NYSE:CHGG Chegg - CHGG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Chegg, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $21.34 +0.45 (+2.15%) (As of 02/3/2023 09:03 PM ET) Add Compare Share Share Today's Range$20.51▼$22.0250-Day Range$19.80▼$29.8452-Week Range$15.66▼$37.64Volume3.09 million shsAverage Volume2.52 million shsMarket Capitalization$2.68 billionP/E Ratio14.42Dividend YieldN/APrice Target$26.18 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Chegg MarketRank™ ForecastAnalyst RatingHold2.23 Rating ScoreUpside/Downside22.7% Upside$26.18 Price TargetShort InterestHealthy3.67% of Float Sold ShortDividend StrengthN/ASustainability-0.54Upright™ Environmental ScoreNews Sentiment0.55Based on 4 Articles This WeekInsider TradingSelling Shares$994,670 Sold Last QuarterProj. Earnings Growth14.63%From $0.41 to $0.47 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.64 out of 5 starsComputer And Technology Sector94th out of 608 stocksEducational Services Industry6th out of 22 stocks 2.1 Analyst's Opinion Consensus RatingChegg has received a consensus rating of Hold. The company's average rating score is 2.23, and is based on 3 buy ratings, 10 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $26.18, Chegg has a forecasted upside of 22.7% from its current price of $21.34.Amount of Analyst CoverageChegg has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.67% of the float of Chegg has been sold short.Short Interest Ratio / Days to CoverChegg has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Chegg has recently decreased by 8.40%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldChegg does not currently pay a dividend.Dividend GrowthChegg does not have a long track record of dividend growth. Previous Next 4.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreChegg has received a 68.14% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "MOOC platforms", "E-learning platforms for higher education", and "Private tutoring services" products. See details.Environmental SustainabilityThe Environmental Impact score for Chegg is -0.54. Previous Next 3.1 News and Social Media Coverage News SentimentChegg has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Chegg this week, compared to 5 articles on an average week.Search Interest30 people have searched for CHGG on MarketBeat in the last 30 days. This is an increase of 329% compared to the previous 30 days.MarketBeat Follows5 people have added Chegg to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Chegg insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $994,670.00 in company stock.Percentage Held by InsidersOnly 2.25% of the stock of Chegg is held by insiders.Percentage Held by Institutions92.88% of the stock of Chegg is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Chegg are expected to grow by 14.63% in the coming year, from $0.41 to $0.47 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chegg is 14.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Chegg is 14.42, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 383.13.Price to Earnings Growth RatioChegg has a PEG Ratio of 3.26. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioChegg has a P/B Ratio of 2.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Chegg (NYSE:CHGG) StockChegg, 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.Read More Receive CHGG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Chegg and its competitors with MarketBeat's FREE daily newsletter. Email Address CHGG Stock News HeadlinesJanuary 31, 2023 | marketbeat.comIs the 1,600% Rise in Genius Group Stock Justified? (CHGG)Global Edtech and education company Genius Group Ltd (NYSEAMERICAN: GNS) shares have spiked by 1600% for 2023. The stock was trading just a few hundredFebruary 4, 2023 | americanbankingnews.comChegg (CHGG) to Release Quarterly Earnings on MondayFebruary 6, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 20, 2023 | finance.yahoo.comChegg CEO talks skills-based learning, the average college student age, and AI in educationJanuary 19, 2023 | finance.yahoo.comChegg Announces Inaugural Student Mental Health Week to Address Growing Student Anxiety in the Age of Covid and BeyondJanuary 19, 2023 | marketwatch.com: Chegg upgraded to overweight from sector weight at KeyBanc CapitalJanuary 18, 2023 | finance.yahoo.comChegg stock drops amid ChatGPT headwinds on education industryJanuary 18, 2023 | finance.yahoo.comChegg to Announce Fourth Quarter and Full Year 2022 Financial ResultsFebruary 6, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 12, 2023 | finance.yahoo.comBoasting A 28% Return On Equity, Is Chegg, Inc. (NYSE:CHGG) A Top Quality Stock?January 6, 2023 | finance.yahoo.com2 Tech Stocks That Could Bounce Back in 2023January 2, 2023 | seekingalpha.comChegg: Bullish With A Tailwind For Earnings In 2023December 22, 2022 | finance.yahoo.comAre Investors Undervaluing Chegg, Inc. (NYSE:CHGG) By 29%?December 16, 2022 | finance.yahoo.comLooking for Earnings Beat? Buy These 5 Stocks With PotentialDecember 2, 2022 | finance.yahoo.comCollege degrees seeing ‘a decrease in the ROI,’ Chegg Skills president saysDecember 1, 2022 | finance.yahoo.comHere's Why We Think Chegg (NYSE:CHGG) Is Well Worth WatchingDecember 1, 2022 | finance.yahoo.comWhat Can We Learn From Chegg's Charts?November 30, 2022 | finance.yahoo.comChegg (CHGG)'s Technical Outlook is Bright After Key Golden CrossNovember 16, 2022 | finance.yahoo.comChegg Gives its Students Globally, Free Access to World’s #1 App for Sleep, Meditation and RelaxationNovember 16, 2022 | finance.yahoo.comInsiders of Chegg, Inc. (NYSE:CHGG) reaped rewards after their US$2.3m investment jumped another US$37kNovember 6, 2022 | finance.yahoo.comIs This Growth Stock a Buy After Delivering Spectacular Results?November 6, 2022 | cnbc.comTop Wall Street analysts pick these stocks to bet on during the market’s uncertaintyNovember 3, 2022 | finance.yahoo.comChegg CFO: Skills-based learning ‘is playing a much larger role’November 2, 2022 | seekingalpha.comChegg, Inc. (CHGG) Q3 2022 Earnings Call TranscriptNovember 2, 2022 | msn.comExpert Ratings for CheggNovember 2, 2022 | msn.comChegg Stock Is Up 25% Today: What's Going On?November 2, 2022 | barrons.comChegg Stock Is Soaring Because Earnings Were Strong and Management Is UpbeatSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CHGG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Chegg and its competitors with MarketBeat's FREE daily newsletter. Email Address CHGG Company Calendar Last Earnings10/31/2021Today2/05/2023Next Earnings (Confirmed)2/06/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Educational services Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:CHGG CUSIPN/A CIK1364954 Webwww.chegg.com Phone(408) 855-5700FaxN/AEmployees1,736Year Founded2005Price Target and Rating Average Stock Price Forecast$26.18 High Stock Price Forecast$35.00 Low Stock Price Forecast$18.00 Forecasted Upside/Downside+22.7%Consensus RatingHold Rating Score (0-4)2.23 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$1.48 Trailing P/E Ratio14.42 Forward P/E Ratio52.05 P/E Growth3.26Net Income$-1,460,000.00 Net Margins37.58% Pretax Margin16.58% Return on Equity7.19% Return on Assets2.55% Debt Debt-to-Equity Ratio1.13 Current Ratio7.19 Quick Ratio7.19 Sales & Book Value Annual Sales$776.27 million Price / Sales3.45 Cash Flow$1.29 per share Price / Cash Flow16.57 Book Value$7.64 per share Price / Book2.79Miscellaneous Outstanding Shares125,480,000Free Float122,654,000Market Cap$2.68 billion OptionableOptionable Beta1.04 Social Links Key ExecutivesDan RosensweigCo-Chairman, President & Chief Executive OfficerNathan SchultzChief Operating OfficerAndrew J. BrownChief Financial OfficerDavid LongoChief Accounting Officer, VP & ControllerGirish KrishnaswamyChief Business OfficerKey CompetitorsUdemyNASDAQ:UDMYArco PlatformNASDAQ:ARCESiTimeNASDAQ:SITMRogersNYSE:ROGBlackBerryNYSE:BBView All CompetitorsInsiders & InstitutionsEssex Investment Management Co. LLCBought 32,709 shares on 2/3/2023Ownership: 0.268%Privium Fund Management B.V.Bought 33,275 shares on 2/3/2023Ownership: 0.027%Simplex Trading LLCSold 30,300 shares on 2/2/2023Ownership: 0.000%ProShare Advisors LLCBought 2,280 shares on 2/2/2023Ownership: 0.013%Raymond James Trust N.A.Bought 8,022 shares on 2/2/2023Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions 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 twelve months. 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 brokers have issued twelve-month price targets for Chegg's shares. Their CHGG share price forecasts range from $18.00 to $35.00. On average, they predict the company's share price to reach $26.18 in the next year. This suggests a possible upside of 22.7% 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 2023. Since then, CHGG shares have decreased by 15.6% and is now trading at $21.34. View the best growth stocks for 2023 here. Are investors shorting Chegg? Chegg saw a decline in short interest in January. As of January 15th, there was short interest totaling 4,470,000 shares, a decline of 8.4% from the December 31st total of 4,880,000 shares. Based on an average daily volume of 1,720,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 3.7% of the shares of the company 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) issued its quarterly earnings data on Sunday, October, 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The technology company had revenue of $171.90 million for the quarter, compared to analysts' expectations of $173.79 million. Chegg had a net margin of 37.58% and a trailing twelve-month return on equity of 7.19%. Chegg's revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS. What guidance has Chegg issued on next quarter's earnings? Chegg issued an update on 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 number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (14.29%), Assenagon Asset Management S.A. (0.61%), National Bank of Canada FI (0.33%), Essex Investment Management Co. LLC (0.27%), SG Americas Securities LLC (0.10%) and State of New Jersey Common Pension Fund D (0.07%). Insiders that own company stock include Andrew J Brown, Daniel Rosensweig, 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 $21.34. How much money does Chegg make? Chegg (NYSE:CHGG) has a market capitalization of $2.68 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 2/6/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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