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NYSE:CHGG

Chegg (CHGG) Stock Forecast, Price & News

$10.36
+0.22 (+2.17%)
(As of 06/8/2023 ET)
Compare
Today's Range
$10.02
$10.44
50-Day Range
$8.98
$18.60
52-Week Range
$8.72
$30.05
Volume
3.69 million shs
Average Volume
3.96 million shs
Market Capitalization
$1.24 billion
P/E Ratio
7.85
Dividend Yield
N/A
Price Target
$18.77

Chegg MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
81.2% Upside
$18.77 Price Target
Short Interest
Healthy
7.91% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
0.49mentions of Chegg in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$7,820 Sold Last Quarter
Proj. Earnings Growth
433.33%
From $0.03 to $0.16 Per Share

Overall MarketRank

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

3.14 out of 5 stars

Computer And Technology Sector

6th out of 594 stocks

Educational Services Industry

1st out of 21 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

Nasdaq 100 Hits 2023 Highs As Google, Amazon Join The Tech Rally (CHGG)
The Nasdaq 100 index hit new 2023 highs, boosted by AI news from Alphabet, as other top components, including Microsoft, Nvidia and Apple took a breather.
Will ChatGPT Be the Final Nail in the Coffin for Chegg?
Personalized online student learning platform provider Chegg Inc. (NYSE: CHGG) shares were crushed as it warned that growing ChatGPT usage was hurting its b
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Chegg (NYSE: CHGG)
30 Colleges With the Highest Acceptance Rates
Chegg (NYSE:CHGG) Research Coverage Started at StockNews.com
Chegg (CHGG) Fell on Disappointing Earnings
30 Colleges With the Lowest Acceptance Rates
Could AI Be the Death of Chegg Stock?
US debt ceiling deadline looms
Chegg (NYSE:CHGG) Shares Gap Up to $9.08
See More Headlines

CHGG Price History

CHGG Company Calendar

Last Earnings
2/06/2023
Today
6/08/2023
Next Earnings (Estimated)
8/03/2023
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
$18.77
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+81.2%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

Net Income
$266.64 million
Pretax Margin
13.34%

Debt

Sales & Book Value

Annual Sales
$766.90 million
Cash Flow
$1.34 per share
Book Value
$8.90 per share

Miscellaneous

Free Float
116,603,000
Market Cap
$1.24 billion
Optionable
Optionable
Beta
1.15

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 analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 10 hold ratings and 2 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?

12 Wall Street analysts have issued 1-year price objectives for Chegg's shares. Their CHGG share price forecasts range from $11.00 to $29.00. On average, they expect the company's share price to reach $18.77 in the next year. This suggests a possible upside of 81.2% 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 start of the year. Since then, CHGG stock has decreased by 59.0% and is now trading at $10.36.
View the best growth stocks for 2023 here
.

Are investors shorting Chegg?

Chegg saw a drop in short interest in May. As of May 15th, there was short interest totaling 9,180,000 shares, a drop of 10.6% from the April 30th total of 10,270,000 shares. Based on an average daily trading volume, of 4,440,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 7.9% of the company's 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 Thursday, August 3rd 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 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The technology company earned $205.19 million during the quarter, compared to analyst estimates of $202.10 million. Chegg had a net margin of 34.97% and a trailing twelve-month return on equity of 4.82%. The business's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share.

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

Chegg updated its second quarter 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $175.00 million-$178.00 million, compared to the consensus revenue estimate of $193.64 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. (11.25%), Sands Capital Management LLC (6.46%), Sylebra Capital Ltd (3.06%), Fred Alger Management LLC (2.67%), Dimensional Fund Advisors LP (2.46%) and Clearbridge Investments LLC (2.41%). Insiders that own company stock include Daniel Rosensweig, Esther Lem, John E York, John Paul Fillmore, Nathan J Schultz, Paul Leblanc, 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 $10.36.

How much money does Chegg make?

Chegg (NYSE:CHGG) has a market capitalization of $1.24 billion and generates $766.90 million in revenue each year. The technology company earns $266.64 million in net income (profit) each year or $1.32 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 6/8/2023 by MarketBeat.com Staff

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