NYSE:CHGG Chegg - CHGG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Chegg, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $15.43 -0.06 (-0.39%) (As of 03/23/2023 12:00 AM ET) Add Compare Share Share Today's Range$15.35▼$15.7850-Day Range$15.43▼$24.6252-Week Range$15.30▼$37.64Volume2.49 million shsAverage Volume2.99 million shsMarket Capitalization$1.95 billionP/E Ratio11.52Dividend YieldN/APrice Target$22.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Chegg MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside42.6% Upside$22.00 Price TargetShort InterestBearish12.79% of Float Sold ShortDividend StrengthN/ASustainability-0.54Upright™ Environmental ScoreNews Sentiment0.81Based on 6 Articles This WeekInsider TradingSelling Shares$793,053 Sold Last QuarterProj. Earnings Growth60.71%From $0.28 to $0.45 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.2.92 out of 5 starsComputer And Technology Sector46th out of 604 stocksEducational Services Industry2nd out of 23 stocks 4.1 Analyst's Opinion Consensus RatingChegg has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 9 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.00, Chegg has a forecasted upside of 42.6% from its current price of $15.43.Amount of Analyst CoverageChegg has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted12.79% of the float of Chegg has been sold short.Short Interest Ratio / Days to CoverChegg has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Chegg has recently increased by 85.28%, indicating that investor sentiment is decreasing 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 2.7 News and Social Media Coverage News SentimentChegg has a news sentiment score of 0.81. 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 0.35 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Chegg this week, compared to 5 articles on an average week.Search InterestOnly 24 people have searched for CHGG on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Chegg to their MarketBeat watchlist in the last 30 days. This is a decrease of -86% 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 $793,053.00 in company stock.Percentage Held by InsidersOnly 2.25% 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 60.71% in the coming year, from $0.28 to $0.45 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chegg is 11.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Chegg is 11.52, 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 388.13.Price to Earnings Growth RatioChegg has a PEG Ratio of 4.63. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioChegg has a P/B Ratio of 1.73. 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 HeadlinesMarch 23, 2023 | americanbankingnews.comChegg (NYSE:CHGG) Downgraded by StockNews.com to "Hold"March 18, 2023 | americanbankingnews.comChegg (NYSE:CHGG) Upgraded to Buy at StockNews.comMarch 23, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.March 13, 2023 | americanbankingnews.comBrokerages Set Chegg, Inc. (NYSE:CHGG) Price Target at $21.40March 6, 2023 | finance.yahoo.comIs the Options Market Predicting a Spike in Chegg (CHGG) Stock?February 24, 2023 | finance.yahoo.comChegg Adopts $150M Accelerated Share RepurchaseFebruary 24, 2023 | finance.yahoo.comChegg Announces New $150 Million Accelerated Share RepurchaseFebruary 24, 2023 | finance.yahoo.comChegg enters $150 million accelerated share repurchase agreement with JPMorgan and National AssociationMarch 23, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.February 10, 2023 | finance.yahoo.comWhy Chegg Stock Plunged 20% This WeekFebruary 8, 2023 | finance.yahoo.comChegg Full Year 2022 Earnings: EPS Misses ExpectationsFebruary 7, 2023 | cnbc.comStocks making the biggest moves midday: Chegg, Hertz and Oak Street HealthFebruary 7, 2023 | seekingalpha.comChegg: Buy On Dips For 2024 GrowthFebruary 7, 2023 | finance.yahoo.comThese Stocks Are Moving the Most Today: Bed Bath, Chegg, Oak Street, BP, and More Market MoversFebruary 7, 2023 | finance.yahoo.comChegg Stock Falls 24% on Weak Guidance. It Also Gets a Downgrade.February 6, 2023 | finance.yahoo.comChegg (CHGG) Q4 Earnings and Revenues Surpass EstimatesFebruary 6, 2023 | finance.yahoo.com‘ChatGPT is today’s hand calculator,’ this CEO saysFebruary 6, 2023 | seekingalpha.comChegg stock tumbles 20% on pessimistic 2023 outlookFebruary 6, 2023 | finance.yahoo.comChegg Deserves a C Grade at Best Ahead of EarningsJanuary 20, 2023 | finance.yahoo.comChegg CEO talks skills-based learning, the average college student age, and AI in educationJanuary 19, 2023 | finance.yahoo.comChegg Announces Inaugural Student Mental Health Week to Address Growing Student Anxiety in the Age of Covid and BeyondJanuary 19, 2023 | marketwatch.com: