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 $9.78.
Fuhrman covers the Consumer Cyclical sector, focusing on stocks such as WW International, 1-800 Flowers, and The Lovesac Company. According to TipRanks, Fuhrman has an average return of -4.7% and a 40.31% success rate on recommended stocks.
Chegg has an analyst consensus of Hold, with a price target consensus of $9.00.
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CHGG market cap is currently $1.18B and has a P/E ratio of -42.78.
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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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