In Friday’s Wall Street session, Chegg Inc (NYSE:CHGG) shares traded at $1.3, up 3.17% from the previous session.
CHGG stock price is now 29.07% away from the 50-day moving average and -5.45% away from the 200-day moving average. The market capitalization of the company currently stands at $138.54M.
On January 14, 2025, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $2 to quote $1.25, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, BUDIG RENEE VARNI, Director sold 27,973 shares of the company’s stock on Jun 06 ’25. The stock was sold for $39,554 at an average price of $1.41. Upon completion of the transaction, the Director now directly owns 85,742 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’25, Director RENEE BUDIG bought 27,973 shares of the business’s stock. A total of $39,559 was incurred on buying the stock at an average price of $1.41. A total of 7.19% of the company’s stock is owned by insiders.
During the past 12 months, Chegg Inc has had a low of $0.44 and a high of $3.81. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 1.23, and a quick ratio of 1.23. The fifty day moving average price for CHGG is $1.0068 and a two-hundred day moving average price translates $1.37485 for the stock.
The latest earnings results from Chegg Inc (NYSE: CHGG) was released for 2025-03-31. The net profit margin was -151.10% and return on equity was -148.48% for CHGG. The company reported revenue of $121.39 million for the quarter, compared to $174.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.38 percent.
