Breaking News

Tuesday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Downgrade
Chegg downgraded to Neutral from Buy at Citi » 06:16
06/30/20
06/30
06:16
06/30/20
06:16
CHGG

Chegg

$66.74 /

+1.315 (+2.01%)

Citi analyst Nithin…

Citi analyst Nithin Pejaver downgraded Chegg to Neutral from Buy with a price target of $66, up from $52. There are uncertainties regarding the upside potential in subscriber growth, Pejaver tells investors in a research note after speaking with over 100 admission offices at U.S. universities. With the stock now trading close to lifetime highs, it does not screen as "particularly cheap" on relative valuation measures, adds the analyst.

ShowHide Related Items >><<
CHGG Chegg
$66.74 /

+1.315 (+2.01%)

CHGG Chegg
$66.74 /

+1.315 (+2.01%)

06/29/20 KeyBanc
Chegg initiated with an Overweight at KeyBanc
06/23/20 Northland
Chegg price target raised to $75 from $70 at Northland
06/22/20 Jefferies
Chegg price target raised to $80 from $55 at Jefferies
06/05/20 Needham
Chegg price target raised to $70 from $53 at Needham
CHGG Chegg
$66.74 /

+1.315 (+2.01%)

CHGG Chegg
$66.74 /

+1.315 (+2.01%)

CHGG Chegg
$66.74 /

+1.315 (+2.01%)

Monday
Initiation
Chegg initiated with an Overweight at KeyBanc » 16:19
06/29/20
06/29
16:19
06/29/20
16:19
CHGG

Chegg

$66.74 /

+1.315 (+2.01%)

KeyBanc analyst Jason…

KeyBanc analyst Jason Celino initiated coverage of Chegg with an Overweight rating and $80 price target.

ShowHide Related Items >><<
CHGG Chegg
$66.74 /

+1.315 (+2.01%)

CHGG Chegg
$66.74 /

+1.315 (+2.01%)

06/23/20 Northland
Chegg price target raised to $75 from $70 at Northland
06/22/20 Jefferies
Chegg price target raised to $80 from $55 at Jefferies
06/05/20 Needham
Chegg price target raised to $70 from $53 at Needham
05/19/20 Northland
Chegg price target raised to $70 from $60 at Northland
CHGG Chegg
$66.74 /

+1.315 (+2.01%)

CHGG Chegg
$66.74 /

+1.315 (+2.01%)

CHGG Chegg
$66.74 /

+1.315 (+2.01%)

Over a week ago
Recommendations
Chegg price target raised to $75 from $70 at Northland » 08:03
06/23/20
06/23
08:03
06/23/20
08:03
CHGG

Chegg

$69.88 /

+2.08 (+3.07%)

Northland analyst Mike…

Northland analyst Mike Grondahl raised the firm's price target on Chegg to $75 from $70 and keeps an Outperform rating on the shares. Grondahl sees "an ever-increasing opportunity" for Chegg to take advantage of an unprecedented surge in summer enrollment as well as the return to college period that begins in mid-August, the analyst tells investors.

ShowHide Related Items >><<
CHGG Chegg
$69.88 /

+2.08 (+3.07%)

CHGG Chegg
$69.88 /

+2.08 (+3.07%)

06/22/20 Jefferies
Chegg price target raised to $80 from $55 at Jefferies
06/05/20 Needham
Chegg price target raised to $70 from $53 at Needham
05/19/20 Northland
Chegg price target raised to $70 from $60 at Northland
05/18/20 BMO Capital
Chegg downgraded to Market Perform from Outperform at BMO Capital
CHGG Chegg
$69.88 /

+2.08 (+3.07%)

CHGG Chegg
$69.88 /

+2.08 (+3.07%)

CHGG Chegg
$69.88 /

+2.08 (+3.07%)

Recommendations
Chegg price target raised to $80 from $55 at Jefferies » 08:36
06/22/20
06/22
08:36
06/22/20
08:36
CHGG

Chegg

$67.80 /

+4.7 (+7.45%)

Jefferies analyst Brent…

Jefferies analyst Brent Thill raised the firm's price target on Chegg to $80 from $55 and keeps a Buy rating on the shares following what he described as an "upbeat" meeting with the company's CEO. While "COVID has certainly helped," the core was already growing 32% pre-COVID and management remains confident in healthy future growth while continuing to improve margins, Thill tells investors. While he believes bears will push back on valuation, he prefers taking a long-term view as he believes Chegg will "remain at the forefront of educational transformation," Thill said.

