In a report released today, Alex Fuhrman from Craig-Hallum maintained a Buy rating on Chegg (CHGG – Research Report). The company’s shares closed yesterday at $8.89.
Fuhrman covers the Consumer Cyclical sector, focusing on stocks such as WW International, 1-800 Flowers, and Lindblad Expeditions Holdings. According to TipRanks, Fuhrman has an average return of -14.0% and a 28.75% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Chegg with a $10.64 average price target.
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Based on Chegg’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $157.85 million and a GAAP net loss of $18.28 million. In comparison, last year the company earned a revenue of $164.74 million and had a net profit of $251.56 million
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Chegg (CHGG) Company Description:
Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.
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