Chegg (CHGG) : Analyst Rating Update

Chegg (CHGG) : 7 analysts are covering Chegg (CHGG) and their average rating on the stock is 1.29, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Chegg (CHGG) : The most positive equity analysts on Chegg (CHGG) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $6 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $9 with an expected fluctuation of $2.37 from the mean.

Chegg (NYSE:CHGG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.89 and $4.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.92, notching a gain of 0.41% for the day. The total traded volume was 175,778 . The stock had closed at $4.90 on the previous day.

The company shares have dropped -36.28% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $8.84 and the one year low was seen on Feb 23, 2016. The 50-Day Moving Average price is $4.83 and the 200 Day Moving Average price is recorded at $4.98.

Chegg, Inc. is a student-first connected learning platform. The Company offer textbooks and from digital offerings. Digital offerings primarily include Student Hub, the Companys connected learning platform, its Web-based, multiplatform eTextbook Reader, eTextbooks and supplemental materials from approximately 120 publishers, online tutoring, its Chegg Study service, College Admissions, Scholarship Services, and internship services. The Company sources print textbooks, eTextbooks and supplemental materials publishers in the United States, including Pearson, Cengage Learning, McGraw Hill, Wiley and MacMillan. In addition, the Company also offers enrollment marketing services to colleges. The Company also works with brands, such as Adobe, Dell, Microsoft, PayPal, Proctor & Gamble, Red Bull and Shutterfly, to provide students with discounts, promotions and other products that, based on student feedback.

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