Chegg upgraded to overweight from sector weight at KeyBanc CapitalJanuary 18, 2023 | finance.yahoo.comChegg stock drops amid ChatGPT headwinds on education industryJanuary 18, 2023 | finance.yahoo.comChegg to Announce Fourth Quarter and Full Year 2022 Financial ResultsJanuary 12, 2023 | finance.yahoo.comBoasting A 28% Return On Equity, Is Chegg, Inc. (NYSE:CHGG) A Top Quality Stock?January 6, 2023 | finance.yahoo.com2 Tech Stocks That Could Bounce Back in 2023January 2, 2023 | seekingalpha.comChegg: Bullish With A Tailwind For Earnings In 2023See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Earnings2/06/2023Today3/23/2023Next Earnings (Estimated)5/01/2023Fiscal 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$22.00 High Stock Price Forecast$29.00 Low Stock Price Forecast$17.00 Forecasted Upside/Downside+41.9%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$1.34 Trailing P/E Ratio11.57 Forward P/E Ratio55.36 P/E Growth4.63Net Income$266.64 million Net Margins34.77% Pretax Margin13.55% Return on Equity6.41% Return on Assets2.39% Debt Debt-to-Equity Ratio1.06 Current Ratio8.24 Quick Ratio8.24 Sales & Book Value Annual Sales$766.90 million Price / Sales2.56 Cash Flow$1.27 per share Price / Cash Flow12.23 Book Value$8.90 per share Price / Book1.74Miscellaneous Outstanding Shares126,550,000Free Float123,705,000Market Cap$1.96 billion OptionableOptionable Beta1.13 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:ARCEFastlyNYSE:FSLYNetScout SystemsNASDAQ:NTCTNuScale PowerNYSE:SMRView All CompetitorsInsiders & InstitutionsEsther LemSold 5,700 sharesTotal: $96,102.00 ($16.86/share)Nathan J SchultzSold 4,041 sharesTotal: $63,201.24 ($15.64/share)Parallax Volatility Advisers L.P.Sold 18,400 shares on 2/27/2023Ownership: 0.000%NatixisSold 304,500 shares on 2/24/2023Ownership: 0.092%Truist Financial CorpSold 234,621 shares on 2/17/2023Ownership: 0.076%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 9 hold ratings and 3 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 1-year target prices for Chegg's shares. Their CHGG share price forecasts range from $17.00 to $29.00. On average, they expect the company's share price to reach $22.00 in the next year. This suggests a possible upside of 41.9% 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 on January 1st, 2023. Since then, CHGG shares have decreased by 38.7% and is now trading at $15.50. View the best growth stocks for 2023 here. Are investors shorting Chegg? Chegg saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 15,730,000 shares, an increase of 85.3% from the February 13th total of 8,490,000 shares. Based on an average daily volume of 2,510,000 shares, the short-interest ratio is presently 6.3 days. Currently, 12.8% of the shares of the company 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 Monday, May 1st 2023. View our CHGG earnings forecast. How were Chegg's earnings last quarter? Chegg, Inc. (NYSE:CHGG) issued its quarterly earnings data on Monday, February, 6th. The technology company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The technology company had revenue of $205.19 million for the quarter, compared to the consensus estimate of $202.10 million. Chegg had a trailing twelve-month return on equity of 6.41% and a net margin of 34.77%. Chegg's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter 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), First Trust Small Cap Growth AlphaDEX Fund (FYC), Nuveen ESG Small-Cap ETF (NUSC), Vanguard Russell 2000 Growth ETF (VTWG) and Global X Millennials Consumer ETF (MILN). What guidance has Chegg issued on next quarter's earnings? Chegg updated its first quarter 2023 earnings guidance on Monday, February, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $184.00 million-$186.00 million, compared to the consensus revenue estimate of $199.85 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. (14.17%), Sands Capital Management LLC (4.34%), Fred Alger Management LLC (2.61%), Clearbridge Investments LLC (2.12%), Artisan Partners Limited Partnership (2.04%) and Geode Capital Management LLC (1.77%). Insiders that own company stock include Daniel Rosensweig, Esther Lem, John E York, John Paul Fillmore, Marne L Levine, Nathan J Schultz, Paul Leblanc, Richard Sarnoff, 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 $15.50. How much money does Chegg make? Chegg (NYSE:CHGG) has a market capitalization of $1.96 billion and generates $766.90 million in revenue each year. The technology company earns $266.64 million in net income (profit) each year or $1.34 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 3/23/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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