Chegg Stock News

SAN DIEGO, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP announces that it has filed a class-action lawsuit on behalf of all those who purchased Chegg, Inc. ("Chegg" or the "Company") (NYSE: CHGG) securities during the period between May 5, 2020 and November 1, 2021, both dates inclusive (the "Class Period"). The action was filed in the United States District Court of Northern District of California and is captioned Steven Leventhal v. Chegg, Inc., et al. , Case No. 5:21-cv-09953.

NEW YORK, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Chegg, Inc. (Chegg or the Company) (NYSE: CHGG) on behalf of Chegg stockholders. Our investigation concerns whether Chegg has violated the federal securities laws and/or engaged in other unlawful business practices.

State of New Jersey Common Pension Fund D increased its holdings in shares of Chegg, Inc. (NYSE:CHGG) by 0.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 83,352 shares of the technology companys stock after purchasing an additional 562 shares during the period. State of New Jersey []

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These five companies offer investors exposure to five different sources of revenue and profits.

Landsberg Bennett & Dubbaneh LLC grew its holdings in shares of Chegg, Inc. (NYSE:CHGG) by 26.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,942 shares of the technology companys stock after buying an additional 10,135 shares during the quarter. []

Chegg (NYSE:CHGG) had its target price reduced by Morgan Stanley from $53.00 to $38.00 in a report published on Thursday morning, Price Targets.com reports. Morgan Stanley currently has an equal weight rating on the technology companys stock. A number of other analysts also recently weighed in on CHGG. Raymond James downgraded Chegg from an outperform []

Virginia Retirement Systems ET AL boosted its stake in Chegg, Inc. (NYSE:CHGG) by 91.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,700 shares of the technology companys stock after buying an additional 9,900 shares during the quarter. Virginia Retirement Systems ET ALs []

These companies' stock prices are down over double digits so far in 2021.

In the latest trading session, 1.56 million Chegg Inc. (NYSE:CHGG) shares changed hands as the companys beta touched 0.88. With the companys most recent per share price at $28.49 changing hands around $0.3 or 1.06% at last look, the market valuation stands at $4.14B. CHGGs current price is a discount, trading about -304.39% off its Chegg Inc. (NYSE: CHGG) Is Expected To Soar To Higher Prices In The Months To Come. Read More »

Wall Street brokerages expect Chegg, Inc. (NYSE:CHGG) to report sales of $195.10 million for the current quarter, according to Zacks. Eight analysts have provided estimates for Cheggs earnings, with the highest sales estimate coming in at $195.40 million and the lowest estimate coming in at $194.70 million. Chegg reported sales of $205.72 million in the []

Sciencast Management LP bought a new position in shares of Chegg, Inc. (NYSE:CHGG) in the 3rd quarter, Holdings Channel.com reports. The firm bought 21,774 shares of the technology companys stock, valued at approximately $1,412,000. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHGG. []

Comerica Bank increased its stake in Chegg, Inc. (NYSE:CHGG) by 22.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,143 shares of the technology companys stock after acquiring an additional 1,109 shares during the quarter. Comerica Banks holdings in Chegg were worth $476,000 at []

Chegg, Inc. (NYSE:CHGG) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 9,400,000 shares, a decrease of 29.4% from the October 31st total of 13,320,000 shares. Based on an average daily volume of 4,320,000 shares, the days-to-cover ratio is presently []

Chegg, Inc. (NYSE:CHGG) Director Ted Schlein acquired 35,470 shares of the stock in a transaction dated Thursday, December 2nd. The stock was bought at an average price of $28.54 per share, for a total transaction of $1,012,313.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Shares []