BMO Capital Reaffirms Their Buy Rating on Chegg Inc


BMO Capital analyst Jeffrey Silber reiterated a Buy rating on Chegg Inc (NYSE: CHGG) on July 8 and set a price target of $32. The company’s shares closed yesterday at $28.85, close to its 52-week high of $29.76.

According to TipRanks.com, Silber is a top 25 analyst with an average return of 23.7% and a 79.9% success rate. Silber covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, AMN Healthcare Services Inc, and American Public Education.

Currently, the analyst consensus on Chegg Inc is a Moderate Buy with an average price target of $25.83, a -10.5% downside from current levels. In a report issued on July 9, Barrington also maintained a Buy rating on the stock.

.

See today’s analyst top recommended stocks >>

Based on Chegg Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.62 million. In comparison, last year the company had a GAAP net loss of $6.03 million.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. Last 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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts