76.36% since October 12, 2018 and is uptrending. It has outperformed by 76.36% the S&P500.

Chegg, Inc. operates student-first connected learning platform that help students transition from high school to college to career. The company has market cap of $3.84 billion. The companyÂ’s services and products help students to study for college admission exams, find the right college to accomplish their goals, get better grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. It currently has negative earnings. It offers print textbook and eTextbook library for rent and sale; and provides eTextbooks, supplemental materials, Chegg Study service, tutoring service, writing tools, textbook buyback, test preparation service, internships, and college admissions and scholarship services, as well as enrollment marketing and brand advertising services.

More notable recent Chegg, Inc. (NYSE:CHGG) news were published by: Fool.com which released: “Chegg (CHGG) Q1 2019 Earnings Call Transcript – Motley Fool” on April 30, 2019, also Seekingalpha.com with their article: “Chegg Is A Long Term Winner Worth Buying On Weakness – Seeking Alpha” published on June 03, 2019, Seekingalpha.com published: “Chegg, Inc. 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” on July 30, 2019. More interesting news about Chegg, Inc. (NYSE:CHGG) were released by: Seekingalpha.com and their article: “Chegg: Gathering Steam, But Overvalued – Seeking Alpha” published on November 01, 2018 as well as Finance.Yahoo.com‘s news article titled: “Why Chegg Stock Popped 16.4% in July – Yahoo Finance” with publication date: August 08, 2019.

Chegg, Inc. (NYSE:CHGG) Institutional Positions Chart

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