Currently, there are 102.82M common shares owned by the public and among those 99.24M 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 8.81, down -1.59%. The company’s stock has a 5-day price change of -0.46% and 2.96% over the past three months. CHGG shares are trading -23.50% year to date (YTD), with the 12-month market performance down to -48.73% lower. It has a 12-month low price of $7.32 and touched a high of $18.77 over the same period. CHGG has an average intraday trading volume of 1.80 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.40%, -16.34%, and -11.33% respectively.
Institutional ownership of Chegg Inc (NYSE: CHGG) shares accounts for 96.26% of the company’s 102.82M shares outstanding.
It has a market capitalization of $893.51M and a beta (3y monthly) value of 1.29. The earnings-per-share (ttm) stands at -$0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.95% over the week and 4.88% over the month.
Earnings per share for the fiscal year are expected to increase by 2.20%, and 2.08% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to -20.92% over the past 5-year period.
Looking at the support for the CHGG, a number of firms have released research notes about the stock. Piper Sandler stated their Underweight rating for the stock in a research note on February 06, 2024, with the firm’s price target at $9-$8.50.
