Were Analysts Bullish Chegg, Inc. (NYSE:CHGG) This Week?

Chegg, Inc. (NYSE:CHGG) LogoInvestors sentiment decreased to 0.91 in Q2 2018. Its down 0.18, from 1.09 in 2018Q1. It worsened, as 28 investors sold Chegg, Inc. shares while 66 reduced holdings. 37 funds opened positions while 49 raised stakes. 114.32 million shares or 1.18% less from 115.68 million shares in 2018Q1 were reported.
41,189 are held by Voya Invest Mgmt Ltd Com. Gilder Gagnon Howe & Ltd Liability accumulated 5.84M shares or 1.75% of the stock. Cubist Systematic Strategies Limited Liability Com, a Connecticut-based fund reported 6,288 shares. Selkirk Management Limited Liability accumulated 385,000 shares or 5.51% of the stock. Summit Creek Advsr Ltd Limited Liability Company holds 1.51% in Chegg, Inc. (NYSE:CHGG) or 303,030 shares. 364,279 are owned by Next Century Growth Llc. Act Ii Lp accumulated 10.36% or 524,616 shares. Polar Capital Llp, a United Kingdom-based fund reported 193,796 shares. Driehaus Capital Mngmt Ltd Liability accumulated 0.33% or 347,400 shares. Cambridge Invest Rech Advsrs invested in 0.01% or 46,824 shares. Qs Invsts Llc holds 106 shares or 0% of its portfolio. Hood River Ltd Liability reported 1.01% of its portfolio in Chegg, Inc. (NYSE:CHGG). Proshare Advsr Ltd Limited Liability Company reported 105,219 shares stake. 28,000 were reported by Nomura Asset Communication Limited. Td Asset Mgmt holds 0% of its portfolio in Chegg, Inc. (NYSE:CHGG) for 90,913 shares.

Since June 1, 2018, it had 0 insider buys, and 10 insider sales for $25.15 million activity. The insider BORDERS DAVE JR. sold 15,000 shares worth $416,550. Shares for $727,500 were sold by York John E.. On Thursday, July 12 ROSENSWEIG DANIEL sold $4.34 million worth of Chegg, Inc. (NYSE:CHGG) or 150,000 shares. 40,000 Chegg, Inc. (NYSE:CHGG) shares with value of $1.11M were sold by HOUSENBOLD JEFFREY T.

Chegg, Inc. (NYSE:CHGG) Ratings Coverage

Among 5 analysts covering Chegg (NYSE:CHGG), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Chegg had 6 analyst reports since June 21, 2018 according to SRatingsIntel. Barrington maintained Chegg, Inc. (NYSE:CHGG) on Friday, June 22 with “Buy” rating. The firm has “Hold” rating given on Thursday, June 21 by Jefferies. The rating was maintained by Morgan Stanley on Wednesday, August 1 with “Equal-Weight”. The firm has “Outperform” rating given on Tuesday, October 30 by First Analysis. Citigroup maintained the stock with “Neutral” rating in Tuesday, July 31 report. The rating was maintained by Jefferies on Tuesday, October 30 with “Hold”. Below is a list of Chegg, Inc. (NYSE:CHGG) latest ratings and price target changes.

30/10/2018 Broker: Jefferies Old Rating: Hold New Rating: Hold Old Target: $30 New Target: $28 Maintain
30/10/2018 Broker: First Analysis Old Rating: Neutral New Rating: Outperform New Target: $30 Upgrade
01/08/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $24 New Target: $28 Maintain
31/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $23.5 New Target: $27 Maintain
22/06/2018 Broker: Barrington Rating: Buy New Target: $32.0000 Maintain
21/06/2018 Broker: Jefferies Old Rating: Buy New Rating: Hold Old Target: $14 Downgrade

The stock increased 0.22% or $0.06 during the last trading session, reaching $27.95. About 791,866 shares traded. Chegg, Inc. (NYSE:CHGG) has risen 111.57% since December 2, 2017 and is uptrending. It has outperformed by 95.95% 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 $3.21 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: Globenewswire.com which released: “SHAREHOLDER ALERT: HAS CPB CHGG ADNT COST SFIX GOOG CWH OZK NKTR AQUA RBBN: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines – GlobeNewswire” on November 21, 2018, also Businesswire.com with their article: “Robbins Arroyo LLP: Chegg, Inc. (CHGG) Misled Shareholders According to Class Action – Business Wire” published on November 08, 2018, Globenewswire.com published: “CLASS ACTION UPDATE for ABBV, CHGG and HTHT: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders – GlobeNewswire” on November 14, 2018. More interesting news about Chegg, Inc. (NYSE:CHGG) were released by: Globenewswire.com and their article: “MONDAY DEADLINE: Kaskela Law LLC Announces Class Action Lawsuit Against Chegg, Inc. and Encourages Investors with Losses in Excess of $50,000 to Contact the Firm – CHGG – GlobeNewswire” published on November 25, 2018 as well as Gurufocus.com‘s news article titled: “Rosen Law Firm Reminds Chegg, Inc. Investors of Important November 26 Deadline in the Class Action – CHGG – GuruFocus.com” with publication date: November 16, 2018.

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

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