NYSE:CHGG Chegg (CHGG) Stock Forecast, Price & News $10.36 +0.22 (+2.17%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$10.02▼$10.4450-Day Range$8.98▼$18.6052-Week Range$8.72▼$30.05Volume3.69 million shsAverage Volume3.96 million shsMarket Capitalization$1.24 billionP/E Ratio7.85Dividend YieldN/APrice Target$18.77 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Chegg MarketRank™ ForecastAnalyst RatingHold2.17 Rating ScoreUpside/Downside81.2% Upside$18.77 Price TargetShort InterestHealthy7.91% of Float Sold ShortDividend StrengthN/ASustainability-0.54Upright™ Environmental ScoreNews Sentiment0.49Based on 7 Articles This WeekInsider TradingSelling Shares$7,820 Sold Last QuarterProj. Earnings Growth433.33%From $0.03 to $0.16 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.3.14 out of 5 starsComputer And Technology Sector6th out of 598 stocksEducational Services Industry1st out of 22 stocks 4.1 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 $18.77, Chegg has a forecasted upside of 81.2% from its current price of $10.36.Amount of Analyst CoverageChegg has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted7.91% of the float of Chegg has been sold short.Short Interest Ratio / Days to CoverChegg has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Chegg has recently decreased by 10.61%, indicating that investor sentiment is improving 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 0.49. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 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 -93% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Chegg to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 $7,820.00 in company stock.Percentage Held by InsidersOnly 2.60% of the stock of Chegg is held by insiders.Percentage Held by Institutions92.88% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Chegg are expected to grow by 433.33% in the coming year, from $0.03 to $0.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chegg is 7.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.50.Price to Earnings Ratio vs. SectorThe P/E ratio of Chegg is 7.85, 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 365.66.Price to Earnings Growth RatioChegg has a PEG Ratio of 23.91. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioChegg has a P/B Ratio of 1.16. 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 a learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format, access to online homework help and textbook solutions, course organization and scheduling, college and university matching tools and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.Read More 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 Stock News HeadlinesMay 15, 2023 | marketbeat.comNasdaq 100 Hits 2023 Highs As Google, Amazon Join The Tech Rally (CHGG)The Nasdaq 100 index hit new 2023 highs, boosted by AI news from Alphabet, as other top components, including Microsoft, Nvidia and Apple took a breather.May 9, 2023 | marketbeat.comWill ChatGPT Be the Final Nail in the Coffin for Chegg?Personalized online student learning platform provider Chegg Inc. (NYSE: CHGG) shares were crushed as it warned that growing ChatGPT usage was hurting its bJune 9, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>June 8, 2023 | finance.yahoo.comChegg Wins 2023 EdTech Breakthrough Award for "Enhanced Curriculum Solution Provider of the Year"June 7, 2023 | msn.com4 big analyst cuts: Dollar General hit with two more downgradesJune 3, 2023 | finance.yahoo.comAre Investors Undervaluing Chegg, Inc. (NYSE:CHGG) By 48%?May 30, 2023 | finance.yahoo.comEdtech groups insist AI is friend not foe despite warningsMay 29, 2023 | americanbankingnews.comChegg, Inc. (NYSE:CHGG) Receives Consensus Rating of "Hold" from BrokeragesJune 9, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 26, 2023 | fool.comChegg (NYSE: CHGG)May 26, 2023 | finance.yahoo.comVC Giants Accel, Sequoia Scour Portfolio Startups for AI RiskMay 24, 2023 | msn.comUnusual Put Option Trade in Chegg (CHGG) Worth $545.40KMay 24, 2023 | finance.yahoo.com30 Colleges With the Highest Acceptance RatesMay 21, 2023 | americanbankingnews.comChegg (NYSE:CHGG) Research Coverage Started at StockNews.comMay 19, 2023 | finance.yahoo.comChegg (CHGG) Fell on Disappointing EarningsMay 17, 2023 | investopedia.comChegg Shares Plunge After Company Warns That ChatGPT Is Impacting GrowthMay 14, 2023 | finance.yahoo.comChegg stock sinks after CEO says ChatGPT hurt growthMay 13, 2023 | finance.yahoo.com30 Colleges With the Lowest Acceptance RatesMay 11, 2023 | finance.yahoo.comCould AI Be the Death of Chegg Stock?May 8, 2023 | finance.yahoo.comChegg vs. ChatGPT: How Generative AI Affects Education StocksMay 8, 2023 | marketwatch.