5 Best Education Stocks To Buy Now

3. Chegg, Inc. (NYSE:CHGG)

No of HFs: 42

Total Value of HF Holdings: $838 Million

Chegg, Inc is first launched in 2005. They are based in Santa Clara, California. The company provides digital textbook rentals, online tutoring, and other student services. During the third quarter of 2020, the company reported total net revenue of $154.0 million, an increase of 64% year-over-year.

In an article, Brown advisory highlighted a few stocks and CHGG was one of them. Here they mentioned,

“Chegg reported earnings that supported our investment thesis that the company should benefit from the shift to online learning—it experienced a reacceleration in subscriber growth, driving strong forward guidance.”

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