Chegg (CHGG) Chegg Shares Plummeted 27% Following Disappointing Q4 Guidance
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Chegg (CHGG) PT Lowered to $60 at Jefferies
November 3, 2021 7:38 AM EDTJefferies analyst Brent Thill lowered the price target on Chegg (NYSE: CHGG) to $60.00 (from $90.00) while maintaining a Buy rating.
The analyst commented, "CHGG revenue fell short of consensus for the 1st time in 19 quarters. Further, Q4 guidance for rev and adj... More
Needham & Company Downgrades Chegg (CHGG) to Hold
November 2, 2021 7:18 AM EDTNeedham & Company analyst Ryan MacDonald downgraded Chegg (NYSE: CHGG) from Buy to Hold.
The analyst commented, "We are downgrading Chegg (CHGG) to Hold following the company's 3Q21 results, which saw enrollment declines cause a net 464k decline in subscribers in the current semester.... More
Chegg (CHGG) Reports In-Line Q3 EPS, Guidance Misses
November 1, 2021 4:09 PM EDTChegg (NYSE: CHGG) reported Q3 EPS of $0.20, in-line with the analyst estimate of $0.20. Revenue for the quarter came in at $171.9 million versus the consensus estimate of $174.54 million.
GUIDANCE:
Chegg sees Q4 2021 revenue of $194-196 million, versus the consensus of $240.6... More
