Stock analysts at Raymond James started coverage on shares of Chegg (NASDAQ:CHGG) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
In other Chegg news, Director Barry Mccarthy bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average price of $8.29 per share, for a total transaction of $82,900.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Piper Jaffray initiated coverage on shares of Chegg in a research note to investors on Monday. They set an “overweight” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Chegg in a research note to investors on Monday. They set a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Chegg in a research note to investors on Monday. They set an “overweight” rating and a $13.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.00.
Shares of Chegg (NASDAQ:CHGG) opened at 9.57 on Monday. Chegg has a 1-year low of $7.34 and a 1-year high of $11.25. The stock’s 50-day moving average is $8. and its 200-day moving average is $8.. The company’s market cap is $125.3 million.
Chegg, Inc (NASDAQ:CHGG) is the student-first connected learning platform, empowering students to take control of their education to save time, save money and get smarter.
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