Lowest-Rated StocksLowest-RatedNYSE:CHGG Chegg (CHGG) Stock Forecast, Price & News $8.94 -0.03 (-0.33%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$8.82▼$9.1150-Day Range$8.94▼$10.6452-Week Range$8.55▼$30.05Volume1.76 million shsAverage Volume1.65 million shsMarket Capitalization$1.03 billionP/E Ratio7.77Dividend YieldN/APrice Target$18.62 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Chegg MarketRank™ ForecastAnalyst RatingHold2.17 Rating ScoreUpside/Downside108.2% Upside$18.62 Price TargetShort InterestHealthy4.80% of Float Sold ShortDividend StrengthN/ASustainability-0.54Upright™ Environmental ScoreNews SentimentN/AInsider TradingSelling Shares$24,234 Sold Last QuarterProj. Earnings Growth14.29%From $0.28 to $0.32 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.80 out of 5 starsComputer And Technology Sector82nd out of 586 stocksEducational Services Industry2nd out of 24 stocks 3.1 Analyst's Opinion Consensus RatingChegg has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 10 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.62, Chegg has a forecasted upside of 108.2% from its current price of $8.94.Amount of Analyst CoverageChegg has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.80% of the float of Chegg has been sold short.Short Interest Ratio / Days to CoverChegg has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Chegg has recently decreased by 0.19%, indicating that investor sentiment is improving. 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 2.8 News and Social Media Coverage News SentimentChegg has a news sentiment score of 1.02. 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 higher news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Chegg this week, compared to 5 articles on an average week.Search InterestOnly 3 people have searched for CHGG on MarketBeat in the last 30 days. This is a decrease of -89% compared to the previous 30 days.MarketBeat Follows6 people have added Chegg to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Chegg insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,234.00 in company stock.Percentage Held by InsidersOnly 2.60% of the stock of Chegg is held by insiders.Percentage Held by Institutions97.15% of the stock of Chegg is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Chegg are expected to grow by 14.29% in the coming year, from $0.28 to $0.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chegg is 7.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.88.Price to Earnings Ratio vs. SectorThe P/E ratio of Chegg is 7.77, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 229.07.Price to Earnings Growth RatioChegg has a PEG Ratio of 2.61. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioChegg has a P/B Ratio of 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Chegg (NYSE:CHGG) StockChegg, 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.Read More CHGG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CHGG Stock News HeadlinesSeptember 15, 2023 | msn.comEnhancing Employability: Chegg India's Role In Skill DevelopmentSeptember 15, 2023 | finance.yahoo.comInsider Sell: Chegg Inc's COO Nathan Schultz Sells 1,547 SharesSeptember 24, 2023 | Legacy Research (Ad)WARNING: Mandatory U.S. Dollar Recall is Weeks AwayIf you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.September 14, 2023 | stocknews.com3 High-Quality Internet Stocks to Keep Track of in SeptemberSeptember 8, 2023 | finance.yahoo.com20 Countries With Highest Cost of EducationSeptember 8, 2023 | seekingalpha.comYou Ask Chegg Answers: Potential Top AI InvestmentSeptember 6, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Chegg (CHGG) and Tower (TSEM)September 4, 2023 | finance.yahoo.comChegg is coming out of the FreezerSeptember 24, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.September 3, 2023 | finance.yahoo.com25 Most Illiterate States in AmericaAugust 30, 2023 | finance.yahoo.comHere’s Why Artisan Partners Small Cap Fund Decided to Exit Chegg (CHGG)August 18, 2023 | msn.comChegg’s (NYSE:CHGG) Buyback Boost a Hit With InvestorsAugust 17, 2023 | msn.comChegg jumps on repurchase planAugust 17, 2023 | finance.yahoo.comChegg rises after edtech's board approves $200 million increase in share buybacksAugust 17, 2023 | finance.yahoo.comChegg Shares Rally on Expanded Buyback PlanAugust 17, 2023 | investorplace.comChegg (CHGG) Stock Gains 13% on Stock Repurchase PlanAugust 17, 2023 | markets.businessinsider.comChegg Boosts Share Buyback By $200MAugust 17, 2023 | benzinga.comWhat's Going On With Chegg Stock Today?August 16, 2023 | finance.yahoo.comChegg Announces Increased Authorization of Securities Repurchase Program by $200 millionAugust 15, 2023 | finance.yahoo.comFollow the Cash: Celsius, Chegg, NelnetAugust 14, 2023 | finance.yahoo.comWith 86% institutional ownership, Chegg, Inc. (NYSE:CHGG) is a favorite amongst the big gunsAugust 11, 2023 | finance.yahoo.comNFL Team CEO sued for making over $1 million through insider tradingAugust 11, 2023 | finance.yahoo.com1 Struggling Tech Stock to Buy in August and 1 to AvoidAugust 11, 2023 | bizjournals.com49ers CEO Jed York is facing accusations of insider trading as a director of CheggAugust 11, 2023 | finance.yahoo.com49ers CEO Jed York is being sued over insider trading accusationsAugust 10, 2023 | finance.yahoo.comWall Street Analysts See a 58.84% Upside in Chegg (CHGG): Can the Stock Really Move This High?August 10, 2023 | msn.comDow futures steady, Chegg surges 23.9% after earningsSee 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 CHGG Company Calendar Last Earnings8/07/2023Today9/24/2023Next Earnings (Estimated)11/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Educational services Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:CHGG CUSIPN/A CIK1364954 Webwww.chegg.com Phone(408) 855-5700FaxN/AEmployees1,953Year Founded2005Price Target and Rating Average Stock Price Forecast$18.62 High Stock Price Forecast$29.