Chegg (NYSE:CHGG) Announces Quarterly Earnings Results

Chegg (NYSE:CHGG - Get Free Report) issued its earnings results on Monday. The technology company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.18), Zacks reports. The business had revenue of $121.39 million for the quarter, compared to analyst estimates of $114.77 million. Chegg had a positive return on equity of 2.36% and a negative net margin of 124.05%. Chegg updated its Q2 2025 guidance to EPS.

Chegg Stock Up 9.6%

Shares of NYSE:CHGG traded up $0.08 during trading on Friday, reaching $0.90. 2,380,597 shares of the stock were exchanged, compared to its average volume of 3,676,285. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.91 and a quick ratio of 0.91. Chegg has a 1-year low of $0.44 and a 1-year high of $4.56. The stock has a fifty day moving average of $0.65 and a two-hundred day moving average of $1.32. The firm has a market cap of $95.59 million, a price-to-earnings ratio of -0.11 and a beta of 1.75.

Hedge Funds Weigh In On Chegg

An institutional investor recently raised its position in Chegg stock. Empowered Funds LLC raised its stake in shares of Chegg, Inc. (NYSE:CHGG - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 424,563 shares of the technology company's stock after acquiring an additional 33,269 shares during the period. Empowered Funds LLC owned about 0.40% of Chegg worth $271,000 as of its most recent SEC filing. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHGG has been the subject of several research analyst reports. Piper Sandler lowered their target price on Chegg from $1.50 to $1.00 and set an "underweight" rating for the company in a research note on Tuesday, February 25th. Needham & Company LLC restated a "hold" rating on shares of Chegg in a report on Monday, May 12th. StockNews.com started coverage on Chegg in a report on Thursday, April 17th. They issued a "hold" rating on the stock. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Chegg in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $1.70.

Chegg Company Profile

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.