Chegg Inc (NYSE:CHGG) Shares Shorted Increased By 0.64%

April 20, 2018 - By Nellie Deboer

Chegg, Inc. (NYSE:CHGG) Corporate Logo

Big Money Sentiment decreased to 1.55 in Q4 2017. It has change of 0.34, from 2017Q3’s 1.89. The ratio turned negative due to Chegg, Inc. positioning: 20 sold and 38 reduced. 27 funds amassed holdings and 63 increased holdings. Investors holded 102.60 million in 2017Q3 but now own 112.03 million shares or 9.19% more.
Schwab Charles Mngmt Inc holds 414,828 shs. Pub Employees Retirement Association Of Colorado holds 4,664 shs. Prns Ltd Co invested in 0.03% or 54,945 shs. Pier Cap Ltd Liability has 362,875 shs. Gilder Gagnon Howe And Ltd Llc reported 1.61% in Chegg, Inc. (NYSE:CHGG). Rhumbline Advisers invested in 0% or 87,201 shs. Gru One Trading Lp owns 12,433 shs. Act Ii Mgmt Lp owns 829,616 shs for 8.73% of their capital. Winch Advisory Serv Ltd Company holds 500 shs. Ameriprise Financial holds 191,630 shs. Moreover, Amalgamated Retail Bank has 0.01% invested in Chegg, Inc. (NYSE:CHGG). Moreover, Jpmorgan Chase Com has 0% invested in Chegg, Inc. (NYSE:CHGG). Paw Capital Corp has 4.52% invested in Chegg, Inc. (NYSE:CHGG). Financial Bank Of America De has 0% invested in Chegg, Inc. (NYSE:CHGG). Nbw Ltd Llc invested in 110,355 shs.

Chegg, Inc. had 23 insider sales and 0 buys since December 13, 2017. This’s net activity of $26.00 million. 50,000 shs valued at $989,000 were sold by Lem Esther on Thursday, March 1. Shares for $303,900 were sold by BORDERS DAVE JR.. 200,000 shs were sold by ROSENSWEIG DANIEL, worth $3.60 million. Another trade for 14,733 shs valued at $324,126 was made by Schultz Nathan J. on Monday, March 26. $3.01M worth of Chegg, Inc. (NYSE:CHGG) shs were sold by TOMASELLO ROBIN. On Wednesday, March 7 $1.97M worth of stock was sold by BROWN ANDREW J.

Chegg Inc (NYSE:CHGG) had an increase of its shares shorted by 0.64%. In April was published CHGG’s total 21.77M shares shorted by FINRA. The up change of 0.64% from 21.63 million shares was reported. 11 days will cost CHGG With 1.94 million average volume to restore its former position. Chegg Inc’s shares shorted float is 29.11%.

CHGG reached $23.28 during the last trading session after $0.18 change.Chegg, Inc. is uptrending after having risen 163.02% since April 20, 2017. CHGG has 1.74M volume or 20.50% up from normal. The stock outperformed the S&P 500 by 151.47%.

Chegg, Inc. operates student-first connected learning platform that help students transition from high school to college to career.The firm is valued at $2.56 billion. The companyÂ’s services and products help students to study for college admission exams, find the right college to accomplish their goals, get better grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college.Last it reported negative earnings. It offers print textbook and eTextbook library for rent and sale; and provides eTextbooks, supplemental materials, Chegg Study service, tutoring service, writing tools, textbook buyback, test preparation service, internships, and college admissions and scholarship services, as well as enrollment marketing and brand advertising services.

Chegg, Inc. (NYSE:CHGG) Ratings Coverage

In total 7 analysts cover Chegg Inc (NYSE:CHGG). “Buy” rating has 5, “Sell” are 0, while 2 are “Hold”. 71% are bullish. With $2600 highest and $18.0 lowest [Target] Chegg Inc has $21.29 average [Target] or -8.55% below the current ($23.28) price. 12 are the (NYSE:CHGG)’s analyst reports since October 31, 2017 according to StockzIntelligence Inc. On Tuesday, March 13 the stock has “Neutral” rating by Citigroup. On Wednesday, January 17 BMO Capital Markets maintained Chegg, Inc. (NYSE:CHGG) rating. BMO Capital Markets has “Buy” rating and $20.0 target. On Tuesday, October 31 the company was maintained by Jefferies. On Tuesday, April 10 the firm has “Buy” rating by BMO Capital Markets given. On Friday, November 17 the firm earned “Buy” rating by BMO Capital Markets. On Monday, January 8 the firm has “Buy” rating given by Northland Capital. On Wednesday, November 1 JP Morgan maintained Chegg, Inc. (NYSE:CHGG) with “Overweight” rating. On Tuesday, February 13 the firm earned “Buy” rating by Jefferies. On Tuesday, February 13 the stock has “Overweight” rating by JP Morgan. On Tuesday, October 31 Barrington maintained Chegg, Inc. (NYSE:CHGG) with “Buy” rating.

Chegg, Inc. (NYSE:CHGG) Institutional Investors Chart

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