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CHGG

Chegg

$13.85

-0.29 (-2.05%)

17:24
07/31/17
07/31
17:24
07/31/17
17:24

Chegg files to sell 8M shares of common stock

Morgan Stanley, BofA Merrill Lynch and Allen & Company will be acting as joint book-running managers for the offering. Barrington Research and Northland Capital Markets will be acting as co-managers.

CHGG Chegg
$13.85

-0.29 (-2.05%)

07/26/17
LSCM
07/26/17
DOWNGRADE
Target $14
LSCM
Hold
Chegg downgraded to Hold from Buy at Lake Street
Lake Street analyst Eric Martinuzzi downgraded Chegg to Hold citing valuation with the shares up 93% year-to-date. The analyst raised his price target for the shares to $14 from $12 citing last night's "solid" beat and raise quarter, but believes the company's "executional margin of error has gotten much smaller" at current share levels.
07/26/17
JEFF
07/26/17
NO CHANGE
Target $17
JEFF
Buy
Chegg remains a top small-cap pick at Jefferies
Jefferies analyst Brian Fitzgerald raised his price target for Chegg shares to $17 from $13 following the company's Q2 results. The stock remains a top small-cap pick as it continues to yield more predictable revenue and better profitability, Fitzgerald tells investors in a post-earnings research note. He believes the company's EBITDA margins can double by 2020 and that the valuation still looks attractive, even with the shares rallying 93% year-to-date. The analyst keeps a Buy rating on Chegg.
06/23/17
BRRR
06/23/17
NO CHANGE
Target $17
BRRR
Outperform
Chegg price target raised to $17 after investor meetings at Barrington
Following meetings with the CFO and IR team of Chegg, Barrington analyst Alexander Paris raised his 2018 estimates, hiking his revenue forecast by $10M to $295M and his EPS view to 53c from 47c. Paris increased his price target on Chegg, which he sees as only in the early innings of its monetization efforts, to $17 from $12.50 and keeps an Outperform rating on the shares.
05/02/17
05/02/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. DuPont Fabros (DFT) upgraded to Overweight from Sector Weight at KeyBanc with analyst Jordan Sadler citing the company's "substantial" new leasing activity amid broad-based demand. 2. First Solar (FSLR) upgraded to Neutral from Sell at UBS. 3. Whole Foods (WFM) upgraded to Peer Perform from Underperform at Wolfe Research with the firm citing the combination of JANA Partners' involvement combined with research indicating stabilization in comparable-store sales. 4. Chegg (CHGG) upgraded to Outperform from Market Perform at Raymond James with analyst Aaron Kessler saying he has increased confidence in Chegg's Services growth given continued momentum and expects incremental investments to slow, increasing 2018 margin expansion. 5. FleetCor (FLT) upgraded to Strong Buy from Outperform at Raymond James with analyst Wayne Johnson saying he believes FleetCor is at the beginning of a multi-year business outlook improvement cycle and sees an exciting opportunity from the Cambridge acquisition. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

02:40
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General news
FX Update: The yen and safe have assets remained »

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DE

Deere

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-2.65 (-2.09%)

, EL

Estee Lauder

$98.32

-2.75 (-2.72%)

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PCTY

Paylocity

$45.10

-1.06 (-2.30%)

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$54.98

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ADP

ADP

$104.68

-6.42 (-5.78%)

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SN

Sanchez Energy

$4.87

-0.145 (-2.89%)

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BABA

Alibaba

$163.92

4.42 (2.77%)

17:50
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ASYS

Amtech Systems

$10.14

-0.51 (-4.79%)

17:48
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Syndicate
Amtech Systems announces common stock offering, no amount given »

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CPCAY

Cathay Pacific

$7.47

0.15 (2.05%)

17:47
08/17/17
08/17
17:47
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17:47
Upgrade
Cathay Pacific rating change at Goldman Sachs »

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RTN

Raytheon

$177.25

-0.83 (-0.47%)

17:32
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Hot Stocks
Raytheon awarded $104.8M government contract »

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SPWH

Sportsman's Warehouse

$3.46

-0.12 (-3.35%)

, GLOB

Globant

$42.26

-0.64 (-1.49%)

17:32
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Hot Stocks
On The Fly: After Hours Movers »

