5 Best Education Stocks to Buy In 2022

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1. Chegg, Inc. (NYSE:CHGG)

Number of Hedge Fund Holders: 25

Chegg, Inc. (NYSE:CHGG) is an American company that offers students a host of different services such as help with homework assignments, textbooks, plagiarism detection scans, citation generation, and writing feedback. The firm is headquartered in Santa Clara, California.

Chegg, Inc. (NYSE:CHGG)’s revenue has more than doubled over the past five years, with the latest reading of $776 million growing by more than 200% over the $255 million in revenue that it brought in 2017. Its subscribers have also grown by more than fourfold during the same time period, from 2.2 million to 7.8 million.

Needham upgraded Chegg, Inc. (NYSE:CHGG)’s share price rating to Buy in September 2022, as it stated that the company is expanding well internationally and maintaining its American user base at the same time. As part of their investment portfolios, 25 out of the 895 hedge funds surveyed by Insider Monkey during 2022’s June quarter had invested in the firm.

Chegg, Inc. (NYSE:CHGG)’s largest investor is Jim Simons’ Renaissance Technologies which owns 2.4 million shares that are worth $46 million.

Disclosure: None. You can also take a look at 10 Best Delivery Stocks to Invest In and 10 Best Stocks to Buy Now According to Billionaire Andreas Halvorsen.

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