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

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.
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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.
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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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
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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%.

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).

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.

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).

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.
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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.
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