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BABA   72.00 (-3.51%)
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Chegg (CHGG) Stock Price, News & Analysis

$8.86
-0.18 (-1.99%)
(As of 03/4/2024 ET)
Today's Range
$8.76
$9.14
50-Day Range
$8.55
$11.41
52-Week Range
$7.32
$18.77
Volume
1.91 million shs
Average Volume
3.12 million shs
Market Capitalization
$912.14 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.22

Chegg MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.70 Rating Score
Upside/​Downside
15.4% Upside
$10.22 Price Target
Short Interest
Bearish
17.39% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
1.02mentions of Chegg in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$20,435 Sold Last Quarter
Proj. Earnings Growth
33.33%
From $0.24 to $0.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.28 out of 5 stars

Computer And Technology Sector

99th out of 597 stocks

Educational Services Industry

4th out of 22 stocks


CHGG stock logo

About Chegg Stock (NYSE:CHGG)

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. The company also provides a skills-based learning platform to learn technical skills comprising AI, coding, data analytics, and cybersecurity, as well as competencies consisting of emotional intelligence, mindset, emerging leadership, and decision making. In addition, it rents and sells print textbooks and eTextbooks; and offers advertising services. The company serves students and companies through direct marketing channels and social media. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.

CHGG Stock Price History

CHGG Stock News Headlines

The 3 Most Undervalued Education Stocks to Buy Now
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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CHGG Mar 2024 5.000 put
CHGG Mar 2024 10.000 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
CHGG Mar 2024 8.000 call
3 Solid Internet Buys to Secure Your Portfolio
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25 Most Spoken Native Languages in the World
KeyBanc Keeps Their Hold Rating on Chegg (CHGG)
The Steep Learning Curve Chegg Is Trying To Climb
Why Chegg (CHGG) Stock Is Down Today
Chegg, Inc. (NYSE:CHGG) Q4 2023 Earnings Call Transcript
Chegg Names David Longo as Next Finance Chief
Chegg: Q4 Earnings Insights
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
3/04/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Educational services
Sub-Industry
N/A
Fax
N/A
Employees
1,979
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$10.22
High Stock Price Target
$18.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+15.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.70
Research Coverage
10 Analysts

Profitability

Net Income
$18.18 million
Pretax Margin
7.02%

Debt

Sales & Book Value

Annual Sales
$716.29 million
Cash Flow
$1.33 per share
Book Value
$8.16 per share

Miscellaneous

Free Float
100,272,000
Market Cap
$912.14 million
Optionable
Optionable
Beta
1.28

Social Links

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Key Executives

  • Mr. Daniel Lee RosensweigMr. Daniel Lee Rosensweig (Age 62)
    Co-Chairman, CEO & President
    Comp: $1.09M
  • Mr. Nathan Schultz (Age 47)
    Chief Operating Officer
    Comp: $834.08k
  • Ms. Esther Lem (Age 68)
    Chief Marketing Officer
    Comp: $603.45k
  • Mr. David Longo (Age 56)
    CFO, Principal Financial Officer, Treasurer, Controller & Chief Accounting Officer
  • 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
  • Ms. Lauren Glotzer
    Chief Strategy Officer














CHGG Stock Analysis - Frequently Asked Questions

Should I buy or sell Chegg stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last twelve months. There are currently 4 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" CHGG shares.
View CHGG analyst ratings
or view top-rated stocks.

What is Chegg's stock price target for 2024?

10 brokers have issued 12-month price targets for Chegg's stock. Their CHGG share price targets range from $7.00 to $18.00. On average, they anticipate the company's share price to reach $10.22 in the next year. This suggests a possible upside of 15.4% 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 2024?

Chegg's stock was trading at $11.36 on January 1st, 2024. Since then, CHGG shares have decreased by 22.0% and is now trading at $8.86.
View the best growth stocks for 2024 here
.

Are investors shorting Chegg?

Chegg saw a increase in short interest in February. As of February 15th, there was short interest totaling 17,280,000 shares, an increase of 9.6% from the January 31st total of 15,770,000 shares. Based on an average daily volume of 2,740,000 shares, the short-interest ratio is currently 6.3 days. Currently, 17.4% 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 Monday, May 6th 2024.
View our CHGG earnings forecast
.

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) issued its quarterly earnings data on Monday, February, 5th. The technology company reported $0.36 EPS for the quarter, meeting analysts' consensus estimates of $0.36. The technology company earned $187.99 million during the quarter, compared to analyst estimates of $185.94 million. Chegg had a trailing twelve-month return on equity of 1.27% and a net margin of 2.54%. Chegg's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS.

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

Chegg updated its first quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $173.0 million-$175.0 million, compared to the consensus revenue estimate of $180.3 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).

Who are Chegg's major shareholders?

Chegg's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.04%), Sylebra Capital LLC (8.13%), Baillie Gifford & Co. (4.04%), Dimensional Fund Advisors LP (2.29%), Voloridge Investment Management LLC (1.48%) and Federated Hermes Inc. (1.08%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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.
Read More
This page (NYSE:CHGG) was last updated on 3/4/2024 by MarketBeat.com Staff