S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:CHGG

Chegg (CHGG) Stock Forecast, Price & News

$18.60
-0.64 (-3.33%)
(As of 05/20/2022 07:00 PM ET)
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Today's Range
$18.16
$19.53
50-Day Range
$16.46
$37.03
52-Week Range
$15.66
$90.50
Volume
2.16 million shs
Average Volume
4.11 million shs
Market Capitalization
$2.34 billion
P/E Ratio
42.27
Dividend Yield
N/A
Beta
1.11
30 days | 90 days | 365 days | Advanced Chart
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Chegg logo

About Chegg

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 and help them better understand their academic course materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its 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 Solver services, which creates an integrated platform of connected academic support services; 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; and Thinkful, a skills-based learning platform that offers professional courses along with networking, interviewing, and career services. The company also provides other services, such as Chegg Life, Chegg Prep, and Chegg Internships; provides personal and professional development skills training; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.

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Industry, Sector and Symbol

Industry
Educational services
Sub-Industry
N/A
Fax
N/A
Employees
1,736
Year Founded
2005

Sales & Book Value

Annual Sales
$776.27 million
Cash Flow
$1.24 per share
Book Value
$6.42 per share

Profitability

Net Income
$-1.46 million
Pretax Margin
10.01%

Debt

Price-To-Earnings

Miscellaneous

Free Float
123,062,000
Market Cap
$2.34 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/02/2022
Today
5/22/2022
Next Earnings (Estimated)
8/08/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

1.95 out of 5 stars

Computer And Technology Sector

459th out of 919 stocks

Educational Services Industry

18th out of 46 stocks

Analyst Opinion: 3.1Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -













Chegg (NYSE:CHGG) Frequently Asked Questions

Is Chegg a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last twelve months. There are currently 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Chegg stock. 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 analyst ratings for Chegg
or view top-rated stocks.

Are investors shorting Chegg?

Chegg saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 5,640,000 shares, a drop of 15.8% from the April 15th total of 6,700,000 shares. Based on an average daily volume of 4,200,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 4.6% of the company's stock are sold short.
View Chegg's Short Interest
.

When is Chegg's next earnings date?

Chegg is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for Chegg
.

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) posted its quarterly earnings results on Monday, May, 2nd. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.08. Chegg had a trailing twelve-month return on equity of 8.71% and a net margin of 8.90%. During the same period in the previous year, the firm posted $0.13 earnings per share.
View Chegg's earnings history
.

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

Chegg updated its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $188.00 million-$192.00 million, compared to the consensus revenue estimate of $209.29 million.

What price target have analysts set for CHGG?

13 Wall Street analysts have issued twelve-month price targets for Chegg's stock. Their forecasts range from $18.00 to $120.00. On average, they expect Chegg's stock price to reach $40.20 in the next year. This suggests a possible upside of 116.1% from the stock's current price.
View analysts' price targets for Chegg
or view top-rated stocks among Wall Street analysts.

Who are Chegg's key executives?
Chegg's management team includes the following people:
  • Mr. Daniel Lee Rosensweig, Co-Chairman, CEO & Pres (Age 60, Pay $1.01M)
  • Mr. Andrew J. Brown, Chief Financial Officer (Age 62, Pay $756.5k)
  • Ms. Esther Lem, Chief Marketing Officer (Age 66, Pay $556.5k)
  • Mr. Nathan Schultz, Pres of Learning Services (Age 45, Pay $754.88k)
  • Mr. John Paul Fillmore, Pres of Chegg Skills (Age 42, Pay $654.88k)
  • 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
What is Dan Rosensweig's approval rating as Chegg's CEO?

382 employees have rated Chegg CEO Dan Rosensweig on Glassdoor.com. Dan Rosensweig has an approval rating of 91% among Chegg'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), Square (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 many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (14.73%), Vanguard Group Inc. (9.28%), Wellington Management Group LLP (4.06%), Sands Capital Management LLC (3.42%), Capital Research Global Investors (3.31%) and Clearbridge Investments LLC (2.09%). Company insiders that own Chegg 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 for Chegg
.

Which major investors are selling Chegg stock?

CHGG stock was sold by a variety of institutional investors in the last quarter, including Fir Tree Capital Management LP, Wellington Management Group LLP, Vanguard Group Inc., Assenagon Asset Management S.A., Baillie Gifford & Co., DekaBank Deutsche Girozentrale, Primecap Management Co. CA, and IMC Chicago LLC.
View insider buying and selling activity for Chegg
or view top insider-selling stocks.

Which major investors are buying Chegg stock?

CHGG stock was purchased by a variety of institutional investors in the last quarter, including Granahan Investment Management LLC, Skandinaviska Enskilda Banken AB publ , PEAK6 Investments LLC, Lord Abbett & CO. LLC, Sands Capital Management LLC, Renaissance Technologies LLC, American Century Companies Inc., and Goldman Sachs Group Inc.. Company insiders that have bought Chegg stock in the last two years include Daniel Rosensweig, Paul Leblanc, and Ted Schlein.
View insider buying and selling activity for Chegg
or or view top insider-buying stocks.

How do I buy shares of Chegg?

Shares of CHGG 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 $18.60.

How much money does Chegg make?

Chegg has a market capitalization of $2.34 billion and generates $776.27 million in revenue each year. The technology company earns $-1.46 million in net income (profit) each year or $0.439990 on an earnings per share basis.

How many employees does Chegg have?

Chegg employs 1,736 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.

When was Chegg founded?

Chegg was founded in 2005.

What is Chegg's official website?

The official website for Chegg is www.chegg.com.

How can I contact Chegg?

Chegg's mailing address is 3990 FREEDOM CIRCLE, SANTA CLARA CA, 95054. The technology company can be reached via phone at (408) 855-5700 or via email at [email protected].

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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