ShowHide Related Items >><<
CHGG Chegg
$67.80 /

+4.7 (+7.45%)

CHGG Chegg
$67.80 /

+4.7 (+7.45%)

06/05/20 Needham
Chegg price target raised to $70 from $53 at Needham
05/19/20 Northland
Chegg price target raised to $70 from $60 at Northland
05/18/20 BMO Capital
Chegg downgraded to Market Perform from Outperform at BMO Capital
05/13/20 Needham
CA schools online in fall negative for Barnes & Noble Education, says Needham
CHGG Chegg
$67.80 /

+4.7 (+7.45%)

CHGG Chegg
$67.80 /

+4.7 (+7.45%)

CHGG Chegg
$67.80 /

+4.7 (+7.45%)

Options
Unusually active option classes on open June 17th » 09:40
06/17/20
06/17
09:40
06/17/20
09:40
SHY

iShares 1-3 Year Treasury Bond

$86.53 /

+ (+0.00%)

, CHGG

Chegg

$60.35 /

+ (+0.00%)

, CZR

Caesars

$12.05 /

+ (+0.00%)

, ROKU

Roku

$120.80 /

+ (+0.00%)

, NAT

Nordic American Tankers

$4.78 /

+ (+0.00%)

, KR

Kroger

$32.54 /

+ (+0.00%)

, BYND

Beyond Meat

$151.62 /

+ (+0.00%)

, BHC

Bausch Health

$19.34 /

+ (+0.00%)

, NOK

Nokia

$4.35 /

+ (+0.00%)

, IQ

iQIYI

$24.10 /

+ (+0.00%)

Unusual total active…

Unusual total active option classes on open include: iShares Barclays 1 to 3 Year Treasury Bond Fund (SHY), Chegg (CHGG), Caesars (CZR), Roku (ROKU), Nordic American Tankers (NAT), Kroger (KR), Beyond Meat (BYND), Bausch Health (BHC), Nokia (NOK), and iQiyi (IQ).

ShowHide Related Items >><<
ROKU Roku
$120.80 /

+ (+0.00%)

NOK Nokia
$4.35 /

+ (+0.00%)

NAT Nordic American Tankers
$4.78 /

+ (+0.00%)

KR Kroger
$32.54 /

+ (+0.00%)

IQ iQIYI
$24.10 /

+ (+0.00%)

CZR Caesars
$12.05 /

+ (+0.00%)

CHGG Chegg
$60.35 /

+ (+0.00%)

BYND Beyond Meat
$151.62 /

+ (+0.00%)

BHC Bausch Health
$19.34 /

+ (+0.00%)

SHY iShares 1-3 Year Treasury Bond
$86.53 /

+ (+0.00%)

CHGG Chegg
$60.35 /

+ (+0.00%)

06/05/20 Needham
Chegg price target raised to $70 from $53 at Needham
05/19/20 Northland
Chegg price target raised to $70 from $60 at Northland
05/18/20 BMO Capital
Chegg downgraded to Market Perform from Outperform at BMO Capital
05/13/20 Needham
CA schools online in fall negative for Barnes & Noble Education, says Needham
CZR Caesars
$12.05 /

+ (+0.00%)

06/04/20 Deutsche Bank
Caesars price target raised to $12 from $11 at Deutsche Bank
06/02/20 Nomura Instinet
Eldorado Resorts price target raised to $34 from $12.50 at Nomura Instinet
05/21/20 BofA
MGM Resorts downgraded to Underperform from Neutral at BofA
05/12/20 Deutsche Bank
Caesars price target lowered to $11 from $13 at Deutsche Bank
ROKU Roku
$120.80 /

+ (+0.00%)

06/11/20 Oppenheimer
Roku price target raised to $140 from $135 at Oppenheimer
06/04/20 Rosenblatt
Roku weakness on new TCL TVs 'well overdone,' says Rosenblatt
06/03/20 Stephens
Roku may be seeing pressure from Best Buy TCL TVs, says Stephens
06/03/20 SunTrust
New TVs at Best Buy present 'modest' new competition for Roku, says Suntrust
NAT Nordic American Tankers
$4.78 /

