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Find and Profitably Trade Stocks at 52-Week Lows
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
Look at Honeywell for a Steady and Diversified Stock
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
Look at Honeywell for a Steady and Diversified Stock
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
Look at Honeywell for a Steady and Diversified Stock
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
NYSE:CHGG

Chegg - CHGG Stock Forecast, Price & News

$22.09
-0.85 (-3.71%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$22.06
$23.39
50-Day Range
$17.02
$23.59
52-Week Range
$15.66
$87.13
Volume
1.19 million shs
Average Volume
1.78 million shs
Market Capitalization
$2.79 billion
P/E Ratio
73.63
Dividend Yield
N/A
Price Target
$36.58

Chegg MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
65.6% Upside
$36.58 Price Target
Short Interest
Healthy
5.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
0.30mentions of Chegg in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
50.00%
From $0.28 to $0.42 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

202nd out of 658 stocks

Educational Services Industry

10th out of 26 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.

Chegg Stock Down 2.7 %

Shares of NYSE:CHGG traded down $0.62 during mid-day trading on Thursday, hitting $22.32. 42,393 shares of the company traded hands, compared to its average volume of 1,783,578. The stock has a market cap of $2.82 billion, a P/E ratio of 76.47, a P/E/G ratio of 5.42 and a beta of 1.10. The company has a current ratio of 10.81, a quick ratio of 8.02 and a debt-to-equity ratio of 2.05. Chegg has a 12-month low of $15.66 and a 12-month high of $87.13. The stock has a 50-day moving average price of $19.79 and a two-hundred day moving average price of $25.03.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CHGG shares. Barrington Research decreased their target price on Chegg from $40.00 to $25.00 in a research note on Tuesday, May 3rd. William Blair cut Chegg from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 3rd. Craig Hallum decreased their target price on Chegg from $35.00 to $18.00 in a research note on Tuesday, May 3rd. Piper Sandler decreased their target price on Chegg from $21.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, July 18th. Finally, Bank of America cut Chegg from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 3rd. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $36.58.

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CHGG Stock News Headlines

Chegg (NYSE:CHGG) Shares Gap Up to $21.63
Why Chegg Stock Is Surging After Hours
Chegg (CHGG) Scheduled to Post Quarterly Earnings on Thursday
Chegg, Inc. (NYSE:CHGG) Has A ROE Of 8.6%
Chegg (NYSE:CHGG) Price Target Cut to $20.00
See More Headlines
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CHGG Company Calendar

Last Earnings
10/31/2021
Today
8/12/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

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
$36.58
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+65.6%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
14 Analysts

Profitability

Net Income
$-1,460,000.00
Pretax Margin
6.52%

Debt

Sales & Book Value

Annual Sales
$776.27 million
Cash Flow
$1.24 per share
Book Value
$6.48 per share

Miscellaneous

Free Float
123,555,000
Market Cap
$2.79 billion
Optionable
Optionable
Beta
1.10

Social Links


Key Executives

  • Mr. Daniel Lee Rosensweig (Age 60)
    Co-Chairman, CEO & Pres
    Comp: $1.01M
  • Mr. Andrew J. Brown (Age 62)
    Chief Financial Officer
    Comp: $756.5k
  • Ms. Esther Lem (Age 66)
    Chief Marketing Officer
    Comp: $556.5k
  • Mr. Nathan Schultz (Age 45)
    Pres of Learning Services
    Comp: $754.88k
  • 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last twelve months. There are currently 13 hold ratings and 1 buy rating 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 2022?

14 brokers have issued twelve-month price objectives for Chegg's shares. Their CHGG share price forecasts range from $18.00 to $120.00. On average, they predict the company's share price to reach $36.58 in the next year. This suggests a possible upside of 65.6% 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 start of the year. Since then, CHGG stock has decreased by 28.0% and is now trading at $22.09.
View the best growth stocks for 2022 here
.

Are investors shorting Chegg?

Chegg saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,220,000 shares, an increase of 38.8% from the June 15th total of 5,200,000 shares. Based on an average trading volume of 4,130,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 7.0% of the shares of the stock 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, November 7th 2022.
View our CHGG earnings forecast
.

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) released its quarterly earnings data on Sunday, October, 31st. The technology company reported $0.20 earnings per share 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 the consensus estimate of $173.79 million. Chegg had a trailing twelve-month return on equity of 7.93% and a net margin of 5.69%. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share.

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

Chegg updated its third quarter 2022 earnings guidance on Thursday, August, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $156.00 million-$160.00 million, compared to the consensus revenue estimate of $162.46 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 many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (14.56%), Clearbridge Investments LLC (2.08%), Mitsubishi UFJ Trust & Banking Corp (0.48%), National Bank of Canada FI (0.48%), Assenagon Asset Management S.A. (0.34%) and Bridgewater Associates LP (0.31%). Insiders that own company stock include Andrew J Brown, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jenny Brandemuehl, 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 $22.09.

How much money does Chegg make?

Chegg (NYSE:CHGG) has a market capitalization of $2.79 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 $0.30 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

When was Chegg founded?

Chegg was founded in 2005.

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 8/12/2022 by MarketBeat.com Staff

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