Analyst Downgrades – Chegg (NYSE:CHGG) Stock Gets Downgraded By Lake Street Capital from Buy to Hold

ME Staff
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Analyst Ratings For Chegg (NYSE:CHGG)

Today, Chegg (NYSE:CHGG) stock was downgraded by Lake Street Capital from Buy to Hold with a price target of $14.00.

There are 1 hold rating, 9 buy ratings on the stock.

The current consensus rating on Chegg (NYSE:CHGG) is Buy (Score: 2.90) with a consensus target price of $11.40 per share, a potential 20.00% downside.

Some recent analyst ratings include

  • 7/26/2017-Lake Street Capital was Downgraded by analysts at Lake Street Capital from a “Buy ” rating to a ” Hold” rating. They now have a $14.00 price target on the stock, up previously from $12.00 .
  • 6/23/2017-Jefferies Group LLC Reiterated Rating of Buy.
  • 6/23/2017-Barrington Research Reiterated Rating of Outperform.
  • 5/3/2017-BMO Capital Markets Reiterated Rating of Outperform.
  • 5/2/2017-Raymond James Financial, Inc. Upgrade from a “Market Perform ” rating to a ” Outperform” rating.
  • 4/11/2017-Northland Securities initiated coverage with a Outperform rating.

Recent Insider Trading Activity For Chegg (NYSE:CHGG)
Chegg (NYSE:CHGG) has insider ownership of 20.40% and institutional ownership of 77.35%.

  • On 7/18/2017 Andrew J Brown, Insider, sold 100,000 with an average share price of $14.00 per share and the total transaction amounting to $1,400,000.00. View SEC Filing
  • On 7/17/2017 Charles Geiger, Insider, sold 50,000 with an average share price of $13.73 per share and the total transaction amounting to $686,500.00. View SEC Filing
  • On 7/3/2017 Charles Geiger, Insider, sold 50,000 with an average share price of $12.13 per share and the total transaction amounting to $606,500.00. View SEC Filing
  • On 6/15/2017 Charles Geiger, Insider, sold 25,000 with an average share price of $11.66 per share and the total transaction amounting to $291,500.00. View SEC Filing
  • On 6/8/2017 Andrew J Brown, Insider, sold 100,000 with an average share price of $13.00 per share and the total transaction amounting to $1,300,000.00. View SEC Filing
  • On 6/1/2017 Andrew J Brown, Insider, sold 100,000 with an average share price of $12.50 per share and the total transaction amounting to $1,250,000.00. View SEC Filing
  • On 5/22/2017 Nathan J. Schultz, Insider, sold 15,276 with an average share price of $12.00 per share and the total transaction amounting to $183,312.00. View SEC Filing

Recent Trading Activity for Chegg (NYSE:CHGG)
Shares of Chegg closed the previous trading session at 15.25 up +1.00 7.02% with 1,782,353 shares trading hands.