+ (+0.00%)

05/04/20 Evercore ISI
Nordic American Tankers downgraded to Underperform from In Line at Evercore ISI
01/08/20 B. Riley FBR
B. Riley FBR sees another strong year for tanker stocks in 2020
11/05/19 BTIG
BTIG raises price targets on tanker shipping names
10/18/19 Evercore ISI
Frontline, Nordic American Tankers upgraded at Evercore ISI
KR Kroger
$32.54 /

+ (+0.00%)

06/15/20 UBS
Kroger price target raised to $35 from $33 at UBS
06/11/20 BMO Capital
Kroger price target raised to $34 from $31 at BMO Capital
04/15/20 Citi
Kroger assumed with a Neutral from Buy at Citi
BYND Beyond Meat
$151.62 /

+ (+0.00%)

06/17/20 Credit Suisse
Beyond Meat price target raised to $142 from $90 at Credit Suisse
06/17/20 Credit Suisse
Beyond Meat price target raised to $142 from $90 at Credit Suisse
06/09/20 BTIG
Beyond Meat's China distribution to accelerate sales in second half, says BTIG
05/19/20
Fly Intel: Top five analyst initiations
BHC Bausch Health
$19.34 /

+ (+0.00%)

06/17/20 H.C. Wainwright
Bausch Health price target raised to $64 from $50 at H.C. Wainwright
06/03/20 Jefferies
Duobrii could become a key revenue driver for Bausch Health, says Jefferies
04/24/20
Fly Intel: Top five analyst initiations
04/24/20 Citi
Bausch Health initiated with a Buy at Citi
NOK Nokia
$4.35 /

+ (+0.00%)

06/01/20 JPMorgan
JPMorgan upgrades Nokia to Overweight with 5G cycle 'just starting'
06/01/20 JPMorgan
Nokia upgraded to Overweight from Neutral at JPMorgan
05/05/20 Deutsche Bank
Nokia price target raised to EUR 4 from EUR 3.80 at Deutsche Bank
05/01/20 Credit Suisse
Credit Suisse cuts Nokia sales forecasts after Q1 results
IQ iQIYI
$24.10 /

+ (+0.00%)

05/20/20 HSBC
iQIYI price target lowered to $23 from $32 at HSBC
04/14/20
Fly Intel: Top five analyst initiations
04/13/20 Oppenheimer
iQIYI initiated with an Outperform at Oppenheimer
04/09/20 Mizuho
Baidu concerns overstated, current valuation 'compelling,' says Mizuho
ROKU Roku
$120.80 /

+ (+0.00%)

NOK Nokia
$4.35 /

+ (+0.00%)

NAT Nordic American Tankers
$4.78 /

+ (+0.00%)

KR Kroger
$32.54 /

+ (+0.00%)

IQ iQIYI
$24.10 /

+ (+0.00%)

CZR Caesars
$12.05 /

+ (+0.00%)

CHGG Chegg
$60.35 /

+ (+0.00%)

BYND Beyond Meat
$151.62 /

+ (+0.00%)

BHC Bausch Health
$19.34 /

+ (+0.00%)

ROKU Roku
$120.80 /

+ (+0.00%)

NOK Nokia
$4.35 /

+ (+0.00%)

KR Kroger
$32.54 /

+ (+0.00%)

IQ iQIYI
$24.10 /

+ (+0.00%)

CZR Caesars
$12.05 /

+ (+0.00%)

BYND Beyond Meat
$151.62 /

+ (+0.00%)

ROKU Roku
$120.80 /

+ (+0.00%)

NOK Nokia
$4.35 /

+ (+0.00%)

KR Kroger
$32.54 /

+ (+0.00%)

IQ iQIYI
$24.10 /

+ (+0.00%)

CZR Caesars
$12.05 /

+ (+0.00%)

CHGG Chegg
$60.35 /

+ (+0.00%)

BYND Beyond Meat
$151.62 /

+ (+0.00%)

BHC Bausch Health
$19.34 /

+ (+0.00%)