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Chegg, Inc. - CHGGMay 8, 2023 | finance.yahoo.comUS debt ceiling deadline loomsMay 7, 2023 | americanbankingnews.comChegg, Inc. (NYSE:CHGG) to Post Q2 2023 Earnings of ($0.01) Per Share, William Blair ForecastsMay 5, 2023 | finance.yahoo.comLacklustre Performance Is Driving Chegg, Inc.'s (NYSE:CHGG) 42% Price DropMay 5, 2023 | americanbankingnews.comChegg (NYSE:CHGG) Shares Gap Up to $9.08May 5, 2023 | americanbankingnews.comChegg, Inc. to Post Q2 2023 Earnings of $0.03 Per Share, Barrington Research Forecasts (NYSE:CHGG)May 5, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Chegg, Inc. Reduced by Northland Capmk (NYSE:CHGG)See More Headlines CHGG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CHGG Company Calendar Last Earnings2/06/2023Today6/08/2023Next Earnings (Estimated)8/03/2023Fiscal 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$18.77 High Stock Price Forecast$29.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+81.2%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$1.32 Trailing P/E Ratio7.85 Forward P/E Ratio345.33 P/E Growth23.91Net Income$266.64 million Net Margins34.97% Pretax Margin13.34% Return on Equity4.82% Return on Assets1.95% Debt Debt-to-Equity Ratio1.18 Current Ratio4.56 Quick Ratio4.56 Sales & Book Value Annual Sales$766.90 million Price / Sales1.62 Cash Flow$1.34 per share Price / Cash Flow7.76 Book Value$8.90 per share Price / Book1.16Miscellaneous Outstanding Shares119,720,000Free Float116,603,000Market Cap$1.24 billion OptionableOptionable Beta1.15 Social Links Key ExecutivesDan RosensweigCo-Chairman, President & Chief Executive OfficerNathan SchultzChief Operating OfficerAndrew J. BrownChief Financial OfficerDavid LongoChief Accounting Officer, VP & ControllerGirish KrishnaswamyChief Business OfficerKey CompetitorsUdemyNASDAQ:UDMYArco PlatformNASDAQ:ARCEAehr Test SystemsNASDAQ:AEHRUpworkNASDAQ:UPWKTuyaNYSE:TUYAView All CompetitorsInsiders & InstitutionsNathan J SchultzSold 818 sharesTotal: $7,820.08 ($9.56/share)ProShare Advisors LLCSold 1,611 shares on 5/26/2023Ownership: 0.012%Ameriprise Financial Inc.Sold 1,141,823 shares on 5/22/2023Ownership: 0.054%AM Squared LtdBought 2,900 shares on 5/17/2023Ownership: 0.002%Fred Alger Management LLCSold 78,750 shares on 5/16/2023Ownership: 2.674%View All Insider TransactionsView All Institutional Transactions CHGG Stock - Frequently Asked Questions Should I buy or sell Chegg stock right now? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1-year price objectives for Chegg's shares. Their CHGG share price forecasts range from $11.00 to $29.00. On average, they expect the company's share price to reach $18.77 in the next year. This suggests a possible upside of 81.2% 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 59.0% and is now trading at $10.36. View the best growth stocks for 2023 here. Are investors shorting Chegg? Chegg saw a drop in short interest in May. As of May 15th, there was short interest totaling 9,180,000 shares, a drop of 10.6% from the April 30th total of 10,270,000 shares. Based on an average daily trading volume, of 4,440,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 7.9% of the company's stock 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 Thursday, August 3rd 2023. View our CHGG earnings forecast. How were Chegg's earnings last quarter? Chegg, Inc. (NYSE:CHGG) announced its quarterly earnings data on Monday, February, 6th. The technology company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The technology company earned $205.19 million during the quarter, compared to analyst estimates of $202.10 million. Chegg had a net margin of 34.97% and a trailing twelve-month return on equity of 4.82%. The business's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. What ETFs hold Chegg's stock? ETFs with the largest weight of Chegg (NYSE:CHGG) stock in their portfolio include Global X Education ETF (EDUT), Amplify Online Retail ETF (IBUY), iShares Virtual Work and Life Multisector ETF (IWFH), WisdomTree Growth Leaders Fund (PLAT), RiverFront Dynamic US Flex-Cap ETF (RFFC), First Trust Small Cap Growth AlphaDEX Fund (FYC), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and Nuveen ESG Small-Cap ETF (NUSC). What guidance has Chegg issued on next quarter's earnings? Chegg updated its second quarter 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $175.00 million-$178.00 million, compared to the consensus revenue estimate of $193.64 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 variety of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (11.25%), Sands Capital Management LLC (6.46%), Sylebra Capital Ltd (3.06%), Fred Alger Management LLC (2.67%), Dimensional Fund Advisors LP (2.46%) and Clearbridge Investments LLC (2.41%). 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 $10.36. How much money does Chegg make? Chegg (NYSE:CHGG) has a market capitalization of $1.24 billion and generates $766.90 million in revenue each year. The technology company earns $266.64 million in net income (profit) each year or $1.32 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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