Chegg Inc Receives a Rating Update from a Top Analyst

By Jason Carr

BMO Capital analyst Jeffrey Silber reiterated a Buy rating on Chegg Inc (NYSE: CHGG) yesterday and set a price target of $26. The company’s shares opened today at $21.01, close to its 52-week high of $23.22.

According to TipRanks.com, Silber is a top 25 analyst with an average return of 22.6% and a 74.6% success rate. Silber covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, AMN Healthcare Services Inc, and American Public Education.

Chegg Inc has an analyst consensus of Strong Buy, with a price target consensus of $21.75.

The company has a one-year high of $23.22 and a one-year low of $8.04. Currently, Chegg Inc has an average volume of 1.36M.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. Last month, Robin Tomasello, the VP, Corp. Contr of CHGG sold 138,949 shares for a total of $3,007,892.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Chegg, Inc. provides student-first connected learning platform, empowering students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades and test scores. The company offers an array of required and non-required scholastic materials including millions of textbooks in any format, access to online homework help and textbook solutions, course organization and scheduling, as well as college and university matching tools and scholarship connections. Chegg was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.