SHY iShares 1-3 Year Treasury Bond
$86.53 /

+ (+0.00%)

ROKU Roku
$120.80 /

+ (+0.00%)

NOK Nokia
$4.35 /

+ (+0.00%)

NAT Nordic American Tankers
$4.78 /

+ (+0.00%)

KR Kroger
$32.54 /

+ (+0.00%)

IQ iQIYI
$24.10 /

+ (+0.00%)

CZR Caesars
$12.05 /

+ (+0.00%)

CHGG Chegg
$60.35 /

+ (+0.00%)

BYND Beyond Meat
$151.62 /

+ (+0.00%)

BHC Bausch Health
$19.34 /

+ (+0.00%)

SHY iShares 1-3 Year Treasury Bond
$86.53 /

+ (+0.00%)

Hot Stocks
Chegg authorizes $500M share repurchase program » 16:17
06/16/20
06/16
16:17
06/16/20
16:17
CHGG

Chegg

$60.35 /

+1.025 (+1.73%)

Chegg announced its board…

Chegg announced its board of directors has authorized the repurchase of up to $500 million of Chegg's common stock and/or convertible notes, through open market purchases, block trades and/or in privately negotiated transactions or pursuant to Rule 10b5-1 plans, in compliance with applicable securities laws and other legal requirements. The timing, volume, and nature of any repurchases will be determined by Chegg's management, in consultation with the board's Finance Committee, based on its evaluation of the capital needs of the business, market conditions, applicable legal requirements, and other factors. The repurchase program may extend over a period of approximately eighteen months, ending on December 31, 2021. Chegg currently expects to fund the repurchase program from its existing cash balance and future cash flows from operations.

ShowHide Related Items >><<
CHGG Chegg
$60.35 /

+1.025 (+1.73%)

CHGG Chegg
$60.35 /

+1.025 (+1.73%)

06/05/20 Needham
Chegg price target raised to $70 from $53 at Needham
05/19/20 Northland
Chegg price target raised to $70 from $60 at Northland
05/18/20 BMO Capital
Chegg downgraded to Market Perform from Outperform at BMO Capital
05/13/20 Needham
CA schools online in fall negative for Barnes & Noble Education, says Needham
CHGG Chegg
$60.35 /

+1.025 (+1.73%)

CHGG Chegg
$60.35 /

+1.025 (+1.73%)

CHGG Chegg
$60.35 /

+1.025 (+1.73%)

Recommendations
Chegg price target raised to $70 from $53 at Needham » 09:24
06/05/20
06/05
09:24
06/05/20
09:24
CHGG

Chegg

$58.32 /

-3.06 (-4.99%)

Needham analyst Ryan…

Needham analyst Ryan MacDonald raised the firm's price target on Chegg to $70 from $53 and keeps a Buy rating on the shares after its acquisition of Mathway. The analyst notes that investors may initially question the valuation at about 7.7-times expected FY19 revenue, but Mathway represents a "strong strategic fit for Chegg", increasing its exposure with high school students, enhancing the capabilities of the existing Chegg Math Solver solution, and boosting its international expansion.

ShowHide Related Items >><<
CHGG Chegg
$58.32 /

-3.06 (-4.99%)

CHGG Chegg
$58.32 /

-3.06 (-4.99%)

05/19/20 Northland
Chegg price target raised to $70 from $60 at Northland
05/18/20 BMO Capital
Chegg downgraded to Market Perform from Outperform at BMO Capital
05/13/20 Needham
CA schools online in fall negative for Barnes & Noble Education, says Needham
05/05/20
Fly Intel: Top five analyst upgrades
CHGG Chegg
$58.32 /

-3.06 (-4.99%)

CHGG Chegg
$58.32 /

-3.06 (-4.99%)

CHGG Chegg
$58.32 /

-3.06 (-4.99%)

Hot Stocks
Chegg acquires Mathway for about $100M in all-cash transaction » 16:13
06/04/20
06/04
16:13
06/04/20
16:13
CHGG

Chegg

$58.27 /

-3.11 (-5.07%)

