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S&P 500   3,957.63
DOW   33,852.53
QQQ   280.57
Three Reasons It’s Time To Get Bullish On Organigram
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
The AP Interview: IMF head urges China to end mass lockdowns
Survivor of Virginia Walmart mass shooting files $50M suit
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
Can I Apply for Supplemental Security Income Online?
US stocks edge lower in unsteady trading, oil prices rise
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
Why Investors Are Eating Up Restaurant Brands International
Opportunity Strikes! Hibbett, Inc Falls Flat On Strong Results
S&P 500   3,957.63
DOW   33,852.53
QQQ   280.57
Three Reasons It’s Time To Get Bullish On Organigram
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
The AP Interview: IMF head urges China to end mass lockdowns
Survivor of Virginia Walmart mass shooting files $50M suit
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
Can I Apply for Supplemental Security Income Online?
US stocks edge lower in unsteady trading, oil prices rise
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
Why Investors Are Eating Up Restaurant Brands International
Opportunity Strikes! Hibbett, Inc Falls Flat On Strong Results
S&P 500   3,957.63
DOW   33,852.53
QQQ   280.57
Three Reasons It’s Time To Get Bullish On Organigram
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
The AP Interview: IMF head urges China to end mass lockdowns
Survivor of Virginia Walmart mass shooting files $50M suit
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
Can I Apply for Supplemental Security Income Online?
US stocks edge lower in unsteady trading, oil prices rise
Reclusive trader scores 20 straight years of winning trades. Learn how (Ad)
Why Investors Are Eating Up Restaurant Brands International
Opportunity Strikes! Hibbett, Inc Falls Flat On Strong Results
NYSE:CHGG

Chegg - CHGG Stock Forecast, Price & News

$28.11
-0.30 (-1.06%)
(As of 11/29/2022 12:00 AM ET)
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Compare
Today's Range
$27.91
$28.72
50-Day Range
$18.95
$28.90
52-Week Range
$15.66
$37.64
Volume
911,956 shs
Average Volume
2.87 million shs
Market Capitalization
$3.53 billion
P/E Ratio
18.99
Dividend Yield
N/A
Price Target
$29.00

Chegg MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
3.2% Upside
$29.00 Price Target
Short Interest
Healthy
3.84% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$360,920 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.

2.52 out of 5 stars

Computer And Technology Sector

195th out of 632 stocks

Educational Services Industry

6th out of 22 stocks

CHGG stock logo

About Chegg (NYSE:CHGG) Stock

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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CHGG Stock News Headlines

Chegg, Inc. (CHGG) Q3 2022 Earnings Call Transcript
Expert Ratings for Chegg
Chegg Spikes 27% On Higher Q3 Profit
Chegg (CHGG) Beats Q3 Earnings and Revenue Estimates
What's Going On With Chegg Stock After-Hours?
Chegg Announces Third Quarter 2022 Earnings
Chegg Promotes Nathan Schultz As Operations Head
See More Headlines
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CHGG Company Calendar

Last Earnings
10/31/2021
Today
11/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/06/2023

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
$29.00
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+3.2%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
14 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
$3.53 billion
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • Mr. Daniel Lee RosensweigMr. Daniel Lee Rosensweig (Age 60)
    Co-Chairman, CEO & Pres
    Comp: $1.01M
  • Mr. Andrew J. Brown (Age 62)
    Chief Financial Officer
    Comp: $756.5k
  • Mr. Nathan Schultz (Age 45)
    Chief Operating Officer
    Comp: $754.88k
  • Ms. Esther Lem (Age 66)
    Chief Marketing Officer
    Comp: $556.5k
  • Mr. John Paul Fillmore (Age 42)
    Pres of Chegg Skills
    Comp: $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













CHGG Stock - Frequently Asked Questions

Should I buy or sell Chegg stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last twelve months. There are currently 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?

14 analysts have issued 12-month price targets for Chegg's shares. Their CHGG share price forecasts range from $18.00 to $55.00. On average, they predict the company's stock price to reach $29.00 in the next year. This suggests a possible upside of 3.2% 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 2022?

Chegg's stock was trading at $30.70 at the beginning of the year. Since then, CHGG stock has decreased by 8.4% and is now trading at $28.11.
View the best growth stocks for 2022 here
.

Are investors shorting Chegg?

Chegg saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 4,680,000 shares, a decline of 13.2% from the October 31st total of 5,390,000 shares. Based on an average daily trading volume, of 1,640,000 shares, the short-interest ratio is currently 2.9 days. Approximately 3.8% 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, February 6th 2023.
View our CHGG earnings forecast
.

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) posted its quarterly earnings data on Sunday, October, 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The technology company earned $171.90 million during the quarter, compared to analyst estimates of $173.79 million. Chegg had a net margin of 37.58% and a trailing twelve-month return on equity of 7.19%. The business's revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share.

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 (EPS) 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 shareholders include Baillie Gifford & Co. (14.41%), Vanguard Group Inc. (9.38%), Sands Capital Management LLC (4.29%), Fred Alger Management LLC (2.54%), Artisan Partners Limited Partnership (2.07%) and Federated Hermes Inc. (1.80%). 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 $28.11.

How much money does Chegg make?

Chegg (NYSE:CHGG) has a market capitalization of $3.53 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 11/30/2022 by MarketBeat.com Staff