The Latest Breaking News from Chegg

Chegg (NYSE:CHGG) has observed the following analyst ratings within the last quarter:

Chegg Inc (NYSE: CHGG) shares are trading higher by 5.78% at $21.60 after the company announced it increased its buyback program by $1 billion.

Chegg Inc (NYSE:CHGG) board of directors has authorized the increase of its previously announced $1 billion securities repurchase program, up to an aggregate of $2 billion of common stock and/or convertible notes. In addition to the increased $1 billion repurchase authorization, Chegg has about $65 million remaining from its previous $1 billion buyback…

Chegg's (NYSE:CHGG) short percent of float has fallen 3.72% since its last report. The company recently reported that it has 6.70 million shares sold short, which is 5.43% of all regular shares that are available for trading.

Pulled from Benzinga Pro data, Chegg (NYSE:CHGG) posted Q1 earnings of $5.74 million, an increase from Q4 of 76.38%. Sales dropped to $202.24 million, a 2.52% decrease between quarters.

A whale with a lot of money to spend has taken a noticeably bearish stance on Chegg. Looking at options history for Chegg (NYSE:CHGG) we detected 17 strange trades.

Chegg Inc (NYSE: CHGG) reported its first-quarter adjusted earnings of 32 cents per share, ahead of the consensus estimates of 24 cents per share. Net revenues missed Street expectations and the company slashed its full-year revenue and adjusted EBITDA guidance.

Morgan Stanley has decided to maintain its Equal-Weight rating of Chegg (NYSE:CHGG) and lower its price target from $37.00 to $20.00. Shares of Chegg are trading down 29.92% over the last 24 hours, at $17.50 per share. A move to $20.00 would account for a 14.25% increase from the current…

Investors may be guarded today as the Federal Reserve starts a two-day meeting.

Within the last quarter, Chegg (NYSE:CHGG) has observed the following analyst ratings:

Upgrades