Chegg announced it has…

Chegg announced it has acquired the popular math solver Mathway. Mathway has subscribers in approximately 100 countries and has been localized in 13 languages. "Math proficiency is a foundational and critical pillar of learning around the world," said Nathan Schultz, President of Learning Services at Chegg. "The modern student understands that the mastery of math is more important than ever, and Mathway has built an incredible product that students love. Bringing Mathway into the Chegg family will bring additional subject coverage, languages, and international reach, significantly expanding our TAM," Schultz added. Chegg acquired Mathway for approximately $100 million in an all-cash transaction. There are potential additional payments of up to $15 million payable in cash over the next three years that remain subject to performance and other contingencies. Mathway's 2019 unaudited net revenue was approximately $13 million. Chegg expects the Q2 2020 revenue contribution of Mathway, after the effect of the fair-value adjustment through purchase accounting to deferred revenue, to be approximately $0.5 million and an adjusted EBITDA loss of approximately $0.5 million.

ShowHide Related Items >><<
CHGG Chegg
$58.27 /

-3.11 (-5.07%)

CHGG Chegg
$58.27 /

-3.11 (-5.07%)

05/19/20 Northland
Chegg price target raised to $70 from $60 at Northland
05/18/20 BMO Capital
Chegg downgraded to Market Perform from Outperform at BMO Capital
05/13/20 Needham
CA schools online in fall negative for Barnes & Noble Education, says Needham
05/05/20
Fly Intel: Top five analyst upgrades
CHGG Chegg
$58.27 /

-3.11 (-5.07%)

CHGG Chegg
$58.27 /

-3.11 (-5.07%)

CHGG Chegg
$58.27 /

-3.11 (-5.07%)

Over a month ago
Options
Chegg call volume above normal and directionally bullish » 14:05
06/01/20
06/01
14:05
06/01/20
14:05
CHGG

Chegg

$62.70 /

+1.58 (+2.59%)

Bullish option flow…

Bullish option flow detected in Chegg with 5,638 calls trading, 1.2x expected, and implied vol increasing almost 3 points to 52.98%. Jun-20 65 calls and Jun-20 70 calls are the most active options, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 0.25. Earnings are expected on July 27th.

ShowHide Related Items >><<
CHGG Chegg
$62.70 /

+1.58 (+2.59%)

CHGG Chegg
$62.70 /

+1.58 (+2.59%)

05/19/20 Northland
Chegg price target raised to $70 from $60 at Northland
05/18/20 BMO Capital
Chegg downgraded to Market Perform from Outperform at BMO Capital
05/13/20 Needham
CA schools online in fall negative for Barnes & Noble Education, says Needham
05/05/20
Fly Intel: Top five analyst upgrades
CHGG Chegg
$62.70 /

+1.58 (+2.59%)

CHGG Chegg
$62.70 /

+1.58 (+2.59%)

CHGG Chegg
$62.70 /

+1.58 (+2.59%)

Recommendations
Chegg price target raised to $70 from $60 at Northland » 09:28
05/19/20
05/19
09:28
05/19/20
09:28
CHGG

Chegg

$62.16 /

-4.54 (-6.81%)

Northland analyst Mike…

Northland analyst Mike Grondahl raised the firm's price target on Chegg to $70 from $60 and keeps an Outperform rating on the shares after the company noted on its Q1 earnings call that it has stepped up authentication for subscribers. He sees a multi-factor authentication process being deployed in the second half, possibly in August with the new fall college enrollment season, and believes it will be a major tailwind as Chegg has noted passwords are shared by multiples of its subscribers, the analyst tells investors.

ShowHide Related Items >><<
CHGG Chegg
$62.16 /

-4.54 (-6.81%)

CHGG Chegg
$62.16 /

-4.54 (-6.81%)

05/18/20 BMO Capital
Chegg downgraded to Market Perform from Outperform at BMO Capital
05/13/20 Needham
CA schools online in fall negative for Barnes & Noble Education, says Needham
05/05/20
Fly Intel: Top five analyst upgrades
05/05/20 Barrington
Chegg price target raised to $60 from $50 at Barrington
CHGG Chegg
$62.16 /

-4.54 (-6.81%)

CHGG Chegg
$62.16 /

-4.54 (-6.81%)

CHGG Chegg
$62.16 /

-4.54 (-6.81%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.