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Chegg Stock Price, News & Analysis (NYSE:CHGG)

$10.46
+0.46 (+4.60%)
(As of 01:27 PM ET)
Compare
Today's Range
$10.14
$10.64
50-Day Range
$7.50
$10.49
52-Week Range
$7.32
$28.99
Volume
889,339 shs
Average Volume
3.27 million shs
Market Capitalization
$1.21 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.82

Chegg MarketRank™ Stock Analysis

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
41.8% Upside
$14.82 Price Target
Short Interest
Bearish
17.08% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
-0.55mentions of Chegg in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$191,493 Sold Last Quarter
Proj. Earnings Growth
-13.33%
From $0.30 to $0.26 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Computer And Technology Sector

254th out of 590 stocks

Educational Services Industry

9th out of 24 stocks


CHGG stock logo

About Chegg Stock (NYSE:CHGG)

Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support learner with their academic course materials. The company offers Chegg Services, which include subscription services; and skills and other, including skills, advertising services, print textbooks, and eTextbooks. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; 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 Chegg Services product offerings, including Chegg Study, Chegg Writing, and Chegg Math services, which creates an integrated platform of connected academic support services; and Busuu, an online language learning solution that offers a comprehensive solution through a combination of self-paced lessons, live classes with expert tutors, and the ability to learn and practice with members of the Busuu language learning community. The company also provides skills-based learning platform that offers professional courses along with networking, interviewing, and career services; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.

CHGG Stock Price History

CHGG Stock News Headlines

20 Least Educated Cities in America
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Chegg (NYSE:CHGG) Shares Down 2.2%
Morgan Stanley Downgrades Chegg (CHGG)
Arm coverage, Chegg downgrade: Trending Tickers
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Why Chegg (CHGG) Shares Are Plunging Today
The Latest Analyst Ratings for Chegg
Investing Lesson: Value Drivers
Chegg Stock Spikes on Acceleratred Buyback Plan
Chegg Shares Spike on Acceleratred Buyback Plan
Chegg Adds 13% On Share Buyback News
12 Best Programming Languages for High School Students
See More Headlines
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Company Calendar

Last Earnings
10/30/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/05/2024

Industry, Sector and Symbol

Industry
Educational services
Sub-Industry
N/A
Fax
N/A
Employees
1,953
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$14.82
High Stock Price Target
$29.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+41.8%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$266.64 million
Pretax Margin
4.73%

Debt

Sales & Book Value

Annual Sales
$766.90 million
Cash Flow
$1.32 per share
Book Value
$8.90 per share

Miscellaneous

Free Float
112,804,000
Market Cap
$1.21 billion
Optionable
Optionable
Beta
1.28

Social Links

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Key Executives

  • Mr. Daniel Lee RosensweigMr. Daniel Lee Rosensweig (Age 61)
    Co-Chairman, CEO & President
    Comp: $1.09M
  • Mr. Andrew J. Brown (Age 63)
    Chief Financial Officer
    Comp: $818.45k
  • Mr. Nathan Schultz (Age 46)
    Chief Operating Officer
    Comp: $834.08k
  • Ms. Esther Lem (Age 67)
    Chief Marketing Officer
    Comp: $603.45k
  • Mr. David Longo
    VP, Chief Accounting Officer, Corporate Controller & Assistant Treasurer
  • Ms. Tracey Ford
    Vice President of Investor Relations
  • Mr. Woodie Dixon Jr.
    General Counsel & Corporate Secretary
  • Ms. Heather Hatlo Porter
    Chief Communications Officer
  • Ms. Debra Thompson
    Chief People Officer
  • Mr. Mitch Spolan
    Executive Vice President of Marketing Services














CHGG Stock Analysis - Frequently Asked Questions

Should I buy or sell Chegg stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CHGG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHGG, but not buy additional shares or sell existing shares.
View CHGG analyst ratings
or view top-rated stocks.

What is Chegg's stock price target for 2024?

11 Wall Street research analysts have issued twelve-month price objectives for Chegg's stock. Their CHGG share price targets range from $9.00 to $29.00. On average, they anticipate the company's share price to reach $14.82 in the next year. This suggests a possible upside of 41.8% 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 2023?

Chegg's stock was trading at $25.27 on January 1st, 2023. Since then, CHGG stock has decreased by 58.6% and is now trading at $10.45.
View the best growth stocks for 2023 here
.

Are investors shorting Chegg?

Chegg saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 19,080,000 shares, an increase of 150.1% from the October 31st total of 7,630,000 shares. Based on an average daily volume of 2,340,000 shares, the days-to-cover ratio is presently 8.2 days. Currently, 17.1% of the company's shares 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, February 5th 2024.
View our CHGG earnings forecast
.

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) issued its quarterly earnings data on Monday, October, 30th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by $0.06. The technology company had revenue of $157.85 million for the quarter, compared to the consensus estimate of $152.03 million. Chegg had a trailing twelve-month return on equity of 2.02% and a net margin of 1.41%.

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 a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (8.56%), Sands Capital Management LLC (4.13%), Jacobs Levy Equity Management Inc. (2.30%), Northern Trust Corp (1.09%), Charles Schwab Investment Management Inc. (0.78%) and AQR Capital Management LLC (0.60%). Insiders that own company stock include Andrew J Brown, Daniel Rosensweig, Esther Lem, John Paul Fillmore, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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.
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This page (NYSE:CHGG) was last updated on 12/6/2023 by MarketBeat.com Staff

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