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Yesterday, a Director at Chegg Inc, Jeffrey Housenbold, exercised options of Chegg Inc (NYSE: CHGG) for $1.11M.
Following Jeffrey Housenbold’s last CHGG Sell transaction on March 08, 2018, the stock climbed by 5.2%. In addition to Jeffrey Housenbold, 2 other CHGG executives reported Sell trades in the last month.
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Based on Chegg Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $76.95 million and GAAP net loss of $2.62 million. In comparison, last year the company earned revenue of $62.6 million and had a GAAP net loss of $6.4 million. Currently, Chegg Inc has an average volume of 1.65M. The Company has a Price to Book ratio of 8.5321.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $23.80, reflecting a 17.6% upside.
The insider sentiment on Chegg Inc has been negative according to 93 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Chegg, Inc. operates learning platform for students. It provides student 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.
