Currently, there are 126.47M common shares owned by the public and among those 111.78M shares have been available to trade.
Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 791,053 shares. Insider sales of the common stock occurred on 55 occasions, with total insider shares sold totaling 182,539 shares.
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However, the script later moved the day high at 9.54, down -2.82%. The company’s stock has a 5-day price change of -8.46% and 16.40% over the past three months. CHGG shares are trading -18.13% year to date (YTD), with the 12-month market performance down to -55.48% lower. It has a 12-month low price of $7.32 and touched a high of $22.02 over the same period. CHGG has an average intraday trading volume of 2.49 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.97%, -11.88%, and -7.78% respectively.
Institutional ownership of Chegg Inc (NYSE: CHGG) shares accounts for 84.14% of the company’s 126.47M shares outstanding.
It has a market capitalization of $1.08B and a beta (3y monthly) value of 1.31. The earnings-per-share (ttm) stands at -$0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.10% over the week and 4.38% over the month.
Analysts forecast that Chegg Inc (CHGG) will achieve an EPS of $0.36 for the current quarter, $0.3 for the next quarter and $1.15 for 2024. The lowest estimate earnings-per-share for the quarter is $0.29 while analysts give the company a high EPS estimate of $0.44. Comparatively, EPS for the current quarter was $0.4 a year ago. Earnings per share for the fiscal year are expected to increase by 9.25%, and 5.43% over the next financial year.
Looking at the support for the CHGG, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on January 19, 2024, with the firm’s price target at $10-$8.
