Fintel reviews that on May 3, 2023, BMO Capital maintained protection of Chegg (NYSE:CHGG) with a Market Perform suggestion.
Analyst Price Forecast Suggests 128.88% Upside
As of April 24, 2023, the common one-year price target for Chegg is 20.78. The forecasts vary from a low of 17.17 to a excessive of $26.25. The common value goal represents a rise of 128.88% from its newest reported closing value of 9.08.
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The projected annual income for Chegg is 837MM, a rise of 11.27%. The projected annual non-GAAP EPS is 1.36.
What is the Fund Sentiment?
There are 586 funds or institutions reporting positions in Chegg. This is a rise of 28 proprietor(s) or 5.02% within the final quarter. Average portfolio weight of all funds devoted to CHGG is 0.22%, a rise of 0.45%. Total shares owned by establishments decreased within the final three months by 0.43% to 134,563K shares. The put/call ratio of CHGG is 1.36, indicating a bearish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 13,460K shares representing 11.25% possession of the corporate. In it is prior submitting, the agency reported proudly owning 17,930K shares, representing a lower of 33.21%. The agency decreased its portfolio allocation in CHGG by 84.35% during the last quarter.
AMCPX – AMCAP FUND holds 6,530K shares representing 5.46% possession of the corporate. In it is prior submitting, the agency reported proudly owning 4,759K shares, representing a rise of 27.12%. The agency decreased its portfolio allocation in CHGG by 26.76% during the last quarter.
Sands Capital Management holds 5,450K shares representing 4.56% possession of the corporate. In it is prior submitting, the agency reported proudly owning 5,378K shares, representing a rise of 1.33%. The agency elevated its portfolio allocation in CHGG by 22.36% during the last quarter.
Capital Research Global Investors holds 4,817K shares representing 4.03% possession of the corporate. In it is prior submitting, the agency reported proudly owning 5,180K shares, representing a lower of seven.54%. The agency elevated its portfolio allocation in CHGG by 2.59% during the last quarter.
VWUSX – Vanguard U.S. Growth Fund Investor Shares holds 4,480K shares representing 3.74% possession of the corporate. In it is prior submitting, the agency reported proudly owning 4,323K shares, representing a rise of three.50%. The agency decreased its portfolio allocation in CHGG by 43.87% during the last quarter.
Chegg Background Information
(This description is supplied by the corporate.)
Chegg is the main direct-to-student studying platform. Chegg strives to enhance academic outcomes by placing the scholar first. Chegg helps college students on their journey from highschool to varsity and into their profession with instruments designed to assist them cross their take a look at, cross their class, and save money on required supplies. Chegg relies in Santa Clara, California
See all Chegg regulatory filings.
This story initially appeared on Fintel.
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