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SPWH

Sportsman's Warehouse

$3.46

-0.12 (-3.35%)

GLOB

Globant

$42.26

-0.64 (-1.49%)

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

GPS

Gap

$22.68

0.11 (0.49%)

AMAT

Applied Materials

$43.12

-1.34 (-3.01%)

FLDM

Fluidigm

$3.60

-0.04 (-1.10%)

SENS

Senseonics

$2.44

0.02 (0.83%)

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LMT

Lockheed Martin

$301.42

-4.38 (-1.43%)

17:32
08/17/17
08/17
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17:32
Hot Stocks
Lockheed Martin, others awarded $499M government contract »

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  • 23

    Aug

CTRL

Control4

$22.27

-0.9 (-3.88%)

, AMRI

Albany Molecular

$21.74

-0.01 (-0.05%)

17:21
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Hot Stocks
Control4 to replace Albany Molecular in S&P 600 at open on 8/22 »

The Carlyle Group (CG)…

CTRL

Control4

$22.27

-0.9 (-3.88%)

AMRI

Albany Molecular

$21.74

-0.01 (-0.05%)

CG

Carlyle Group

$21.20

-0.2 (-0.93%)

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  • 30

    Aug

CI

Cigna

$178.03

-1.83 (-1.02%)

17:15
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Hot Stocks
Cigna's Bacus sells 2,236 common shares »

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  • 06

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17:09
08/17/17
08/17
17:09
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General news
Sen. Corker: Trump has not demonstrated competence to be president »

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BTU

Peabody Energy

$27.94

-0.27 (-0.96%)

17:07
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Syndicate
Peabody Energy files to sell 12.8M shares of common stock for holders »

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CEMI

Chembio Diagnostics

$6.05

-0.1 (-1.63%)

17:02
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Hot Stocks
Chembio Diagnostics CFO Richard Larkin to retire »

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CRMT

America's Car-Mart

$36.90

-0.65 (-1.73%)

17:01
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Earnings
America's Car-Mart reports Q1 EPS 90c, consensus 91c »

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GM

General Motors

$35.00

-0.75 (-2.10%)

16:59
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Hot Stocks
General Motors' Jacoby sells 20,000 common shares »

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CBI

CB&I

$9.78

-0.19 (-1.91%)

, FLR

Fluor

$37.77

-0.67 (-1.74%)

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CBI

CB&I

$9.78

-0.19 (-1.91%)

FLR

Fluor

$37.77

-0.67 (-1.74%)

ACM

Aecom

$31.09

-0.43 (-1.36%)

MTZ

MasTec

$39.20

0.45 (1.16%)

CCI

Crown Castle

$104.14

0.35 (0.34%)

JEC

Jacobs Engineering

$50.25

-0.8 (-1.57%)

MLM

Martin Marietta

$200.41

-4.7 (-2.29%)

USCR

U.S. Concrete

$77.20

-0.9 (-1.15%)

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  • 11

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CQP

Cheniere Energy Partners

$28.08

-0.08 (-0.28%)

16:53
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Breaking Syndicate news story on Cheniere Energy Partners »

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DDS

Dillard's

$54.83

-1.1 (-1.97%)

16:50
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Dillard's raises quarterly dividend to 10c from 7c per share »

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ABTL

Autobytel

$8.30

-0.12 (-1.43%)

16:46
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Autobytel announces purchases under stock repurchase authorization »

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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

, CMT

Core Molding

$21.07

-0.36 (-1.68%)

16:43
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Breaking Hot Stocks news story on GAMCO Investors, Core Molding »

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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

CMT

Core Molding

$21.07

-0.36 (-1.68%)

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  • 06

    Sep

GUID

Guidance Software

16:41
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Hot Stocks
Breaking Hot Stocks news story on Guidance Software »

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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

, MTRN

Materion

$37.00

-1.1 (-2.89%)

16:41
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Hot Stocks
Breaking Hot Stocks news story on GAMCO Investors, Materion »

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GBL

GAMCO Investors

$29.41

-0.4 (-1.34%)

MTRN

Materion

$37.00

-1.1 (-2.89%)

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FALC

FalconStor

$0.19

-0.004 (-2.12%)

16:41
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FalconStor announces Todd Brooks as CEO and Patrick McClain as CFO »

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