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+108.2%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$1.15 Trailing P/E Ratio7.77 Forward P/E Ratio31.93 P/E Growth2.62Net Income$266.64 million Net Margins37.85% Pretax Margin18.52% Return on Equity2.48% Return on Assets1.14% Debt Debt-to-Equity Ratio0.74 Current Ratio3.13 Quick Ratio3.13 Sales & Book Value Annual Sales$766.90 million Price / Sales1.34 Cash Flow$1.29 per share Price / Cash Flow6.92 Book Value$8.90 per share Price / Book1.00Miscellaneous Outstanding Shares115,320,000Free Float112,323,000Market Cap$1.03 billion OptionableOptionable Beta1.12 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Daniel Lee Rosensweig (Age 61)Co-Chairman, CEO & Pres Comp: $1.09MMr. Andrew J. Brown (Age 63)Chief Financial Officer Comp: $818.45kMr. Nathan Schultz (Age 46)Chief Operating Officer Comp: $834.08kMs. Esther Lem (Age 67)Chief Marketing Officer Comp: $603.45kMr. John Paul Fillmore (Age 43)Advisor Comp: $710.95kMr. David LongoVP, Chief Accounting Officer, Corp. Controller & Assistant TreasurerMs. Tracey FordVP of Investor RelationsMr. Woodie Dixon Jr.Gen. Counsel & Corp. Sec.Ms. Heather Hatlo PorterChief Communications OfficerMs. Debra ThompsonChief People OfficerMore ExecutivesKey CompetitorsArco PlatformNASDAQ:ARCEUdemyNASDAQ:UDMYA10 NetworksNYSE:ATENFormula Systems (1985)NASDAQ:FORTYHarmonicNASDAQ:HLITView All CompetitorsInsiders & InstitutionsBarclays PLCBought 80,000 shares on 9/21/2023Ownership: 0.000%Nathan J SchultzSold 1,547 sharesTotal: $15,562.82 ($10.06/share)Nathan J SchultzSold 818 sharesTotal: $8,670.80 ($10.60/share)Wolverine Trading LLCSold 68,200 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 39,500 shares on 8/22/2023Ownership: 0.034%View All Insider TransactionsView All Institutional Transactions CHGG Stock - Frequently Asked Questions Should I buy or sell Chegg stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last twelve months. There are currently 10 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 forecast for 2023? 12 Wall Street research analysts have issued 12 month price objectives for Chegg's stock. Their CHGG share price forecasts range from $11.00 to $29.00. On average, they predict the company's share price to reach $18.62 in the next year. This suggests a possible upside of 108.2% 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 at the start of the year. Since then, CHGG stock has decreased by 64.6% and is now trading at $8.94. View the best growth stocks for 2023 here. Are investors shorting Chegg? Chegg saw a decrease in short interest in August. As of August 15th, there was short interest totaling 5,360,000 shares, a decrease of 11.0% from the July 31st total of 6,020,000 shares. Based on an average trading volume of 3,240,000 shares, the short-interest ratio is currently 1.7 days. Approximately 4.8% of the shares of the stock are short sold. View Chegg's Short Interest. When is Chegg's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023. View our CHGG earnings forecast. How were Chegg's earnings last quarter? Chegg, Inc. (NYSE:CHGG) announced its quarterly earnings results on Monday, August, 7th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.01. The technology company had revenue of $182.85 million for the quarter, compared to the consensus estimate of $176.19 million. Chegg had a trailing twelve-month return on equity of 2.48% and a net margin of 37.85%. What ETFs hold Chegg's stock? ETFs with the largest weight of Chegg (NYSE:CHGG) stock in their portfolio include Amplify Online Retail ETF (IBUY), Global X Education ETF (EDUT), Harbor Corporate Culture Small Cap ETF (HAPS), iShares Virtual Work and Life Multisector ETF (IWFH) and First Trust Small Cap Value AlphaDEX Fund (FYT).First Trust Small Cap Core AlphaDEX Fund (FYX). What guidance has Chegg issued on next quarter's earnings? Chegg updated its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $151.00 million-$153.00 million, compared to the consensus revenue estimate of $152.37 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). What is Chegg's stock symbol? Chegg trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHGG." Who are Chegg's major shareholders? Chegg's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (8.91%), Sylebra Capital Ltd (7.78%), Sands Capital Management LLC (6.57%), Geode Capital Management LLC (2.01%), Dimensional Fund Advisors LP (1.78%) and Burgundy Asset Management Ltd. (1.53%). Insiders that own company stock include Daniel Rosensweig, Esther Lem, John E York, John Paul Fillmore, Nathan J Schultz, Paul Leblanc, Robin Tomasello 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. What is Chegg's stock price today? One share of CHGG stock can currently be purchased for approximately $8.94. How much money does Chegg make? Chegg (NYSE:CHGG) has a market capitalization of $1.03 billion and generates $766.90 million in revenue each year. The technology company earns $266.64 million in net income (profit) each year or $1.15 on an earnings per share basis. How many employees does Chegg have? The company employs 1,953 workers across the globe. 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 How can I contact Chegg? Chegg's mailing address is 3990 FREEDOM CIRCLE, SANTA CLARA CA, 95054. The official website for the company is www.chegg.com. The technology company can be reached via phone at (408) 855-5700 or via email at ir@chegg.com. 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