In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Chegg Inc (NYSE: CHGG), with a price target of $32. The company’s shares opened today at $28.21, close to its 52-week high of $29.76.
According to TipRanks.com, Paris is a 4-star analyst with an average return of 14.1% and a 65.1% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Capella Education Company.
Currently, the analyst consensus on Chegg Inc is Moderate Buy and the average price target is $26.57, representing a -5.8% downside.
In a report issued on June 12, Northland Securities also maintained a Buy rating on the stock with a $30 price target.
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The company has a one-year high of $29.76 and a one-year low of $11.93. Currently, Chegg Inc has an average volume of 1.48M.
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Jeffrey Housenbold, a Director at CHGG sold 40,000 shares for a total of $1,114,400.
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. 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.
