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NYSE:CHGG

Chegg - CHGG Stock Forecast, Price & News

$15.49
-0.48 (-3.01%)
(As of 03/22/2023 12:00 AM ET)
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Compare
Today's Range
$15.48
$16.01
50-Day Range
$15.49
$24.62
52-Week Range
$15.30
$37.64
Volume
3.61 million shs
Average Volume
3.00 million shs
Market Capitalization
$1.96 billion
P/E Ratio
11.56
Dividend Yield
N/A
Price Target
$22.00

Chegg MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
42.0% Upside
$22.00 Price Target
Short Interest
Bearish
12.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
0.69mentions of Chegg in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$793,053 Sold Last Quarter
Proj. Earnings Growth
60.71%
From $0.28 to $0.45 Per Share

Overall MarketRank

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

2.86 out of 5 stars

Computer And Technology Sector

62nd out of 602 stocks

Educational Services Industry

3rd out of 23 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 (NYSE:CHGG) Upgraded to Buy at StockNews.com
Brokerages Set Chegg, Inc. (NYSE:CHGG) Price Target at $21.40
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Chegg Adopts $150M Accelerated Share Repurchase
Why Chegg Stock Plunged 20% This Week
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Chegg Full Year 2022 Earnings: EPS Misses Expectations
Chegg: Buy On Dips For 2024 Growth
Chegg (CHGG) Q4 Earnings and Revenues Surpass Estimates
‘ChatGPT is today’s hand calculator,’ this CEO says
Chegg stock tumbles 20% on pessimistic 2023 outlook
Chegg Deserves a C Grade at Best Ahead of Earnings
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%?
See More Headlines
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CHGG Company Calendar

Last Earnings
2/06/2023
Today
3/22/2023
Next Earnings (Estimated)
5/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Educational services
Sub-Industry
N/A
Fax
N/A
Employees
1,953
Year Founded
2005

Price Target and Rating

Average Stock Price Forecast
$22.00
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+39.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$266.64 million
Pretax Margin
13.55%

Debt

Sales & Book Value

Annual Sales
$766.90 million
Cash Flow
$1.26 per share
Book Value
$8.90 per share

Miscellaneous

Free Float
123,705,000
Market Cap
$1.99 billion
Optionable
Optionable
Beta
1.13

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
  • Girish Krishnaswamy
    Chief Business Officer













CHGG Stock - Frequently Asked Questions

Should I buy or sell Chegg stock right now?

12 Wall Street 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 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 brokerages have issued twelve-month price objectives for Chegg's shares. Their CHGG share price forecasts range from $17.00 to $29.00. On average, they expect the company's stock price to reach $22.00 in the next year. This suggests a possible upside of 39.2% 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 beginning of the year. Since then, CHGG shares have decreased by 37.5% and is now trading at $15.80.
View the best growth stocks for 2023 here
.

Are investors shorting Chegg?

Chegg saw a increase in short interest in 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 days-to-cover ratio is presently 6.3 days. Currently, 12.8% of the company's stock 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, May 1st 2023.
View our CHGG earnings forecast
.

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) announced its quarterly earnings data on Monday, February, 6th. The technology company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The technology company had revenue of $205.19 million for the quarter, compared to analyst estimates 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 revenue for the quarter 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 guidance has Chegg issued on next quarter's earnings?

Chegg issued an update on 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 many different 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 $15.80.

How much money does Chegg make?

Chegg (NYSE:CHGG) has a market capitalization of $2.00 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 3/22/2023 by MarketBeat.com Staff