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T   20.00 (-2.06%)
MU   62.80 (+2.05%)
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NYSE:CHGG

Chegg - CHGG Stock Forecast, Price & News

$20.31
+0.51 (+2.58%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$19.99
$20.41
50-Day Range
$19.80
$29.84
52-Week Range
$15.66
$37.64
Volume
2.77 million shs
Average Volume
2.56 million shs
Market Capitalization
$2.55 billion
P/E Ratio
13.72
Dividend Yield
N/A
Price Target
$26.18

Chegg MarketRank™ Forecast

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
28.9% Upside
$26.18 Price Target
Short Interest
Healthy
3.67% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
0.34mentions of Chegg in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$994,670 Sold Last Quarter
Proj. Earnings Growth
14.63%
From $0.41 to $0.47 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Computer And Technology Sector

34th out of 627 stocks

Educational Services Industry

1st out of 22 stocks


CHGG stock logo

About Chegg (NYSE:CHGG) Stock

Chegg, 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.

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CHGG Stock News Headlines

Chegg, Inc. (NYSE:CHGG) Given Average Rating of "Hold" by Analysts
Stocks News Announcement
Don't miss this update. Read the press release about Small Pharma.
Chegg (NYSE:CHGG) Upgraded to Overweight by KeyCorp
Stocks News Announcement
Don't miss this update. Read the press release about Small Pharma.
Chegg (NYSE:CHGG) Stock Rating Lowered by Needham & Company LLC
2 Tech Stocks That Could Bounce Back in 2023
Chegg: Bullish With A Tailwind For Earnings In 2023
Are Investors Undervaluing Chegg, Inc. (NYSE:CHGG) By 29%?
What Can We Learn From Chegg's Charts?
Chegg, Inc. (CHGG) Q3 2022 Earnings Call Transcript
Expert Ratings for Chegg
See More Headlines
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CHGG Company Calendar

Last Earnings
11/01/2022
Today
1/26/2023
Next Earnings (Confirmed)
2/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$26.18
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+28.9%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
13 Analysts

Profitability

Net Income
$-1,460,000.00
Pretax Margin
16.58%

Debt

Sales & Book Value

Annual Sales
$776.27 million
Cash Flow
$1.27 per share
Book Value
$7.64 per share

Miscellaneous

Free Float
122,654,000
Market Cap
$2.55 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • Dan RosensweigDan Rosensweig
    Co-Chairman, President & Chief Executive Officer
  • Nathan Schultz
    Chief Operating Officer
  • Andrew J. Brown
    Chief Financial Officer
  • David Longo
    Chief Accounting Officer, VP & Controller
  • Mitch Spolan
    Executive Vice President-Marketing Services













CHGG Stock - Frequently Asked Questions

Should I buy or sell Chegg stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 10 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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?

13 Wall Street analysts have issued 12-month target prices for Chegg's shares. Their CHGG share price forecasts range from $18.00 to $35.00. On average, they expect the company's share price to reach $26.18 in the next year. This suggests a possible upside of 30.2% 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 start of the year. Since then, CHGG shares have decreased by 20.4% and is now trading at $20.11.
View the best growth stocks for 2023 here
.

Are investors shorting Chegg?

Chegg saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 4,470,000 shares, a decrease of 8.4% from the December 31st total of 4,880,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the short-interest ratio is currently 2.6 days. Currently, 3.7% of the company's shares 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, February 6th 2023.
View our CHGG earnings forecast
.

How can I listen to Chegg's earnings call?

Chegg will be holding an earnings conference call on Monday, February 6th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "10021123".

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) released its quarterly earnings results on Tuesday, November, 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. The technology company earned $164.74 million during the quarter, compared to analyst estimates of $158.20 million. Chegg had a net margin of 37.58% and a trailing twelve-month return on equity of 7.19%.

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

Chegg updated its fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $200.00 million-$203.00 million, compared to the consensus revenue estimate of $204.82 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 investors include Baillie Gifford & Co. (14.29%), Assenagon Asset Management S.A. (0.61%), National Bank of Canada FI (0.33%), Strs Ohio (0.04%), Artemis Investment Management LLP (0.03%) and Bouvel Investment Partners LLC (0.02%). Insiders that own company stock include Andrew J Brown, Daniel Rosensweig, Dave Jr Borders, Esther Lem, John E York, John Paul Fillmore, Marne L Levine, Michael A Osier, 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 $20.11.

How much money does Chegg make?

Chegg (NYSE:CHGG) has a market capitalization of $2.52 billion and generates $776.27 million in revenue each year. The technology company earns $-1,460,000.00 in net income (profit) each year or $1.48 on an earnings per share basis.

How many employees does Chegg have?

The company 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.
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 1/26/2023 by MarketBeat.com Staff