Chegg, Inc. (NYSE:CHGG) Stock Position Raised by P.A.W. Capital Corp

P.A.W. Capital Corp boosted its holdings in shares of Chegg, Inc. (NYSE:CHGGGet Rating) by 26.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 95,000 shares of the technology company’s stock after purchasing an additional 20,000 shares during the quarter. Chegg makes up approximately 3.6% of P.A.W. Capital Corp’s portfolio, making the stock its 9th biggest holding. P.A.W. Capital Corp’s holdings in Chegg were worth $3,447,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. KRS Capital Management LLC acquired a new position in shares of Chegg in the 4th quarter worth approximately $45,000. Quadrant Capital Group LLC grew its position in shares of Chegg by 2,703.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,433 shares in the last quarter. Signaturefd LLC grew its position in shares of Chegg by 501.9% in the 4th quarter. Signaturefd LLC now owns 3,202 shares of the technology company’s stock worth $98,000 after acquiring an additional 2,670 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Chegg by 115.3% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,827 shares of the technology company’s stock worth $148,000 after acquiring an additional 2,585 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of Chegg in the 4th quarter worth approximately $150,000.

CHGG stock traded up $0.44 during trading on Friday, reaching $19.22. 26,456 shares of the company’s stock were exchanged, compared to its average volume of 3,869,589. The company has a quick ratio of 8.02, a current ratio of 8.02 and a debt-to-equity ratio of 2.08. Chegg, Inc. has a 1-year low of $15.66 and a 1-year high of $90.50. The company’s fifty day moving average price is $19.80 and its 200-day moving average price is $26.82. The firm has a market cap of $2.42 billion, a PE ratio of 42.68, a P/E/G ratio of 4.96 and a beta of 1.13.

Chegg (NYSE:CHGGGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Chegg had a return on equity of 8.71% and a net margin of 8.90%. The company had revenue of $202.24 million for the quarter, compared to the consensus estimate of $202.98 million. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, sell-side analysts expect that Chegg, Inc. will post 0.23 earnings per share for the current fiscal year.

A number of research firms recently issued reports on CHGG. Barrington Research reduced their price objective on Chegg from $40.00 to $25.00 in a research report on Tuesday, May 3rd. Bank of America lowered Chegg from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 3rd. KeyCorp lowered Chegg from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, April 12th. StockNews.com began coverage on Chegg in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Northland Securities reduced their price objective on Chegg from $45.00 to $27.00 in a research report on Tuesday, May 3rd. Thirteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Chegg has an average rating of “Hold” and a consensus price target of $38.18.

Chegg Company Profile (Get Rating)

Chegg, Inc operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support and help them better understand their academic course materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its print textbooks and eTextbooks.

Further Reading

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Institutional Ownership by Quarter for Chegg (NYSE:CHGG)

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