NYSE:CHGG Chegg (CHGG) Stock Price, News & Analysis → This Weight Loss Company Can't Make Enough Product (From Behind the Markets) (Ad) Free CHGG Stock Alerts $2.60 -0.19 (-6.81%) (As of 06/17/2024 ET) Add Compare Share Share Today's Range$2.60▼$2.8650-Day Range$2.60▼$7.5952-Week Range$2.60▼$13.11Volume5.56 million shsAverage Volume3.17 million shsMarket Capitalization$265.77 millionP/E RatioN/ADividend YieldN/APrice Target$7.31 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Chegg alerts: Email Address Chegg MarketRank™ Stock AnalysisAnalyst RatingStrong Sell1.44 Rating ScoreUpside/Downside181.3% Upside$7.31 Price TargetShort InterestBearish18.48% of Float Sold ShortDividend StrengthN/ASustainability-0.54Upright™ Environmental ScoreNews Sentiment0.47Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth44.44%From $0.27 to $0.39 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.69 out of 5 starsComputer And Technology Sector52nd out of 585 stocksEducational Services Industry1st out of 21 stocks 3.7 Analyst's Opinion Consensus RatingChegg has received a consensus rating of Strong Sell. The company's average rating score is 1.44, and is based on no buy ratings, 4 hold ratings, and 5 sell ratings.Amount of Analyst CoverageChegg has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Chegg's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted18.48% of the float of Chegg has been sold short.Short Interest Ratio / Days to CoverChegg has a short interest ratio ("days to cover") of 5.8.Change versus previous monthShort interest in Chegg has recently increased by 20.09%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldChegg does not currently pay a dividend.Dividend GrowthChegg does not have a long track record of dividend growth. Previous Next 4.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreChegg has received a 68.14% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "MOOC platforms", "E-learning platforms for higher education", and "Private tutoring services" products. See details.Environmental SustainabilityThe Environmental Impact score for Chegg is -0.54. Previous Next 1.9 News and Social Media Coverage News SentimentChegg has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Chegg this week, compared to 6 articles on an average week.Search InterestOnly 5 people have searched for CHGG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows12 people have added Chegg to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Chegg insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.40% of the stock of Chegg is held by insiders.Percentage Held by Institutions95.18% of the stock of Chegg is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Chegg's insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Chegg are expected to grow by 44.44% in the coming year, from $0.27 to $0.39 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chegg is -13.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Chegg is -13.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioChegg has a PEG Ratio of 0.52. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioChegg has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Chegg's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsProtect Your Bank Account from ChinaChina is set to launch a gold-backed currency that could shake the financial world. This move will give them unprecedented power over global finance. And could divert trillions from U.S. Treasury bonds.Discover these 4 simple steps here >>> About Chegg Stock (NYSE:CHGG)Chegg, Inc. operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside. The company also provides a skills-based learning platform to learn technical skills comprising AI, coding, data analytics, and cybersecurity, as well as competencies consisting of emotional intelligence, mindset, emerging leadership, and decision making. In addition, it rents and sells print textbooks and eTextbooks; and offers advertising services. The company serves students and companies through direct marketing channels and social media. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.Read More CHGG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CHGG Stock News HeadlinesJune 17 at 9:03 PM | benzinga.comChegg Announces Restructuring Plan: What's Going On With The Stock?June 17 at 4:35 PM | businesswire.comChegg Announces Restructuring Plan and New Vision for GrowthJune 14, 2024 | businesswire.comChegg Reports New Hire Equity Grants Under NYSE Rule 303A.08June 12, 2024 | fool.com1 Tech Stock Under $20 to Buy and 1 to AvoidJune 12, 2024 | fool.com1 Tech Stock Under $20 to Buy and 1 to AvoidJune 6, 2024 | businesswire.comChegg Publishes Annual Environmental, Social, and Governance (ESG) ReportJune 6, 2024 | fool.com1 Stock I Wouldn't Touch With a 10-Foot PoleJune 5, 2024 | stocknews.comTop Internet Picks for Value BuyersMay 15, 2024 | businesswire.comChegg Reports New Hire Equity Grants Under NYSE Rule 303A.08May 15, 2024 | businesswire.comChegg Strengthens its Academic Advisory Board in UK and Australia, Launches New Student Advisory CouncilMay 15, 2024 | msn.com3 Unbeatable Stocks to Ride the AI Wave Long-TermMay 15, 2024 | seekingalpha.comChegg: Stay Conservative Until It Reports Positive Subscriber GrowthMay 15, 2024 | investorplace.com3 Unbeatable Stocks to Ride the AI Wave Long-TermMay 8, 2024 | finance.yahoo.com20 Countries with the Highest Pupil-to-Teacher Ratio in the WorldMay 7, 2024 | finance.yahoo.comChegg's Stock Price Drops 27% As ChatGPT And Free AI Tools Send Stock PlummetingMay 3, 2024 | fool.com1 Stock I Wouldn't Touch With a 10-Foot PoleMay 1, 2024 | msn.comJefferies Downgrades Chegg (CHGG)May 1, 2024 | msn.comCraig-Hallum Downgrades Chegg (CHGG)May 1, 2024 | msn.comChegg, Inc. (NYSE:CHGG) Q1 2024 Earnings Call TranscriptApril 30, 2024 | bloomberg.comChegg Slumps as Wall Street Sees AI Threat to Homework-Help FirmApril 30, 2024 | markets.businessinsider.comMaintaining Hold on Chegg: Balancing Near-Term Challenges with Long-Term AI Integration PotentialApril 30, 2024 | msn.comChegg Analysts Slash Their Forecasts After Q1 ResultsApril 30, 2024 | theglobeandmail.comChegg (CHGG) Stock Trades Down, Here Is WhyApril 30, 2024 | seekingalpha.comChegg shares fall to record low on downbeat guidance, downgradesApril 30, 2024 | markets.businessinsider.comWhy Chegg Shares Are Plummeting TodaySee More Headlines Receive CHGG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Chegg and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings4/29/2024Today6/17/2024Next Earnings (Estimated)8/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Educational services Sub-IndustryN/A Current SymbolNYSE:CHGG CUSIPN/A CIK1364954 Webwww.chegg.com Phone(408) 855-5700FaxN/AEmployees1,979Year Founded2005Price Target and Rating Average Stock Price Target$7.31 High Stock Price Target$10.00 Low Stock Price Target$4.00 Potential Upside/Downside+181.3%Consensus RatingStrong Sell Rating Score (0-4)1.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.19) Trailing P/E RatioN/A Forward P/E Ratio9.63 P/E Growth0.52Net Income$18.18 million Net Margins2.07% Pretax Margin7.34% Return on Equity0.87% Return on Assets0.48% Debt Debt-to-Equity Ratio0.25 Current Ratio0.92 Quick Ratio0.92 Sales & Book Value Annual Sales$716.29 million Price / Sales0.37 Cash Flow$1.26 per share Price / Cash Flow2.06 Book Value$8.16 per share Price / Book0.32Miscellaneous Outstanding Shares102,220,000Free Float98,742,000Market Cap$265.77 million OptionableOptionable Beta1.37 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Daniel Lee Rosensweig (Age 62)Co-Chairman, CEO & President Comp: $1.11MMr. Nathan Schultz (Age 47)Chief Operating Officer Comp: $913.2kMr. David Longo (Age 56)CFO & Treasurer Ms. Tracey FordVice President of Investor RelationsMr. Woodie Dixon Jr.General Counsel & Corporate SecretaryMs. Heather Hatlo PorterChief Communications OfficerMs. Deena BahriChief Marketing OfficerMs. Debra ThompsonChief People OfficerMr. Mitch SpolanExecutive Vice President of Marketing ServicesMs. Lauren GlotzerChief Strategy OfficerMore ExecutivesKey CompetitorsUniversal Technical InstituteNYSE:UTIYoudaoNYSE:DAOLincoln Educational ServicesNASDAQ:LINCNerdyNYSE:NRDYVitruNASDAQ:VTRUView All CompetitorsInsiders & InstitutionsBoston PartnersSold 14,565 shares on 5/28/2024Ownership: 1.052%Comerica BankBought 35,290 shares on 5/17/2024Ownership: 0.044%Walleye Trading LLCSold 800 shares on 5/17/2024Ownership: 0.000%California State Teachers Retirement SystemSold 5,931 shares on 5/16/2024Ownership: 0.108%Bayesian Capital Management LPBought 75,313 shares on 5/16/2024Ownership: 0.074%View All Insider TransactionsView All Institutional Transactions CHGG Stock Analysis - Frequently Asked Questions Should I buy or sell Chegg stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last twelve months. There are currently 5 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "strong sell" CHGG shares. View CHGG analyst ratings or view top-rated stocks. What is Chegg's stock price target for 2024? 