Chegg - CHGG Stock Forecast, Price & News

12 Wall Street equities 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 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.
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12 analysts have issued 1-year target prices for Chegg's shares. Their CHGG share price forecasts range from $17.00 to $29.00. On average, they expect the company's share price to reach $22.00 in the next year. This suggests a possible upside of 41.9% from the stock's current price.
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Chegg's stock was trading at $25.27 on January 1st, 2023. Since then, CHGG shares have decreased by 38.7% and is now trading at $15.50.
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Chegg saw a increase in short interest in the month of 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 short-interest ratio is presently 6.3 days. Currently, 12.8% of the shares of the company are sold short.
View Chegg's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our CHGG earnings forecast.

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

ETFs with the largest weight of Chegg (NYSE:CHGG) stock in their portfolio include Global X Education ETF (EDUT), Amplify Online Retail ETF (IBUY), iShares Virtual Work and Life Multisector ETF (IWFH), WisdomTree Growth Leaders Fund (PLAT), First Trust Small Cap Growth AlphaDEX Fund (FYC), Nuveen ESG Small-Cap ETF (NUSC), Vanguard Russell 2000 Growth ETF (VTWG) and Global X Millennials Consumer ETF (MILN).

Chegg updated 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.

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.

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).

Chegg trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHGG."

Chegg's stock is owned by a variety of 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.

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.
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One share of CHGG stock can currently be purchased for approximately $15.50.

Chegg (NYSE:CHGG) has a market capitalization of $1.96 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.

The company employs 1,953 workers across the globe.

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.