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High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
BREAKING: Tiny biotech successfully treats blindness (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
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Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
The single greatest medical breakthrough of all time? (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
BREAKING: Tiny biotech successfully treats blindness (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
The single greatest medical breakthrough of all time? (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
BREAKING: Tiny biotech successfully treats blindness (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
The single greatest medical breakthrough of all time? (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
BREAKING: Tiny biotech successfully treats blindness (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
The single greatest medical breakthrough of all time? (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people

Chegg (CHGG) Stock Forecast, Price & News

$8.94
-0.03 (-0.33%)
(As of 09/22/2023 ET)
Compare
Today's Range
$8.82
$9.11
50-Day Range
$8.94
$10.64
52-Week Range
$8.55
$30.05
Volume
1.76 million shs
Average Volume
1.65 million shs
Market Capitalization
$1.03 billion
P/E Ratio
7.77
Dividend Yield
N/A
Price Target
$18.62

Chegg MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
108.2% Upside
$18.62 Price Target
Short Interest
Healthy
4.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$24,234 Sold Last Quarter
Proj. Earnings Growth
14.29%
From $0.28 to $0.32 Per Share

Overall MarketRank

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

2.81 out of 5 stars

Computer And Technology Sector

83rd out of 586 stocks

Educational Services Industry

1st out of 24 stocks


CHGG stock logo

About Chegg (NYSE:CHGG) Stock

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 Price History

CHGG Stock News Headlines

"This Could be the Biggest Stock Story of 2023"
A.I. is set to create $7 trillion in new wealth but most investors are buying the wrong stocks. Learn what Wall Street insiders are buying here.
20 Countries With Highest Cost of Education
You Ask Chegg Answers: Potential Top AI Investment
Chegg is coming out of the Freezer
The Real Reason They Murdered JFK?
Some people believe JFK was murdered because of his executive order 11110 that would have reduced the power of the Federal Reserve. Regardless if that’s true or not… The Fed is now involved in a new controversy that could have drastic consequences for the US dollar.
25 Most Illiterate States in America
Chegg jumps on repurchase plan
Chegg Shares Rally on Expanded Buyback Plan
Chegg (CHGG) Stock Gains 13% on Stock Repurchase Plan
Chegg Boosts Share Buyback By $200M
What's Going On With Chegg Stock Today?
Follow the Cash: Celsius, Chegg, Nelnet
1 Struggling Tech Stock to Buy in August and 1 to Avoid
See More Headlines
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CHGG Company Calendar

Last Earnings
8/07/2023
Today
9/24/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

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 Forecast
$18.62
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+108.2%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

Net Income
$266.64 million
Pretax Margin
18.52%

Debt

Sales & Book Value

Annual Sales
$766.90 million
Cash Flow
$1.30 per share
Book Value
$8.90 per share

Miscellaneous

Free Float
112,323,000
Market Cap
$1.03 billion
Optionable
Optionable
Beta
1.12

Social Links

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Key Executives

  • Mr. Daniel Lee RosensweigMr. Daniel Lee Rosensweig (Age 61)
    Co-Chairman, CEO & Pres
    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. John Paul Fillmore (Age 43)
    Advisor
    Comp: $710.95k
  • Mr. David Longo
    VP, Chief Accounting Officer, Corp. Controller & Assistant Treasurer
  • Ms. Tracey Ford
    VP of Investor Relations
  • Mr. Woodie Dixon Jr.
    Gen. Counsel & Corp. Sec.
  • Ms. Heather Hatlo Porter
    Chief Communications Officer
  • Ms. Debra Thompson
    Chief People Officer













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 year. 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 analysts have issued 12-month price targets for Chegg's shares. Their CHGG share price forecasts range from $11.00 to $29.00. On average, they expect the company's stock price to reach $18.62 in the next twelve months. 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 beginning of the year. Since then, CHGG shares have 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 during the month of 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 daily volume of 3,240,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 4.8% of the company's 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 data on Monday, August, 7th. The technology company reported $0.01 earnings per share 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 analysts' expectations of $176.19 million. Chegg had a trailing twelve-month return on equity of 2.48% and a net margin of 37.85%.

What guidance has Chegg issued on next quarter's earnings?

Chegg issued an update on its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share 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 variety 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.

This page (NYSE:CHGG) was last updated on 9/24/2023 by MarketBeat.com Staff

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