9 brokerages have issued 1 year price targets for Chegg's stock. Their CHGG share price targets range from $4.00 to $10.00. On average, they predict the company's share price to reach $7.31 in the next twelve months. This suggests a possible upside of 181.3% from the stock's current price. View analysts price targets for CHGG or view top-rated stocks among Wall Street analysts. How have CHGG shares performed in 2024? Chegg's stock was trading at $11.36 on January 1st, 2024. Since then, CHGG shares have decreased by 77.1% and is now trading at $2.60. View the best growth stocks for 2024 here. Are investors shorting Chegg? Chegg saw a increase in short interest in May. As of May 15th, there was short interest totaling 14,930,000 shares, an increase of 14.9% from the April 30th total of 12,990,000 shares. Based on an average daily trading volume, of 2,990,000 shares, the days-to-cover ratio is presently 5.0 days. Currently, 15.1% of the shares of the company are sold short. View Chegg's Short Interest. When is Chegg's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024. View our CHGG earnings forecast. How were Chegg's earnings last quarter? Chegg, Inc. (NYSE:CHGG) released its earnings results on Monday, April, 29th. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by $0.03. The technology company had revenue of $174.35 million for the quarter, compared to analyst estimates of $174.05 million. Chegg had a net margin of 2.07% and a trailing twelve-month return on equity of 0.87%. What ETF holds Chegg's stock? Global X Education ETF holds 5,823 shares of CHGG stock, representing 1.90% of its portfolio. What guidance has Chegg issued on next quarter's earnings? Chegg issued an update on its second quarter 2024 earnings guidance on Monday, April, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $159.0 million-$161.0 million, compared to the consensus revenue estimate of $173.6 million. What is Dan Rosensweig's approval rating as Chegg's CEO? 382 employees have rated Chegg Chief Executive Officer Dan Rosensweig on Glassdoor.com. Dan Rosensweig has an approval rating of 91% among the company's employees. This puts Dan Rosensweig in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Chegg own? Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Block (SQ), Tesla (TSLA), DocuSign (DOCU), Salesforce (CRM), PayPal (PYPL), Zoom Video Communications (ZM), Netflix (NFLX) and Teladoc Health (TDOC). Who are Chegg's major shareholders? Chegg's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.87%), Sylebra Capital LLC (7.40%), Jacobs Levy Equity Management Inc. (2.69%), Baillie Gifford & Co. (2.54%), Boston Partners (1.05%) and Russell Investments Group Ltd. (0.43%). Insiders that own company stock include Andrew J Brown, Daniel Rosensweig, Esther Lem, Nathan J Schultz, Paul Leblanc and Ted Schlein. View institutional ownership trends. How do I buy shares of Chegg? Shares of CHGG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. Does Chegg have any subsidiaries? The following companies are subsidiares of Chegg: Campus Special, Chegg India Private Limited, Chegg M.E. Ltd, Cramster Holding Corp, Cramster Inc, Good Ascent Corporation Limited, Imagine Easy Solutions, Imagine Easy Technology Solutions GmbH, InstaEDU, Internships.com, MATH 42, Mathway, RefME, StudyBlue, Thinkful, Thinkful Inc, Thinkful SPV LLC, and WriteLab.Read More This page (NYSE:CHGG) was last updated on 6/18/2024 by MarketBeat.com Staff From Our PartnersBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. But right now... 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