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

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Investors sentiment decreased to 0.93 in 2019 Q2. Its down 0.38, from 1.31 in 2019Q1. It dived, 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.
Timessquare Management Lc has invested 0.62% in Chegg, Inc. (NYSE:CHGG). Castleark Mgmt Limited has 0.36% invested in Chegg, Inc. (NYSE:CHGG). Morgan Stanley reported 2.38 million shares. The Tennessee-based Ftb Advsr has invested 0% in Chegg, Inc. (NYSE:CHGG). Millennium Tvp Mgmt Ltd accumulated 778,116 shares. Emerald Mutual Fund Advisers Tru has invested 2.61% in Chegg, Inc. (NYSE:CHGG). Aqr Cap Limited Liability Com stated it has 0% of its portfolio in Chegg, Inc. (NYSE:CHGG). Daiwa Secs Group has invested 0% in Chegg, Inc. (NYSE:CHGG). New York State Common Retirement Fund has 761,954 shares. Sg Americas Llc reported 0% in Chegg, Inc. (NYSE:CHGG). Bessemer Gp has invested 0% in Chegg, Inc. (NYSE:CHGG). Nicholas Inv Partners L P holds 417,488 shares or 1.48% of its portfolio. Quantbot Tech Limited Partnership holds 0.19% or 50,190 shares. Swiss Bankshares reported 194,100 shares stake. California Pub Employees Retirement Sys reported 138,098 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. On Friday, October 4 the stock rating was maintained by BMO Capital Markets with “Outperform”. The firm earned “Buy” rating on Monday, September 9 by Jefferies. 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: Seekingalpha.com which released: “Chegg: Gathering Steam, But Overvalued – Seeking Alpha” on November 01, 2018, also Finance.Yahoo.com with their article: “Did Hedge Funds Drop The Ball On Chegg Inc (CHGG) ? – Yahoo Finance” published on April 26, 2019, Finance.Yahoo.com published: “Why Chegg, Inc. (NYSE:CHGG) Could Be Worth Watching – Yahoo Finance” on July 04, 2019. More interesting news about Chegg, Inc. (NYSE:CHGG) were released by: Fool.com and their article: “Why Chegg Should Be on Your Radar – Motley Fool” published on February 14, 2019 as well as Benzinga.com‘s news article titled: “5 Stocks Moving In Monday’s After-Hours Session – Benzinga” with publication date: July 29, 2019.

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

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